Illumina, Inc. (NASDAQ:ILMN) – Analysts at William Blair raised their Q4 2018 earnings estimates for Illumina in a research note issued to investors on Tuesday. William Blair analyst A. Murphy now expects that the life sciences company will earn $1.25 per share for the quarter, up from their prior estimate of $1.24. William Blair currently has a “Market Perform” rating on the stock.
Illumina (NASDAQ:ILMN) last announced its quarterly earnings data on Tuesday, January 30th. The life sciences company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.22. The business had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $752.04 million. Illumina had a return on equity of 21.52% and a net margin of 26.56%. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share.
Shares of Illumina (NASDAQ:ILMN) traded up $1.30 during trading hours on Wednesday, reaching $221.74. The company’s stock had a trading volume of 354,452 shares, compared to its average volume of 1,065,865. The stock has a market capitalization of $32,260.00, a PE ratio of 44.98, a price-to-earnings-growth ratio of 2.92 and a beta of 0.92. Illumina has a 1-year low of $158.02 and a 1-year high of $248.97. The company has a quick ratio of 3.55, a current ratio of 3.99 and a debt-to-equity ratio of 0.42.
Institutional investors have recently bought and sold shares of the stock. Financial Gravity Companies Inc. purchased a new stake in Illumina during the fourth quarter valued at $106,000. SeaCrest Wealth Management LLC purchased a new stake in Illumina during the fourth quarter valued at $154,000. Dupont Capital Management Corp purchased a new stake in Illumina during the third quarter valued at $153,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Illumina by 113.9% during the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the life sciences company’s stock valued at $168,000 after acquiring an additional 410 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Illumina by 13.0% during the second quarter. Advisory Services Network LLC now owns 772 shares of the life sciences company’s stock valued at $134,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.
In related news, SVP Charles Dadswell sold 145 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $225.33, for a total transaction of $32,672.85. Following the completion of the sale, the senior vice president now owns 6,388 shares in the company, valued at $1,439,408.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marc Stapley sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $216.87, for a total value of $433,740.00. Following the sale, the executive vice president now owns 27,952 shares of the company’s stock, valued at approximately $6,061,950.24. The disclosure for this sale can be found here. Insiders sold 114,440 shares of company stock valued at $25,318,904 in the last 90 days. Company insiders own 0.89% of the company’s stock.
Illumina Company Profile
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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