Equities analysts expect AstraZeneca plc (NYSE:AZN) to post sales of $5.76 billion for the current quarter, Zacks reports. Three analysts have provided estimates for AstraZeneca’s earnings. The lowest sales estimate is $5.37 billion and the highest is $6.12 billion. AstraZeneca reported sales of $5.59 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is expected to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that AstraZeneca will report full-year sales of $5.76 billion for the current financial year, with estimates ranging from $20.03 billion to $22.48 billion. For the next year, analysts anticipate that the business will report sales of $22.07 billion per share, with estimates ranging from $20.47 billion to $23.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow AstraZeneca.

AstraZeneca (NYSE:AZN) last released its earnings results on Thursday, November 9th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.55. AstraZeneca had a net margin of 15.90% and a return on equity of 34.02%. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company posted $1.32 EPS. The company’s revenue was up 9.4% compared to the same quarter last year.

A number of research firms have issued reports on AZN. Cowen restated a “hold” rating and set a $37.00 target price on shares of AstraZeneca in a research report on Tuesday, October 17th. Credit Suisse Group upgraded shares of AstraZeneca from a “neutral” rating to an “outperform” rating in a research report on Monday, October 16th. BMO Capital Markets set a $38.00 target price on shares of AstraZeneca and gave the company a “buy” rating in a research report on Tuesday, October 31st. BNP Paribas upgraded shares of AstraZeneca from a “neutral” rating to an “outperform” rating in a research report on Monday, September 25th. Finally, Liberum Capital downgraded shares of AstraZeneca from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.20.

Several hedge funds have recently made changes to their positions in the company. Garrison Financial Corp increased its stake in shares of AstraZeneca by 0.5% in the 2nd quarter. Garrison Financial Corp now owns 18,058 shares of the company’s stock valued at $616,000 after acquiring an additional 86 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in AstraZeneca by 0.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 13,315 shares of the company’s stock worth $454,000 after purchasing an additional 94 shares in the last quarter. Financial Counselors Inc. increased its stake in AstraZeneca by 2.7% during the 2nd quarter. Financial Counselors Inc. now owns 6,871 shares of the company’s stock worth $234,000 after purchasing an additional 182 shares in the last quarter. FTB Advisors Inc. increased its stake in AstraZeneca by 3.2% during the 2nd quarter. FTB Advisors Inc. now owns 6,471 shares of the company’s stock worth $197,000 after purchasing an additional 200 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. increased its stake in AstraZeneca by 2.5% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 9,233 shares of the company’s stock worth $314,000 after purchasing an additional 229 shares in the last quarter. 14.75% of the stock is owned by institutional investors.

AstraZeneca (NYSE AZN) opened at $32.74 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. AstraZeneca has a 52-week low of $26.51 and a 52-week high of $35.60. The stock has a market cap of $82,894.28, a PE ratio of 7.81, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72.

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AstraZeneca Company Profile

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

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Earnings History and Estimates for AstraZeneca (NYSE:AZN)

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