West Pharmaceutical Services, Inc. (WST) Expected to Announce Quarterly Sales of $415.53 Million
Brokerages expect West Pharmaceutical Services, Inc. (NYSE:WST) to announce $415.53 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for West Pharmaceutical Services’ earnings, with the lowest sales estimate coming in at $411.50 million and the highest estimate coming in at $418.00 million. West Pharmaceutical Services reported sales of $382.30 million in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 15th.
According to Zacks, analysts expect that West Pharmaceutical Services will report full-year sales of $415.53 million for the current fiscal year. For the next financial year, analysts anticipate that the company will post sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow West Pharmaceutical Services.
West Pharmaceutical Services (NYSE:WST) last announced its quarterly earnings results on Thursday, October 26th. The medical instruments supplier reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. The business had revenue of $398.20 million for the quarter, compared to analyst estimates of $386.02 million. West Pharmaceutical Services had a return on equity of 14.47% and a net margin of 12.12%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS.
Several equities research analysts have recently commented on WST shares. Jefferies Group raised West Pharmaceutical Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $115.00 in a research note on Friday, September 15th. Zacks Investment Research upgraded West Pharmaceutical Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Stephens started coverage on West Pharmaceutical Services in a research report on Tuesday, October 3rd. They set an “equal weight” rating and a $99.00 price objective for the company. Bank of America downgraded West Pharmaceutical Services from a “buy” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research report on Tuesday, October 17th. Finally, Wells Fargo & Company lifted their price objective on West Pharmaceutical Services from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $106.00.
Institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in shares of West Pharmaceutical Services during the 2nd quarter worth approximately $113,000. Citigroup Inc. raised its position in shares of West Pharmaceutical Services by 95.1% during the 2nd quarter. Citigroup Inc. now owns 1,569 shares of the medical instruments supplier’s stock worth $148,000 after purchasing an additional 765 shares during the last quarter. Grandfield & Dodd LLC acquired a new position in shares of West Pharmaceutical Services during the 3rd quarter worth approximately $201,000. Wolverine Trading LLC acquired a new position in shares of West Pharmaceutical Services during the 2nd quarter worth approximately $200,000. Finally, Nomura Holdings Inc. acquired a new position in shares of West Pharmaceutical Services during the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 93.26% of the company’s stock.
Shares of West Pharmaceutical Services (WST) opened at $99.11 on Friday. The company has a market capitalization of $7,360.00, a P/E ratio of 41.53, a PEG ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.87 and a current ratio of 2.59. West Pharmaceutical Services has a 52 week low of $77.97 and a 52 week high of $103.36.
About West Pharmaceutical Services
West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.
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