Q1 2018 EPS Estimates for Mylan (MYL) Increased by Leerink Swann

Mylan (NASDAQ:MYL) – Investment analysts at Leerink Swann increased their Q1 2018 earnings estimates for shares of Mylan in a note issued to investors on Thursday. Leerink Swann analyst A. Fadia now forecasts that the company will post earnings per share of $1.10 for the quarter, up from their previous estimate of $1.09. Leerink Swann currently has a “Market Perform” rating and a $44.00 target price on the stock. Leerink Swann also issued estimates for Mylan’s Q2 2018 earnings at $1.32 EPS, Q3 2018 earnings at $1.42 EPS, FY2018 earnings at $5.40 EPS, FY2021 earnings at $6.84 EPS and FY2022 earnings at $7.62 EPS.

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

Several other equities research analysts have also recently weighed in on MYL. BidaskClub cut Mylan from a “strong-buy” rating to a “buy” rating in a research note on Friday. Citigroup set a $42.00 price target on Mylan and gave the company a “buy” rating in a research note on Wednesday, October 4th. Susquehanna Bancshares reissued a “positive” rating and issued a $55.00 price target (up previously from $47.00) on shares of Mylan in a research note on Thursday. Zacks Investment Research raised Mylan from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Guggenheim began coverage on Mylan in a research note on Tuesday, December 12th. They issued a “buy” rating and a $59.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Mylan has an average rating of “Buy” and a consensus target price of $44.65.

Mylan (NASDAQ MYL) opened at $46.20 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.46 and a quick ratio of 0.95. The company has a market capitalization of $24,780.00, a PE ratio of 27.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. Mylan has a 1 year low of $29.39 and a 1 year high of $47.82.

In related news, CEO Heather M. Bresch sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.00, for a total transaction of $3,375,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its stake in Mylan by 4.0% in the second quarter. Ameriprise Financial Inc. now owns 279,428 shares of the company’s stock valued at $10,844,000 after acquiring an additional 10,861 shares during the period. FMR LLC grew its stake in Mylan by 19.8% in the second quarter. FMR LLC now owns 813,267 shares of the company’s stock valued at $31,572,000 after acquiring an additional 134,258 shares during the period. Suntrust Banks Inc. grew its stake in Mylan by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,184 shares of the company’s stock valued at $355,000 after acquiring an additional 60 shares during the period. Parametric Portfolio Associates LLC grew its stake in Mylan by 87.3% in the second quarter. Parametric Portfolio Associates LLC now owns 835,779 shares of the company’s stock valued at $32,445,000 after acquiring an additional 389,511 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Mylan by 20.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,940,967 shares of the company’s stock valued at $114,171,000 after acquiring an additional 507,098 shares during the period. 75.07% of the stock is owned by institutional investors and hedge funds.

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Mylan Company Profile

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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