Equities research analysts forecast that Mylan (NASDAQ:MYL) will post $3.28 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Mylan’s earnings. The highest sales estimate is $3.38 billion and the lowest is $3.19 billion. Mylan posted sales of $3.27 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, March 7th.
On average, analysts expect that Mylan will report full-year sales of $3.28 billion for the current year, with estimates ranging from $11.86 billion to $12.05 billion. For the next year, analysts expect that the company will post sales of $12.65 billion per share, with estimates ranging from $12.28 billion to $13.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Mylan.
Mylan (NASDAQ:MYL) last issued its quarterly earnings data on Monday, November 6th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). Mylan had a return on equity of 20.63% and a net margin of 7.28%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the firm earned $1.38 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in MYL. Sei Investments Co. lifted its stake in Mylan by 24.2% during the 2nd quarter. Sei Investments Co. now owns 17,233 shares of the company’s stock valued at $669,000 after acquiring an additional 3,363 shares during the period. Global X Management Co. LLC lifted its stake in Mylan by 59.2% during the 2nd quarter. Global X Management Co. LLC now owns 4,801 shares of the company’s stock valued at $186,000 after acquiring an additional 1,786 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Mylan by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,602,389 shares of the company’s stock valued at $62,205,000 after acquiring an additional 33,510 shares during the period. Advisors Asset Management Inc. lifted its stake in Mylan by 5.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 73,170 shares of the company’s stock valued at $2,840,000 after acquiring an additional 3,965 shares during the period. Finally, Legal & General Group Plc lifted its stake in Mylan by 12.8% during the 2nd quarter. Legal & General Group Plc now owns 2,437,073 shares of the company’s stock valued at $94,604,000 after acquiring an additional 277,404 shares during the period. Institutional investors and hedge funds own 75.04% of the company’s stock.
Mylan (NASDAQ:MYL) opened at $40.52 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.46 and a quick ratio of 0.95. Mylan has a 12-month low of $29.39 and a 12-month high of $45.87. The stock has a market cap of $21,462.81, a P/E ratio of 8.51, a PEG ratio of 2.19 and a beta of 1.38.
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Mylan Company Profile
Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.
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