FY2019 EPS Estimates for Johnson & Johnson (NYSE:JNJ) Raised by Analyst
Johnson & Johnson (NYSE:JNJ) – Stock analysts at Svb Leerink lifted their FY2019 earnings per share estimates for shares of Johnson & Johnson in a research report issued to clients and investors on Wednesday, October 16th. Svb Leerink analyst D. Antalffy now forecasts that the company will post earnings per share of $8.67 for the year, up from their previous estimate of $8.60. Svb Leerink also issued estimates for Johnson & Johnson’s Q4 2019 earnings at $1.86 EPS, Q1 2020 earnings at $2.38 EPS, Q2 2020 earnings at $2.30 EPS, Q3 2020 earnings at $2.46 EPS, Q4 2020 earnings at $1.97 EPS, FY2020 earnings at $9.12 EPS, FY2021 earnings at $9.96 EPS, FY2022 earnings at $10.91 EPS and FY2023 earnings at $11.91 EPS.
Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings data on Tuesday, October 15th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.12. The business had revenue of $20.73 billion during the quarter, compared to analyst estimates of $20.14 billion. Johnson & Johnson had a net margin of 21.09% and a return on equity of 39.54%. Johnson & Johnson’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS.
NYSE:JNJ opened at $127.70 on Friday. The firm has a market cap of $359.38 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.30 and a beta of 0.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.33. Johnson & Johnson has a fifty-two week low of $121.00 and a fifty-two week high of $148.99. The firm has a 50-day simple moving average of $130.45 and a two-hundred day simple moving average of $134.76.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Monday, November 25th. Johnson & Johnson’s payout ratio is presently 46.45%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its position in Johnson & Johnson by 61.4% in the 1st quarter. First Trust Advisors LP now owns 523,988 shares of the company’s stock worth $73,248,000 after purchasing an additional 199,277 shares during the last quarter. Sphera Funds Management LTD. bought a new position in Johnson & Johnson in the 1st quarter worth approximately $37,044,000. Bath Savings Trust Co raised its position in Johnson & Johnson by 6.2% in the 2nd quarter. Bath Savings Trust Co now owns 42,275 shares of the company’s stock worth $5,888,000 after purchasing an additional 2,479 shares during the last quarter. Cox Capital Mgt LLC raised its position in shares of Johnson & Johnson by 0.6% during the 2nd quarter. Cox Capital Mgt LLC now owns 19,920 shares of the company’s stock valued at $2,774,000 after acquiring an additional 113 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its position in shares of Johnson & Johnson by 1.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 29,643 shares of the company’s stock valued at $4,131,000 after acquiring an additional 372 shares during the last quarter. 72.05% of the stock is currently owned by hedge funds and other institutional investors.
About Johnson & Johnson
Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.
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