Zacks: Brokerages Expect Catalent Inc (CTLT) to Post $0.40 Earnings Per Share

Analysts expect Catalent Inc (NYSE:CTLT) to post $0.40 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Catalent’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.31. Catalent posted earnings per share of $0.38 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The business is scheduled to announce its next earnings results on Thursday, May 3rd.

On average, analysts expect that Catalent will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.73. For the next financial year, analysts forecast that the company will post earnings of $1.86 per share, with EPS estimates ranging from $1.58 to $1.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Catalent.

Catalent (NYSE:CTLT) last released its quarterly earnings data on Monday, February 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. Catalent had a return on equity of 23.85% and a net margin of 3.03%. The company had revenue of $606.30 million for the quarter, compared to analyst estimates of $565.05 million. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year.

A number of research firms recently issued reports on CTLT. Goldman Sachs Group began coverage on Catalent in a research note on Wednesday, January 24th. They set a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada set a $48.00 target price on Catalent and gave the stock a “buy” rating in a research note on Monday, February 5th. Stephens lowered Catalent from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Zacks Investment Research upgraded Catalent from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Catalent in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Catalent presently has a consensus rating of “Buy” and an average target price of $45.60.

Shares of Catalent (CTLT) opened at $41.58 on Thursday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.78 and a current ratio of 2.22. Catalent has a one year low of $27.48 and a one year high of $47.87. The stock has a market capitalization of $5,415.41, a price-to-earnings ratio of 72.95, a P/E/G ratio of 2.33 and a beta of 1.47.

In other news, insider John R. Chiminski sold 181,458 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $39.62, for a total transaction of $7,189,365.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Uwe Roehrhoff acquired 7,500 shares of Catalent stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $39.22 per share, for a total transaction of $294,150.00. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. 361 Capital LLC increased its position in shares of Catalent by 18.6% during the 3rd quarter. 361 Capital LLC now owns 70,022 shares of the company’s stock valued at $2,795,000 after purchasing an additional 10,974 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Catalent by 25.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,046,417 shares of the company’s stock valued at $41,773,000 after purchasing an additional 210,296 shares during the last quarter. Sei Investments Co. increased its position in shares of Catalent by 119.1% during the 3rd quarter. Sei Investments Co. now owns 94,216 shares of the company’s stock valued at $3,761,000 after purchasing an additional 51,212 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Catalent during the 3rd quarter valued at about $2,475,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Catalent during the 3rd quarter valued at about $18,420,000. Hedge funds and other institutional investors own 99.82% of the company’s stock.

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Catalent Company Profile

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products. Its segments include Softgel Technologies, Drug Delivery Solutions and Clinical Supply Services. The Softgel Technologies segment is engaged in the formulation, development and manufacturing of prescription and consumer health soft capsules or softgels.

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Earnings History and Estimates for Catalent (NYSE:CTLT)

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