Analysts expect that Eli Lilly and Company (NYSE:LLY) will report $1.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Eli Lilly and’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.11. Eli Lilly and reported earnings of $0.95 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The firm is expected to announce its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Eli Lilly and will report full year earnings of $4.21 per share for the current fiscal year, with EPS estimates ranging from $4.13 to $4.25. For the next financial year, analysts forecast that the business will report earnings of $4.64 per share, with EPS estimates ranging from $4.50 to $4.84. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Eli Lilly and.
Eli Lilly and (NYSE:LLY) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Eli Lilly and had a net margin of 9.90% and a return on equity of 30.27%. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year.
A number of research firms recently issued reports on LLY. Morgan Stanley set a $86.00 price target on shares of Eli Lilly and and gave the stock a “hold” rating in a research note on Friday, October 6th. Leerink Swann increased their price target on shares of Eli Lilly and from $92.00 to $93.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. BMO Capital Markets set a $73.00 price target on shares of Eli Lilly and and gave the stock a “sell” rating in a research note on Tuesday, October 24th. Credit Suisse Group downgraded shares of Eli Lilly and from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $84.23 to $88.00 in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $95.00 price objective (up previously from $92.00) on shares of Eli Lilly and in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $89.76.
In related news, major shareholder Lilly Endowment Inc sold 180,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $81.06, for a total value of $14,590,800.00. Following the sale, the insider now owns 123,865,804 shares in the company, valued at $10,040,562,072.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 770,000 shares of company stock worth $64,669,850 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of LLY. BlackRock Inc. raised its position in Eli Lilly and by 2,628.5% in the first quarter. BlackRock Inc. now owns 62,260,488 shares of the company’s stock worth $5,236,731,000 after acquiring an additional 59,978,664 shares during the period. Janus Henderson Group PLC raised its position in Eli Lilly and by 7,093.5% in the second quarter. Janus Henderson Group PLC now owns 9,353,275 shares of the company’s stock worth $769,774,000 after acquiring an additional 9,223,251 shares during the period. Dodge & Cox raised its position in Eli Lilly and by 22,094.9% in the second quarter. Dodge & Cox now owns 5,991,952 shares of the company’s stock worth $493,138,000 after acquiring an additional 5,964,955 shares during the period. Renaissance Technologies LLC raised its position in Eli Lilly and by 91.1% in the second quarter. Renaissance Technologies LLC now owns 5,694,905 shares of the company’s stock worth $468,691,000 after acquiring an additional 2,714,505 shares during the period. Finally, Vanguard Group Inc. raised its position in Eli Lilly and by 3.3% in the first quarter. Vanguard Group Inc. now owns 68,597,006 shares of the company’s stock worth $5,769,694,000 after acquiring an additional 2,181,701 shares during the period. Institutional investors own 75.68% of the company’s stock.
Eli Lilly and (NYSE LLY) opened at $83.99 on Friday. Eli Lilly and has a one year low of $64.18 and a one year high of $89.09. The stock has a market cap of $92,503.00, a PE ratio of 20.54, a P/E/G ratio of 1.85 and a beta of 0.34. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.66.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.48%. The ex-dividend date is Tuesday, November 14th. Eli Lilly and’s dividend payout ratio is currently 98.58%.
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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