Lannett (LCI) to Release Quarterly Earnings on Tuesday

Lannett (NYSE:LCI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, January 30th.

Lannett (NYSE:LCI) last released its quarterly earnings results on Monday, November 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Lannett had a return on equity of 18.23% and a net margin of 6.67%. The firm had revenue of $155.00 million for the quarter, compared to analyst estimates of $153.62 million. During the same quarter last year, the company posted $0.77 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. On average, analysts expect Lannett to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Lannett (NYSE:LCI) opened at $23.05 on Tuesday. The company has a current ratio of 2.52, a quick ratio of 1.90 and a debt-to-equity ratio of 1.44. Lannett has a twelve month low of $14.90 and a twelve month high of $30.35. The stock has a market capitalization of $867.09, a PE ratio of 8.55, a P/E/G ratio of 1.49 and a beta of 2.85.

In other Lannett news, major shareholder David Farber sold 10,000 shares of Lannett stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $25.03, for a total value of $250,300.00. Following the sale, the insider now owns 4,211,069 shares of the company’s stock, valued at approximately $105,403,057.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arthur P. Bedrosian sold 7,422 shares of Lannett stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $25.20, for a total value of $187,034.40. Following the completion of the sale, the chief executive officer now directly owns 679,001 shares in the company, valued at approximately $17,110,825.20. The disclosure for this sale can be found here. Insiders sold a total of 140,000 shares of company stock worth $3,681,091 in the last ninety days. 14.72% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Lannett from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Oppenheimer reissued a “hold” rating on shares of Lannett in a report on Monday, December 11th. ValuEngine raised Lannett from a “hold” rating to a “buy” rating in a report on Saturday, November 25th. Finally, BMO Capital Markets lifted their price objective on Lannett from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.60.

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Lannett Company Profile

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company manufactures and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

Earnings History for Lannett (NYSE:LCI)

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