Leerink Swann Equities Analysts Increase Earnings Estimates for AstraZeneca plc (AZN)

AstraZeneca plc (NYSE:AZN) – Equities researchers at Leerink Swann increased their FY2019 earnings per share estimates for shares of AstraZeneca in a report released on Thursday. Leerink Swann analyst S. Fernandez now forecasts that the company will earn $1.87 per share for the year, up from their prior estimate of $1.84. Leerink Swann has a “Market Perform” rating and a $36.00 price objective on the stock. Leerink Swann also issued estimates for AstraZeneca’s FY2020 earnings at $2.19 EPS and FY2021 earnings at $2.69 EPS.

Several other equities analysts have also issued reports on AZN. Zacks Investment Research raised shares of AstraZeneca from a “sell” rating to a “hold” rating in a report on Monday. Cowen reissued a “hold” rating and set a $37.00 price objective on shares of AstraZeneca in a report on Tuesday, October 17th. Credit Suisse Group raised shares of AstraZeneca from a “neutral” rating to an “outperform” rating in a report on Monday, October 16th. BMO Capital Markets set a $38.00 price objective on shares of AstraZeneca and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, BNP Paribas raised shares of AstraZeneca from a “neutral” rating to an “outperform” rating in a report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.48.

Shares of AstraZeneca (AZN) traded up $0.37 during mid-day trading on Monday, reaching $35.44. 2,527,300 shares of the company traded hands, compared to its average volume of 3,250,638. The stock has a market capitalization of $88,700.00, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. AstraZeneca has a 12 month low of $26.51 and a 12 month high of $35.92.

AstraZeneca (NYSE:AZN) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.55. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6 billion. AstraZeneca had a net margin of 15.90% and a return on equity of 34.02%. AstraZeneca’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share.

Several large investors have recently bought and sold shares of AZN. Russell Investments Group Ltd. lifted its stake in shares of AstraZeneca by 198.9% during the third quarter. Russell Investments Group Ltd. now owns 1,856,140 shares of the company’s stock worth $62,883,000 after buying an additional 1,235,239 shares during the period. Sector Gamma AS acquired a new stake in shares of AstraZeneca during the third quarter worth $25,094,000. Janus Henderson Group PLC lifted its stake in shares of AstraZeneca by 5,754.0% during the third quarter. Janus Henderson Group PLC now owns 726,599 shares of the company’s stock worth $24,617,000 after buying an additional 714,187 shares during the period. Voya Investment Management LLC lifted its stake in shares of AstraZeneca by 38.2% during the second quarter. Voya Investment Management LLC now owns 2,395,465 shares of the company’s stock worth $81,661,000 after buying an additional 662,481 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of AstraZeneca by 103.1% during the third quarter. Point72 Asset Management L.P. now owns 1,224,939 shares of the company’s stock worth $41,501,000 after buying an additional 621,831 shares during the period. Institutional investors and hedge funds own 14.76% of the company’s stock.

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About AstraZeneca

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

Earnings History and Estimates for AstraZeneca (NYSE:AZN)

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