Lannett (NYSE:LCI) posted its quarterly earnings results on Wednesday. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.20, Briefing.com reports. Lannett had a net margin of 6.67% and a return on equity of 18.23%. The company had revenue of $184.31 million for the quarter, compared to the consensus estimate of $190.92 million. During the same period last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year.
Lannett (NYSE:LCI) traded down $2.38 during trading hours on Thursday, reaching $18.02. 1,202,308 shares of the company traded hands, compared to its average volume of 664,160. The company has a current ratio of 2.52, a quick ratio of 1.90 and a debt-to-equity ratio of 1.44. Lannett has a twelve month low of $14.90 and a twelve month high of $30.35. The firm has a market cap of $679.54, a P/E ratio of 14.19, a PEG ratio of 1.26 and a beta of 2.51.
In related news, major shareholder David Farber sold 10,000 shares of Lannett stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $25.01, for a total transaction of $250,100.00. Following the sale, the insider now directly owns 4,171,269 shares in the company, valued at approximately $104,323,437.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Arthur P. Bedrosian sold 42,000 shares of Lannett stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $25.50, for a total transaction of $1,071,000.00. Following the sale, the chief executive officer now owns 636,616 shares in the company, valued at $16,233,708. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,578 shares of company stock worth $3,243,757. 14.72% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: “Lannett (LCI) Posts Earnings Results, Beats Expectations By $0.20 EPS” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://sportsperspectives.com/2018/02/08/lannett-lci-posts-earnings-results-beats-expectations-by-0-20-eps.html.
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.
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 MarketBeat.com's FREE daily email newsletter.