Maybe27 Oct 2020 15:17
GlaxoSmithKline plc (NYSE:GSK) Expected to Earn FY2020 Earnings of $2.94 Per Share
Posted by Darlene League on Oct 27th, 2020 // Comments off
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GlaxoSmithKline plc (NYSE:GSK) – SVB Leerink decreased their FY2020 earnings per share (EPS) estimates for GlaxoSmithKline in a report released on Wednesday, October 21st. SVB Leerink analyst G. Porges now forecasts that the pharmaceutical company will earn $2.94 per share for the year, down from their previous forecast of $2.96. SVB Leerink also issued estimates for GlaxoSmithKline’s FY2023 earnings at $3.46 EPS and FY2024 earnings at $3.67 EPS.
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GlaxoSmithKline (NYSE:GSK) last issued its quarterly earnings results on Wednesday, July 29th. The pharmaceutical company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.60 billion. GlaxoSmithKline had a return on equity of 31.21% and a net margin of 19.03%.
Several other research analysts have also issued reports on the stock. Credit Suisse Group reissued a “neutral” rating on shares of GlaxoSmithKline in a research note on Monday, October 5th. Morgan Stanley reissued an “underweight” rating on shares of GlaxoSmithKline in a research report on Friday, October 9th. UBS Group reaffirmed a “buy” rating on shares of GlaxoSmithKline in a research report on Monday, October 12th. Societe Generale reiterated a “buy” rating on shares of GlaxoSmithKline in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of GlaxoSmithKline in a report on Wednesday, October 21st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.00.
Shares of GSK stock opened at $35.22 on Monday. The firm has a 50 day moving average of $37.61 and a 200-day moving average of $40.13. The company has a market cap of $88.35 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 2.84 and a beta of 0.65. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 1.28. GlaxoSmithKline has a 52 week low of $31.43 and a 52 week high of $48.25.
Several institutional investors have recently bought and sold shares of GSK. Milestone Advisory Partners acquired a new stake in shares of GlaxoSmithKline during the second quarter worth $25,000. Pflug Koory LLC raised its holdings in GlaxoSmithKline by 64.4% in the 3rd quarter. Pflug Koory LLC now owns 781 shares of the pharmaceutical company’s stock worth $29,000 after purchasing an additional 306 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in GlaxoSmithKline during the second quarter worth approximately $31,000. Manches