West Pharmaceutical Services (WST) Releases FY18 Earnings Guidance

West Pharmaceutical Services (NYSE:WST) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.80-2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.90. The company issued revenue guidance of $1.72-1.73 billion, compared to the consensus revenue estimate of $1.73 billion.

Several research firms have recently weighed in on WST. Goldman Sachs Group began coverage on West Pharmaceutical Services in a research note on Wednesday, January 24th. They set a neutral rating and a $110.00 price objective for the company. Zacks Investment Research lowered West Pharmaceutical Services from a hold rating to a sell rating in a research note on Saturday, January 6th. Finally, Wells Fargo & Co raised their price objective on West Pharmaceutical Services from $105.00 to $112.00 and gave the stock an outperform rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. West Pharmaceutical Services has a consensus rating of Hold and a consensus target price of $108.17.

Shares of West Pharmaceutical Services (WST) opened at $89.82 on Thursday. The stock has a market capitalization of $6,905.52, a price-to-earnings ratio of 40.09, a PEG ratio of 1.97 and a beta of 1.04. West Pharmaceutical Services has a 1-year low of $77.97 and a 1-year high of $103.36. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.15.

West Pharmaceutical Services (NYSE:WST) last released its earnings results on Thursday, February 15th. The medical instruments supplier reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The company had revenue of $415.60 million during the quarter, compared to analyst estimates of $416.90 million. West Pharmaceutical Services had a return on equity of 14.47% and a net margin of 12.12%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. sell-side analysts expect that West Pharmaceutical Services will post 2.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Thursday, January 18th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.62%. West Pharmaceutical Services’s payout ratio is currently 22.31%.

In other news, CFO William J. Federici sold 21,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $99.01, for a total value of $2,079,210.00. Following the completion of the sale, the chief financial officer now owns 190,493 shares in the company, valued at $18,860,711.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

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West Pharmaceutical Services Company Profile

West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.

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