Oppenheimer restated their hold rating on shares of Lannett (NYSE:LCI) in a research report report published on Monday. Oppenheimer also issued estimates for Lannett’s Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $3.16 EPS, FY2019 earnings at $2.77 EPS, FY2020 earnings at $2.40 EPS, FY2021 earnings at $2.39 EPS and FY2022 earnings at $2.32 EPS.

LCI has been the topic of a number of other research reports. ValuEngine upgraded Lannett from a hold rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Lannett from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research note on Monday. Deutsche Bank reduced their target price on Lannett from $23.00 to $19.00 and set a hold rating on the stock in a report on Monday, August 14th. BMO Capital Markets reaffirmed a market perform rating and issued a $20.00 target price (down previously from $26.00) on shares of Lannett in a report on Thursday, August 24th. Finally, Roth Capital set a $27.00 target price on Lannett and gave the company a buy rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Lannett presently has an average rating of Hold and an average price target of $23.60.

Lannett (NYSE:LCI) opened at $28.10 on Monday. The firm has a market capitalization of $1,089.52, a P/E ratio of 10.74, a PEG ratio of 1.90 and a beta of 2.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.90 and a current ratio of 2.52. Lannett has a 52 week low of $14.90 and a 52 week high of $30.35.

Lannett (NYSE:LCI) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Lannett had a return on equity of 18.23% and a net margin of 6.67%. The firm had revenue of $155.00 million for the quarter, compared to analyst estimates of $153.62 million. During the same quarter last year, the company earned $0.77 EPS. The company’s revenue was down 4.1% on a year-over-year basis. research analysts expect that Lannett will post 3.04 EPS for the current year.

In related news, CEO Arthur P. Bedrosian sold 50,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $26.75, for a total transaction of $1,337,500.00. Following the sale, the chief executive officer now owns 636,616 shares of the company’s stock, valued at approximately $17,029,478. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Arthur P. Bedrosian sold 7,422 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $25.20, for a total value of $187,034.40. Following the sale, the chief executive officer now directly owns 679,001 shares in the company, valued at approximately $17,110,825.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,816 shares of company stock worth $3,425,471. Company insiders own 14.72% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LCI. JPMorgan Chase & Co. lifted its holdings in Lannett by 296.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 306,106 shares of the company’s stock worth $5,678,000 after buying an additional 228,947 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in Lannett by 20.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,010,232 shares of the company’s stock worth $18,639,000 after buying an additional 171,751 shares during the period. Vanguard Group Inc. lifted its holdings in Lannett by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,901,885 shares of the company’s stock worth $59,198,000 after buying an additional 168,454 shares during the period. Russell Investments Group Ltd. lifted its holdings in Lannett by 27.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 669,298 shares of the company’s stock worth $12,349,000 after buying an additional 142,278 shares during the period. Finally, Heartland Advisors Inc. lifted its holdings in Lannett by 20.0% during the 2nd quarter. Heartland Advisors Inc. now owns 600,000 shares of the company’s stock worth $12,240,000 after buying an additional 100,000 shares during the period. 97.27% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Lannett’s (LCI) “Hold” Rating Reiterated at Oppenheimer” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/lannetts-lci-hold-rating-reiterated-at-oppenheimer/1765497.html.

About Lannett

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company manufactures and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

Analyst Recommendations for Lannett (NYSE:LCI)

Receive News & Ratings for Lannett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lannett and related companies with Analyst Ratings Network's FREE daily email newsletter.