AstraZeneca (NYSE:AZN) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.68. AstraZeneca also updated its FY18 guidance to $3.30-3.50 EPS.
Shares of AstraZeneca stock traded up $1.44 during trading on Thursday, reaching $40.65. The company’s stock had a trading volume of 5,475,700 shares, compared to its average volume of 4,026,371. AstraZeneca has a 52-week low of $31.99 and a 52-week high of $41.28. The stock has a market capitalization of $97.16 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.54 and a current ratio of 0.72.
AstraZeneca (NYSE:AZN) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.38. 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 analysts’ expectations of $5.26 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s revenue was down 14.3% on a year-over-year basis. On average, equities research analysts forecast that AstraZeneca will post 1.67 earnings per share for the current fiscal year.
In other news, major shareholder Plc Astrazeneca purchased 600,000 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was acquired at an average price of $5.00 per share, with a total value of $3,000,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Receive News & Ratings for AstraZeneca Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AstraZeneca and related companies with MarketBeat.com's FREE daily email newsletter.