William Blair Comments on Illumina, Inc.’s FY2017 Earnings (ILMN)
Illumina, Inc. (NASDAQ:ILMN) – Analysts at William Blair raised their FY2017 earnings per share (EPS) estimates for shares of Illumina in a report released on Monday. William Blair analyst A. Murphy now anticipates that the life sciences company will post earnings per share of $3.73 for the year, up from their previous forecast of $3.62. William Blair also issued estimates for Illumina’s Q3 2018 earnings at $1.19 EPS.
Several other analysts have also recently commented on ILMN. Barclays PLC reiterated an “equal weight” rating and issued a $150.00 target price on shares of Illumina in a report on Wednesday, August 9th. Vetr upgraded Illumina from a “hold” rating to a “buy” rating and set a $209.78 target price on the stock in a report on Wednesday, August 9th. BidaskClub upgraded Illumina from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and issued a $200.00 target price on shares of Illumina in a report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $200.00 target price on shares of Illumina in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Illumina currently has a consensus rating of “Hold” and a consensus price target of $200.88.
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Shares of Illumina (NASDAQ:ILMN) opened at $210.67 on Tuesday. Illumina has a twelve month low of $119.37 and a twelve month high of $214.50. The company has a market capitalization of $30,516.92, a P/E ratio of 61.12, a P/E/G ratio of 3.45 and a beta of 0.74. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41.
Illumina (NASDAQ:ILMN) last announced its earnings results on Tuesday, October 24th. The life sciences company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Illumina had a return on equity of 19.42% and a net margin of 30.34%. The business had revenue of $714.00 million for the quarter, compared to analysts’ expectations of $692.77 million. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the business. First Citizens Bank & Trust Co. grew its stake in Illumina by 0.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 3,088 shares of the life sciences company’s stock valued at $536,000 after purchasing an additional 12 shares during the period. Puzo Michael J grew its stake in Illumina by 0.4% in the 2nd quarter. Puzo Michael J now owns 5,955 shares of the life sciences company’s stock valued at $1,032,000 after purchasing an additional 25 shares during the period. Flagship Harbor Advisors LLC grew its stake in Illumina by 1.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,046 shares of the life sciences company’s stock valued at $345,000 after purchasing an additional 35 shares during the period. Broderick Brian C grew its stake in Illumina by 0.3% in the 2nd quarter. Broderick Brian C now owns 13,152 shares of the life sciences company’s stock valued at $2,282,000 after purchasing an additional 40 shares during the period. Finally, Nordea Investment Management AB grew its stake in Illumina by 0.6% in the 2nd quarter. Nordea Investment Management AB now owns 6,798 shares of the life sciences company’s stock valued at $1,180,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.
In related news, Director Jay T. Flatley sold 20,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $211.11, for a total value of $4,222,200.00. Following the completion of the sale, the director now directly owns 539,176 shares of the company’s stock, valued at approximately $113,825,445.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Oene Mark Van sold 9,729 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $211.33, for a total value of $2,056,029.57. Following the completion of the sale, the senior vice president now directly owns 24,908 shares of the company’s stock, valued at $5,263,807.64. The disclosure for this sale can be found here. Insiders sold a total of 172,446 shares of company stock valued at $35,486,114 over the last three months. 0.89% of the stock is currently owned by insiders.
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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