Mylan (MYL) Forecasted to Post Q1 2018 Earnings of $1.09 Per Share

Mylan (NASDAQ:MYL) – Analysts at Leerink Swann issued their Q1 2018 EPS estimates for Mylan in a note issued to investors on Tuesday. Leerink Swann analyst A. Fadia anticipates that the company will earn $1.09 per share for the quarter. Leerink Swann currently has a “Market Perform” rating and a $44.00 price target on the stock. Leerink Swann also issued estimates for Mylan’s Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.56 EPS and FY2022 earnings at $7.84 EPS.

Several other analysts have also issued reports on the company. Citigroup increased their target price on Mylan from $48.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald set a $41.00 price target on Mylan and gave the stock a “hold” rating in a research report on Tuesday, December 26th. BidaskClub raised Mylan from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 19th. Guggenheim assumed coverage on Mylan in a research report on Tuesday, December 12th. They set a “buy” rating and a $59.00 price target on the stock. Finally, UBS Group set a $46.00 price target on Mylan and gave the stock a “buy” rating in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $43.20.

Mylan (NASDAQ:MYL) traded up $0.32 during trading hours on Thursday, reaching $43.46. The company’s stock had a trading volume of 751,475 shares, compared to its average volume of 6,744,200. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $23,140.00, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.38. Mylan has a 12-month low of $29.39 and a 12-month high of $45.87.

Mylan (NASDAQ:MYL) last announced its quarterly earnings data on Monday, November 6th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.10). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mylan had a return on equity of 20.63% and a net margin of 7.28%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share.

Hedge funds have recently bought and sold shares of the company. Greenlight Capital Inc. boosted its stake in Mylan by 0.4% during the 3rd quarter. Greenlight Capital Inc. now owns 10,744,307 shares of the company’s stock valued at $337,048,000 after purchasing an additional 42,600 shares during the last quarter. Wealthsource Partners LLC boosted its stake in Mylan by 57.6% during the third quarter. Wealthsource Partners LLC now owns 14,705 shares of the company’s stock valued at $461,000 after buying an additional 5,375 shares in the last quarter. Americafirst Capital Management LLC bought a new position in Mylan during the third quarter valued at about $471,000. Cypress Capital Group boosted its stake in Mylan by 37.7% during the third quarter. Cypress Capital Group now owns 13,079 shares of the company’s stock valued at $410,000 after buying an additional 3,579 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Mylan by 4.2% during the third quarter. California Public Employees Retirement System now owns 1,129,978 shares of the company’s stock valued at $35,447,000 after buying an additional 45,822 shares in the last quarter. 74.90% of the stock is owned by hedge funds and other institutional investors.

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About Mylan

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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