Wall Street analysts expect Eli Lilly and Co (NYSE:LLY) to post $5.96 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Eli Lilly and’s earnings. The lowest sales estimate is $5.89 billion and the highest is $6.04 billion. Eli Lilly and reported sales of $5.76 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Eli Lilly and will report full-year sales of $5.96 billion for the current financial year, with estimates ranging from $22.60 billion to $22.71 billion. For the next financial year, analysts anticipate that the business will report sales of $23.19 billion per share, with estimates ranging from $23.05 billion to $23.32 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Eli Lilly and.
Eli Lilly and (NYSE:LLY) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Eli Lilly and had a return on equity of 30.27% and a net margin of 9.90%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Shares of Eli Lilly and (NYSE:LLY) opened at $85.14 on Thursday. Eli Lilly and has a 12-month low of $74.00 and a 12-month high of $89.09. The firm has a market capitalization of $93,240.73, a PE ratio of 40.35, a P/E/G ratio of 1.59 and a beta of 0.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.38.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 2.64%. This is a boost from Eli Lilly and’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, February 14th. Eli Lilly and’s dividend payout ratio (DPR) is presently 98.58%.
In other news, major shareholder Lilly Endowment Inc sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $88.20, for a total value of $17,640,000.00. Following the completion of the transaction, the insider now directly owns 123,084,104 shares in the company, valued at $10,856,017,972.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alfonso G. Zulueta sold 2,003 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.67, for a total value of $167,591.01. Following the completion of the transaction, the senior vice president now owns 43,580 shares of the company’s stock, valued at $3,646,338.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,088 shares of company stock valued at $22,041,236. Company insiders own 0.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Pathstone Family Office LLC raised its position in Eli Lilly and by 100.0% during the second quarter. Pathstone Family Office LLC now owns 58 shares of the company’s stock valued at $4,774,000 after acquiring an additional 29 shares in the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new position in Eli Lilly and during the second quarter valued at approximately $494,000. Acrospire Investment Management LLC raised its position in Eli Lilly and by 16.7% during the second quarter. Acrospire Investment Management LLC now owns 1,399 shares of the company’s stock valued at $115,000 after acquiring an additional 200 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Eli Lilly and during the second quarter valued at approximately $128,000. Finally, San Francisco Sentry Investment Group CA purchased a new position in Eli Lilly and during the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.
About Eli Lilly and
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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