Endo International (NASDAQ:ENDP) Issues FY 2021 Earnings Guidance

Endo International (NASDAQ:ENDP) (TSE:ENL) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $2.800-$2.850 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.330. The company issued revenue guidance of $2.90 billion-$2.94 billion, compared to the consensus revenue estimate of $2.79 billion.

Shares of NASDAQ:ENDP traded down $0.06 on Thursday, hitting $6.05. The company’s stock had a trading volume of 3,065,905 shares, compared to its average volume of 6,679,024. The company has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $4.46. Endo International has a 1 year low of $1.94 and a 1 year high of $10.89. The company has a market capitalization of $1.41 billion, a PE ratio of 21.61 and a beta of 1.21.

Endo International (NASDAQ:ENDP) (TSE:ENL) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.34. The firm had revenue of $772.03 million for the quarter, compared to analysts’ expectations of $667.94 million. Endo International had a negative return on equity of 108.42% and a net margin of 2.30%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. Sell-side analysts anticipate that Endo International will post 2.84 earnings per share for the current year.

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on Endo International from $6.00 to $5.00 and set a sector perform rating on the stock in a research report on Monday, August 9th. Piper Sandler lowered Endo International from an overweight rating to a neutral rating and reduced their price objective for the company from $10.00 to $3.00 in a research report on Tuesday, August 31st. Finally, Zacks Investment Research upgraded Endo International from a hold rating to a buy rating and set a $4.75 price objective on the stock in a research report on Tuesday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $6.96.

An institutional investor recently raised its position in Endo International stock. Bank of New York Mellon Corp increased its stake in shares of Endo International plc (NASDAQ:ENDP) (TSE:ENL) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,163,896 shares of the company’s stock after acquiring an additional 97,708 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.93% of Endo International worth $7,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 79.45% of the stock is owned by hedge funds and other institutional investors.

About Endo International

Endo International Plc operates as a pharmaceutical company. It focuses on developing, manufacturing, and distributing of branded and generic pharmaceutical products. The firm operates through the following segments: Branded Pharmaceuticals, Sterile Injectables, Generic Pharmaceuticals and International Pharmaceuticals.

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Earnings History and Estimates for Endo International (NASDAQ:ENDP)

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