Brokerages expect that Teva Pharmaceutical Industries Limited (NYSE:TEVA) will announce earnings per share (EPS) of $0.80 for the current quarter, according to Zacks. Five analysts have made estimates for Teva Pharmaceutical Industries’ earnings, with estimates ranging from $0.73 to $1.00. Teva Pharmaceutical Industries reported earnings of $1.38 per share in the same quarter last year, which indicates a negative year over year growth rate of 42%. The firm is scheduled to report its next quarterly earnings report on Monday, February 12th.
According to Zacks, analysts expect that Teva Pharmaceutical Industries will report full year earnings of $3.84 per share for the current year, with EPS estimates ranging from $3.78 to $3.88. For the next fiscal year, analysts expect that the company will post earnings of $2.78 per share, with EPS estimates ranging from $2.34 to $3.02. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Teva Pharmaceutical Industries.
A number of analysts have recently issued reports on TEVA shares. TheStreet cut shares of Teva Pharmaceutical Industries from a “c-” rating to a “d+” rating in a research note on Friday, August 25th. ValuEngine cut shares of Teva Pharmaceutical Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Evercore ISI set a $38.00 price objective on shares of Teva Pharmaceutical Industries and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Cantor Fitzgerald set a $17.00 target price on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Credit Suisse Group lowered shares of Teva Pharmaceutical Industries from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $25.00 to $13.00 in a research report on Wednesday, August 23rd. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Teva Pharmaceutical Industries has a consensus rating of “Hold” and a consensus target price of $21.65.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.34 annualized dividend and a dividend yield of 2.12%. Teva Pharmaceutical Industries’s dividend payout ratio (DPR) is presently -12.10%.
Institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives bought a new stake in shares of Teva Pharmaceutical Industries in the 3rd quarter worth about $571,000. Korea Investment CORP increased its stake in Teva Pharmaceutical Industries by 14.3% in the 3rd quarter. Korea Investment CORP now owns 244,774 shares of the company’s stock worth $4,308,000 after buying an additional 30,674 shares during the period. Financial Counselors Inc. increased its stake in Teva Pharmaceutical Industries by 5.7% in the 2nd quarter. Financial Counselors Inc. now owns 140,599 shares of the company’s stock worth $4,671,000 after buying an additional 7,571 shares during the period. Private Capital Management Inc. increased its stake in Teva Pharmaceutical Industries by 51.3% in the 3rd quarter. Private Capital Management Inc. now owns 26,100 shares of the company’s stock worth $459,000 after buying an additional 8,850 shares during the period. Finally, Lockheed Martin Investment Management Co. purchased a new position in Teva Pharmaceutical Industries in the 3rd quarter worth about $317,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.
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Teva Pharmaceutical Industries Company Profile
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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