Eli Lilly and Co (NYSE:LLY) – Analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for shares of Eli Lilly and in a note issued to investors on Thursday. SunTrust Banks analyst J. Boris now expects that the company will post earnings of $4.91 per share for the year, up from their prior estimate of $4.82. SunTrust Banks also issued estimates for Eli Lilly and’s FY2019 earnings at $5.41 EPS, FY2020 earnings at $6.16 EPS and FY2022 earnings at $7.39 EPS.
Eli Lilly and (NYSE:LLY) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $5.93 billion. Eli Lilly and had a negative net margin of 0.89% and a positive return on equity of 31.44%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share.
Eli Lilly and (LLY) opened at $76.23 on Monday. The company has a market cap of $83,936.48, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.39 and a beta of 0.23. Eli Lilly and has a one year low of $73.69 and a one year high of $89.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.38.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.25 annualized dividend and a yield of 2.95%. This is a boost from Eli Lilly and’s previous quarterly dividend of $0.52. Eli Lilly and’s payout ratio is -1,039.95%.
In related news, insider Donald A. Zakrowski sold 900 shares of Eli Lilly and stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.09, for a total value of $72,981.00. Following the sale, the insider now owns 4,130 shares in the company, valued at $334,901.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Susan Mahony sold 36,585 shares of Eli Lilly and stock in a transaction on Monday, December 4th. The shares were sold at an average price of $86.18, for a total transaction of $3,152,895.30. Following the completion of the sale, the senior vice president now owns 54,885 shares in the company, valued at approximately $4,729,989.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 259,610 shares of company stock worth $22,727,406. 0.20% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Airain ltd bought a new stake in shares of Eli Lilly and during the 2nd quarter valued at $567,000. Buckingham Asset Management LLC boosted its holdings in shares of Eli Lilly and by 21.3% during the 2nd quarter. Buckingham Asset Management LLC now owns 3,232 shares of the company’s stock valued at $266,000 after buying an additional 568 shares in the last quarter. BSW Wealth Partners boosted its holdings in shares of Eli Lilly and by 0.6% during the 2nd quarter. BSW Wealth Partners now owns 4,774 shares of the company’s stock valued at $393,000 after buying an additional 27 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Eli Lilly and by 5.3% during the 2nd quarter. Mirador Capital Partners LP now owns 12,280 shares of the company’s stock valued at $1,011,000 after buying an additional 619 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Eli Lilly and by 166.7% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 430,424 shares of the company’s stock valued at $36,818,000 after buying an additional 269,038 shares in the last quarter. Hedge funds and other institutional investors own 76.20% of the company’s stock.
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About Eli Lilly and
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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