AstraZeneca (NYSE:AZN) released its quarterly earnings data on Thursday. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.38, Briefing.com reports. AstraZeneca had a net margin of 11.98% and a return on equity of 29.89%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the firm earned $1.12 EPS. AstraZeneca’s revenue for the quarter was down 14.3% on a year-over-year basis. AstraZeneca updated its FY 2018 guidance to $3.30-3.50 EPS and its FY18 guidance to $3.30-3.50 EPS.
Shares of NYSE:AZN opened at $40.65 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 1.08. AstraZeneca has a one year low of $31.99 and a one year high of $41.28. The firm has a market capitalization of $97.16 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 2.05 and a beta of 0.57.
Several brokerages have commented on AZN. ValuEngine raised shares of AstraZeneca from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Zacks Investment Research raised shares of AstraZeneca from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Guggenheim began coverage on shares of AstraZeneca in a report on Monday, October 8th. They issued a “buy” rating for the company. Wolfe Research began coverage on shares of AstraZeneca in a report on Tuesday, October 23rd. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group downgraded shares of AstraZeneca from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.34.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its holdings in shares of AstraZeneca by 3.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 37,631 shares of the company’s stock worth $1,322,000 after acquiring an additional 1,293 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of AstraZeneca by 11.5% during the 2nd quarter. Signaturefd LLC now owns 13,000 shares of the company’s stock worth $456,000 after acquiring an additional 1,343 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of AstraZeneca by 8.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 17,611 shares of the company’s stock worth $618,000 after acquiring an additional 1,396 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of AstraZeneca by 5.9% during the 3rd quarter. Greenleaf Trust now owns 26,606 shares of the company’s stock worth $1,053,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Green Square Capital LLC lifted its holdings in shares of AstraZeneca by 12.3% during the 2nd quarter. Green Square Capital LLC now owns 14,233 shares of the company’s stock worth $500,000 after acquiring an additional 1,558 shares during the last quarter. 16.10% of the stock is owned by institutional investors.
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AstraZeneca PLC discovers, develops, and commercializes prescription medicines for the treatment of oncology, cardiovascular and metabolic, respiratory, gastrointestinal, neuroscience, and infection diseases worldwide. Its marketed products include Arimidex, Casodex/Cosudex, Calquence, Faslodex, Imfinzi, Iressa, Lynparza, Nolvadex, Tagrisso, and Zoladex for oncology diseases; Atacand1/Atacand HCT/Atacand Plus, Brilinta/Brilique, Crestor2, Plendil, Seloken/Toprol-XL4, Tenormin5, and Zestril6 for cardiovascular diseases; and Bydureon, Byetta, Farxiga/Forxiga, Kombiglyze XR, Komboglyze, Onglyza, Qtern, Symlin, Xigduo, and Xigduo XR for metabolic diseases.
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