Teva Pharmaceutical Industries (TEVA) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Teva Pharmaceutical Industries (NYSE:TEVA) announced its earnings results on Thursday. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.14, Morningstar.com reports. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Teva Pharmaceutical Industries had a positive return on equity of 15.70% and a negative net margin of 24.35%. Teva Pharmaceutical Industries’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Teva Pharmaceutical Industries updated its FY18 guidance to $2.25-2.50 EPS.
Shares of Teva Pharmaceutical Industries (TEVA) traded down $0.03 on Friday, hitting $18.61. The company’s stock had a trading volume of 21,758,602 shares, compared to its average volume of 20,338,289. The company has a market capitalization of $19,300.00, a price-to-earnings ratio of -3.17, a PEG ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.66 and a current ratio of 0.96. Teva Pharmaceutical Industries has a 52-week low of $10.85 and a 52-week high of $37.94.
Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives bought a new stake in shares of Teva Pharmaceutical Industries in the third quarter valued at $571,000. Korea Investment CORP raised its stake in shares of Teva Pharmaceutical Industries by 14.3% in the third quarter. Korea Investment CORP now owns 244,774 shares of the company’s stock valued at $4,308,000 after buying an additional 30,674 shares during the period. Private Capital Management Inc. raised its stake in shares of Teva Pharmaceutical Industries by 51.3% in the third quarter. Private Capital Management Inc. now owns 26,100 shares of the company’s stock valued at $459,000 after buying an additional 8,850 shares during the period. Financial Counselors Inc. raised its stake in shares of Teva Pharmaceutical Industries by 28.8% in the third quarter. Financial Counselors Inc. now owns 181,130 shares of the company’s stock valued at $3,188,000 after buying an additional 40,531 shares during the period. Finally, Lockheed Martin Investment Management Co. bought a new stake in shares of Teva Pharmaceutical Industries in the third quarter valued at $317,000. Hedge funds and other institutional investors own 51.99% of the company’s stock.
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Teva Pharmaceutical Industries 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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