Teva Pharmaceutical Industries Limited (TEVA) Updates FY17 Earnings Guidance
Teva Pharmaceutical Industries Limited (NYSE:TEVA) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.30-4.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.73. The company issued revenue guidance of $22.8-23.2 billion, compared to the consensus revenue estimate of $23.43 billion.
Teva Pharmaceutical Industries Limited (NYSE TEVA) traded down 13.26% during midday trading on Friday, hitting $20.60. 93,317,085 shares of the company were exchanged. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 264.10 and a beta of 0.46. Teva Pharmaceutical Industries Limited has a 1-year low of $20.41 and a 1-year high of $55.79. The stock has a 50 day moving average of $32.05 and a 200-day moving average of $32.28. Teva Pharmaceutical Industries Limited also saw unusually large options trading activity on Thursday. Stock investors purchased 66,716 put options on the stock. This represents an increase of approximately 864% compared to the typical daily volume of 6,922 put options.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) last issued its earnings results on Thursday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.07. Teva Pharmaceutical Industries Limited had a return on equity of 16.38% and a net margin of 1.49%. The company had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts expect that Teva Pharmaceutical Industries Limited will post $4.65 earnings per share for the current year.
Several equities research analysts recently issued reports on TEVA shares. Vetr upgraded shares of Teva Pharmaceutical Industries Limited from a hold rating to a buy rating and set a $33.12 target price on the stock in a report on Tuesday, May 2nd. Deutsche Bank AG dropped their target price on shares of Teva Pharmaceutical Industries Limited from $45.00 to $43.00 and set a buy rating on the stock in a report on Friday, May 12th. CIBC restated a buy rating and issued a $43.00 target price on shares of Teva Pharmaceutical Industries Limited in a report on Friday, April 7th. Oppenheimer Holdings, Inc. set a $43.00 target price on shares of Teva Pharmaceutical Industries Limited and gave the stock a buy rating in a report on Thursday, April 6th. Finally, Citigroup Inc. dropped their target price on shares of Teva Pharmaceutical Industries Limited from $47.00 to $42.00 and set a buy rating on the stock in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $42.06.
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Teva Pharmaceutical Industries Limited Company Profile
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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