Abbott Laboratories (NYSE:ABT) will be posting its quarterly earnings results before the market opens on Wednesday, January 24th. Analysts expect Abbott Laboratories to post earnings of $0.73 per share for the quarter.

Abbott Laboratories (NYSE:ABT) last posted its quarterly earnings data on Wednesday, October 18th. The healthcare product maker reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.72 billion. Abbott Laboratories had a net margin of 8.37% and a return on equity of 13.98%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, analysts expect Abbott Laboratories to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Abbott Laboratories (NYSE ABT) opened at $58.44 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.69 and a quick ratio of 2.26. The company has a market cap of $101,720.00, a PE ratio of 48.30, a price-to-earnings-growth ratio of 1.87 and a beta of 1.55. Abbott Laboratories has a one year low of $39.25 and a one year high of $59.60.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 12th will be paid a $0.28 dividend. This is a positive change from Abbott Laboratories’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.12 annualized dividend and a yield of 1.92%. Abbott Laboratories’s dividend payout ratio (DPR) is 92.56%.

In related news, Chairman Miles D. White sold 276,886 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $54.41, for a total value of $15,065,367.26. Following the completion of the transaction, the chairman now directly owns 3,677,913 shares of the company’s stock, valued at approximately $200,115,246.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel Gesua Sive Salvadori sold 96,603 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $56.21, for a total transaction of $5,430,054.63. Following the completion of the transaction, the executive vice president now directly owns 142,082 shares of the company’s stock, valued at $7,986,429.22. The disclosure for this sale can be found here. Insiders have sold a total of 501,172 shares of company stock valued at $27,533,150 over the last three months. Insiders own 0.76% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its holdings in Abbott Laboratories by 19.3% in the 2nd quarter. Advisory Services Network LLC now owns 15,290 shares of the healthcare product maker’s stock valued at $743,000 after purchasing an additional 2,477 shares during the period. Koch Industries Inc. boosted its holdings in Abbott Laboratories by 9,064.8% in the 2nd quarter. Koch Industries Inc. now owns 616,701 shares of the healthcare product maker’s stock valued at $604,000 after purchasing an additional 609,972 shares during the period. Keel Point LLC boosted its holdings in Abbott Laboratories by 2.2% in the 2nd quarter. Keel Point LLC now owns 13,580 shares of the healthcare product maker’s stock valued at $660,000 after purchasing an additional 294 shares during the period. National Asset Management Inc. boosted its holdings in Abbott Laboratories by 2.4% in the 2nd quarter. National Asset Management Inc. now owns 20,413 shares of the healthcare product maker’s stock valued at $993,000 after purchasing an additional 473 shares during the period. Finally, BB&T Investment Services Inc. bought a new position in Abbott Laboratories in the 2nd quarter valued at $2,072,000. 71.19% of the stock is owned by institutional investors.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Abbott Laboratories from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Friday, September 22nd. Barclays increased their price objective on shares of Abbott Laboratories from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, September 28th. Jefferies Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Abbott Laboratories in a research note on Thursday, October 19th. JPMorgan Chase & Co. assumed coverage on shares of Abbott Laboratories in a research note on Friday, October 6th. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, Morgan Stanley upgraded shares of Abbott Laboratories from an “equal weight” rating to an “overweight” rating and set a $67.00 price objective for the company in a research note on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Abbott Laboratories has a consensus rating of “Buy” and an average price target of $60.24.

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About Abbott Laboratories

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Its Established Pharmaceutical Products include a range of branded generic pharmaceuticals manufactured around the world and marketed and sold outside the United States.

Earnings History for Abbott Laboratories (NYSE:ABT)

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