Brokers Offer Predictions for Shire PLC’s FY2018 Earnings (SHPG)
Shire PLC (NASDAQ:SHPG) – Equities researchers at SunTrust Banks cut their FY2018 earnings per share (EPS) estimates for shares of Shire PLC in a research note issued to investors on Tuesday. SunTrust Banks analyst J. Boris now forecasts that the firm will post earnings of $18.74 per share for the year, down from their previous forecast of $18.78. SunTrust Banks also issued estimates for Shire PLC’s FY2019 earnings at $23.72 EPS.
Shire PLC (NASDAQ:SHPG) last posted its quarterly earnings data on Tuesday, August 2nd. The biopharmaceutical company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.35. Shire PLC had a return on equity of 17.70% and a net margin of 13.19%. The business earned $2.43 million during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm earned $2.63 EPS. The firm’s revenue was up 55.9% compared to the same quarter last year.
Other equities analysts have also recently issued research reports about the company. Piper Jaffray Cos. set a $201.00 target price on Shire PLC and gave the stock a “hold” rating in a report on Saturday, October 1st. Leerink Swann reiterated a “buy” rating on shares of Shire PLC in a report on Saturday, October 1st. Jefferies Group reiterated a “buy” rating on shares of Shire PLC in a report on Friday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Shire PLC in a report on Wednesday, June 15th. Finally, BTIG Research reiterated a “buy” rating and set a $230.00 target price on shares of Shire PLC in a report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Shire PLC currently has a consensus rating of “Buy” and an average target price of $232.75.
Shire PLC (NASDAQ:SHPG) traded up 0.49% during trading on Friday, reaching $194.50. The company’s stock had a trading volume of 615,786 shares. The firm’s 50-day moving average is $195.56 and its 200-day moving average is $187.04. The stock has a market cap of $57.93 billion, a P/E ratio of 40.42 and a beta of 1.16. Shire PLC has a 52-week low of $147.60 and a 52-week high of $231.32.
The firm also recently disclosed a dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 9th were paid a $0.139 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. Shire PLC’s dividend payout ratio is 15.63%.
Several hedge funds have recently modified their holdings of SHPG. Quadrant Capital Group LLC boosted its stake in shares of Shire PLC by 157.6% in the second quarter. Quadrant Capital Group LLC now owns 608 shares of the biopharmaceutical company’s stock valued at $101,000 after buying an additional 372 shares in the last quarter. Canal Insurance CO acquired a new stake in shares of Shire PLC during the second quarter valued at $102,000. FTB Advisors Inc. boosted its stake in shares of Shire PLC by 3.1% in the second quarter. FTB Advisors Inc. now owns 600 shares of the biopharmaceutical company’s stock valued at $110,000 after buying an additional 18 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of Shire PLC during the second quarter valued at $111,000. Finally, Ropes Wealth Advisors LLC acquired a new stake in shares of Shire PLC during the second quarter valued at $114,000. 24.26% of the stock is currently owned by institutional investors.
Shire PLC Company Profile
Shire plc is a biotech company. The Company, along with its subsidiaries, is engaged in developing and marketing medicines for patients with rare diseases and other select conditions. The Company operates in the segment of research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines.
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