Equities Analysts Issue Forecasts for Mylan’s Q1 2018 Earnings (MYL)
Mylan (NASDAQ:MYL) – Equities research analysts at Leerink Swann issued their Q1 2018 earnings per share (EPS) estimates for Mylan in a note issued to investors on Tuesday. Leerink Swann analyst A. Fadia anticipates that the company will post earnings per share of $1.09 for the quarter. Leerink Swann has a “Market Perform” rating and a $44.00 price target on the stock. Leerink Swann also issued estimates for Mylan’s Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.56 EPS and FY2022 earnings at $7.84 EPS.
Several other research firms also recently weighed in on MYL. Citigroup restated a “buy” rating and issued a $58.00 price target (up previously from $48.00) on shares of Mylan in a research note on Thursday. Cantor Fitzgerald set a $41.00 price target on Mylan and gave the stock a “hold” rating in a research note on Tuesday, December 26th. BidaskClub upgraded Mylan from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 19th. Guggenheim began coverage on Mylan in a research note on Tuesday, December 12th. They issued a “buy” rating and a $59.00 price target on the stock. Finally, Mizuho restated a “buy” rating and issued a $37.00 price target on shares of Mylan in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $43.20.
Shares of Mylan (MYL) opened at $44.54 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.46 and a quick ratio of 0.95. The firm has a market capitalization of $23,770.00, a P/E ratio of 26.83, a P/E/G ratio of 2.78 and a beta of 1.38. Mylan has a 52 week low of $29.39 and a 52 week high of $45.87.
Mylan (NASDAQ:MYL) last posted its quarterly earnings results on Monday, November 6th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.10). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mylan had a return on equity of 20.63% and a net margin of 7.28%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Greenlight Capital Inc. boosted its stake in shares of Mylan by 0.4% in the 3rd quarter. Greenlight Capital Inc. now owns 10,744,307 shares of the company’s stock worth $337,048,000 after buying an additional 42,600 shares during the last quarter. Wealthsource Partners LLC boosted its stake in shares of Mylan by 57.6% in the 3rd quarter. Wealthsource Partners LLC now owns 14,705 shares of the company’s stock worth $461,000 after buying an additional 5,375 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Mylan in the 3rd quarter worth $471,000. Cypress Capital Group boosted its stake in shares of Mylan by 37.7% in the 3rd quarter. Cypress Capital Group now owns 13,079 shares of the company’s stock worth $410,000 after buying an additional 3,579 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Mylan by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,129,978 shares of the company’s stock worth $35,447,000 after buying an additional 45,822 shares during the last quarter. Institutional investors and hedge funds own 74.90% of the company’s stock.
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Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.
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