GlaxoSmithKline (NYSE:GSK) announced its earnings results on Wednesday. The pharmaceutical company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.03, Morningstar.com reports. GlaxoSmithKline had a return on equity of 115.30% and a net margin of 7.79%. The company had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $9.89 billion.
GlaxoSmithKline (GSK) traded up $0.92 during trading hours on Thursday, reaching $36.95. The company’s stock had a trading volume of 2,023,564 shares, compared to its average volume of 5,173,329. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $91,350.00, a PE ratio of 42.94, a PEG ratio of 2.31 and a beta of 0.98. GlaxoSmithKline has a twelve month low of $34.52 and a twelve month high of $44.53.
A number of equities analysts recently commented on GSK shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of GlaxoSmithKline in a report on Wednesday, October 18th. Zacks Investment Research raised GlaxoSmithKline from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, October 18th. Bank of America cut GlaxoSmithKline from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. TheStreet raised GlaxoSmithKline from a “c+” rating to a “b” rating in a report on Wednesday, October 25th. Finally, Investec cut GlaxoSmithKline from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.57.
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GlaxoSmithKline Company Profile
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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