Astrazeneca PLC (AZN) Expected to Post Earnings of $0.46 Per Share
Brokerages expect Astrazeneca PLC (NYSE:AZN) to announce earnings of $0.46 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Astrazeneca PLC’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.53. Astrazeneca PLC reported earnings of $1.21 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 62%. The business is expected to report its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Astrazeneca PLC will report full year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.82 to $2.28. For the next fiscal year, analysts expect that the business will post earnings of $1.84 per share, with EPS estimates ranging from $1.67 to $2.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Astrazeneca PLC.
Astrazeneca PLC (NYSE:AZN) last posted its earnings results on Thursday, November 9th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.55. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6 billion. Astrazeneca PLC had a return on equity of 34.02% and a net margin of 15.90%. Astrazeneca PLC’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share.
AZN has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Astrazeneca PLC in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $38.00 price objective on the stock. Sanford C. Bernstein upgraded Astrazeneca PLC from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $39.00 in a research report on Friday, September 22nd. Leerink Swann downgraded Astrazeneca PLC from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $36.00 to $31.00 in a research report on Thursday, July 27th. Natixis upgraded Astrazeneca PLC from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Argus restated a “buy” rating and issued a $35.00 price objective on shares of Astrazeneca PLC in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Astrazeneca PLC currently has a consensus rating of “Hold” and an average price target of $34.20.
Several institutional investors have recently added to or reduced their stakes in AZN. Meeder Asset Management Inc. purchased a new position in shares of Astrazeneca PLC in the 2nd quarter worth about $105,000. WFG Advisors LP grew its stake in shares of Astrazeneca PLC by 36.0% in the second quarter. WFG Advisors LP now owns 3,716 shares of the company’s stock valued at $127,000 after buying an additional 984 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Astrazeneca PLC in the third quarter valued at about $133,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Astrazeneca PLC by 71.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,252 shares of the company’s stock valued at $145,000 after buying an additional 1,769 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Astrazeneca PLC by 18.4% in the second quarter. Quadrant Capital Group LLC now owns 5,437 shares of the company’s stock valued at $147,000 after buying an additional 846 shares in the last quarter. Institutional investors own 14.44% of the company’s stock.
Astrazeneca PLC (AZN) traded up $0.10 during trading on Monday, reaching $33.83. The company’s stock had a trading volume of 1,277,300 shares, compared to its average volume of 4,762,066. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market capitalization of $85,400.85, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 3.19 and a beta of 0.75. Astrazeneca PLC has a 12 month low of $25.55 and a 12 month high of $35.60.
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Astrazeneca PLC Company Profile
AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.
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