Catalent Inc (NYSE:CTLT) – Stock analysts at William Blair upped their FY2018 earnings estimates for Catalent in a research note issued on Tuesday. William Blair analyst J. Kreger now expects that the company will post earnings per share of $1.53 for the year, up from their prior forecast of $1.52.

Catalent (NYSE:CTLT) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.31 by $0.10. The business had revenue of $606.30 million during the quarter, compared to analysts’ expectations of $565.05 million. Catalent had a return on equity of 23.85% and a net margin of 3.03%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS.

Several other analysts have also recently commented on the company. ValuEngine raised Catalent from a “hold” rating to a “buy” rating in a report on Wednesday. Bank of America set a $49.00 price target on Catalent and gave the company a “buy” rating in a report on Tuesday. Stephens cut Catalent from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Royal Bank of Canada set a $48.00 price target on Catalent and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Goldman Sachs Group assumed coverage on Catalent in a report on Wednesday, January 24th. They issued a “buy” rating and a $50.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Catalent presently has an average rating of “Buy” and a consensus target price of $45.60.

Catalent (CTLT) traded down $0.11 on Thursday, hitting $40.47. The stock had a trading volume of 1,298,233 shares, compared to its average volume of 1,020,925. The company has a quick ratio of 2.49, a current ratio of 2.22 and a debt-to-equity ratio of 2.66. The firm has a market cap of $5,410.07, a PE ratio of 71.00, a P/E/G ratio of 2.33 and a beta of 1.47. Catalent has a 1-year low of $27.48 and a 1-year high of $47.87.

In other news, Director Uwe Roehrhoff acquired 7,500 shares of Catalent stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $39.22 per share, with a total value of $294,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Chiminski sold 181,458 shares of Catalent stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.62, for a total value of $7,189,365.96. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in shares of Catalent by 755.3% in the fourth quarter. American Century Companies Inc. now owns 2,631,643 shares of the company’s stock worth $108,108,000 after acquiring an additional 2,323,971 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Catalent by 290.9% in the third quarter. Eagle Asset Management Inc. now owns 1,153,710 shares of the company’s stock worth $47,636,000 after acquiring an additional 858,600 shares during the last quarter. Emerald Advisers Inc. PA raised its holdings in shares of Catalent by 1,072.2% in the third quarter. Emerald Advisers Inc. PA now owns 604,207 shares of the company’s stock worth $24,120,000 after acquiring an additional 552,663 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Catalent in the third quarter worth $18,420,000. Finally, State Street Corp raised its holdings in shares of Catalent by 10.7% in the second quarter. State Street Corp now owns 4,315,841 shares of the company’s stock worth $151,488,000 after acquiring an additional 418,196 shares during the last quarter. 98.86% of the stock is owned by hedge funds and other institutional investors.

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About Catalent

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products. Its segments include Softgel Technologies, Drug Delivery Solutions and Clinical Supply Services. The Softgel Technologies segment is engaged in the formulation, development and manufacturing of prescription and consumer health soft capsules or softgels.

Earnings History and Estimates for Catalent (NYSE:CTLT)

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