Wall Street brokerages predict that Illumina, Inc. (NASDAQ:ILMN) will report sales of $737.73 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Illumina’s earnings. The lowest sales estimate is $728.41 million and the highest is $749.00 million. Illumina posted sales of $619.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.1%. The business is scheduled to issue its next earnings results on Tuesday, January 30th.

On average, analysts expect that Illumina will report full-year sales of $737.73 million for the current year, with estimates ranging from $2.70 billion to $2.75 billion. For the next fiscal year, analysts expect that the business will post sales of $3.07 billion per share, with estimates ranging from $2.94 billion to $3.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Illumina.

Illumina (NASDAQ:ILMN) last issued its earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The firm had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $692.77 million. During the same quarter last year, the business earned $0.97 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis.

ILMN has been the topic of several recent analyst reports. Wells Fargo & Co reiterated a “positive” rating and issued a $260.00 price target (up previously from $250.00) on shares of Illumina in a report on Tuesday, January 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $269.00 price target on shares of Illumina in a report on Tuesday, January 9th. William Blair cut shares of Illumina from an “outperform” rating to a “market perform” rating in a report on Friday, January 5th. BidaskClub upgraded shares of Illumina from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Finally, BTIG Research initiated coverage on shares of Illumina in a report on Friday, January 5th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Illumina currently has a consensus rating of “Buy” and an average target price of $214.38.

Illumina (NASDAQ:ILMN) opened at $244.72 on Monday. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41. Illumina has a fifty-two week low of $156.50 and a fifty-two week high of $245.96. The stock has a market cap of $35,730.00, a P/E ratio of 46.17, a PEG ratio of 3.30 and a beta of 0.79.

In other Illumina news, Director Jay T. Flatley sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $210.43, for a total transaction of $4,208,600.00. Following the completion of the transaction, the director now owns 539,176 shares of the company’s stock, valued at $113,458,805.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc Stapley sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $205.48, for a total value of $410,960.00. Following the transaction, the executive vice president now directly owns 30,370 shares of the company’s stock, valued at approximately $6,240,427.60. The disclosure for this sale can be found here. Insiders have sold 137,671 shares of company stock valued at $29,485,768 in the last three months. Insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Illumina by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 9,904,340 shares of the life sciences company’s stock worth $1,718,601,000 after purchasing an additional 255,498 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Illumina by 3.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,512,167 shares of the life sciences company’s stock worth $500,416,000 after purchasing an additional 76,452 shares during the last quarter. Capital World Investors raised its position in shares of Illumina by 23.8% in the 2nd quarter. Capital World Investors now owns 2,135,000 shares of the life sciences company’s stock worth $370,465,000 after purchasing an additional 410,000 shares during the last quarter. Winslow Capital Management LLC purchased a new position in shares of Illumina in the 2nd quarter worth about $211,584,000. Finally, Legal & General Group Plc raised its position in shares of Illumina by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 684,955 shares of the life sciences company’s stock worth $136,442,000 after purchasing an additional 17,081 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

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Illumina Company Profile

Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.

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Earnings History and Estimates for Illumina (NASDAQ:ILMN)

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