Eli Lilly and Company Common St (NYSE:LLY):
Lilly Reports Third-Quarter 2016 Results.
The company is so far trading down from yesterday’s close of $76.16.
Additionally the company announced a dividend payable on Friday the 9th of December 2016. The dividend payment will be $0.510 per share for the quarter which is $2.04 annualized. This dividend represents a yeild of $2.62 which is the dividend as a percentage of the current share price. The ex-dividend date will be Thursday August 11th, 2016.
Company shares last traded at $74.53 just a bit lower than $79.52, the 50 day moving average and which is just under the 200 day moving average of $78.09. The 50 day moving average went down by -6.28% whereas the 200 day average was down by -4.56%.
The P/E ratio is 32.42 and the market value is 79.06B. As of the latest earnings report the EPS was $2.30 and is expected to be $3.56 for the current year with 1,060,786,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.91 and the next full year EPS is projected to be $4.01.
A few investment firms have provided guidance on Eli Lilly and Company Common St of late. On September 8 the company was rated “Overweight” by JP Morgan up from the previous “Neutral” rating. On May 2 Leerink Swann held the stock rating at “Outperform” and moved up the price target from $90.00 to $91.00.
May 1 investment analysts at Credit Suisse held the company rating at “Outperform” but lowered the price expectation to $91.00 from $105.00. Societe Generale released its first research report on the stock with an initial rating of “Hold”.
March 15 investment analysts at Jefferies made no change to the company rating of “Buy” and lowered the price expectation to $105.00 from $110.00. December 28 investment analysts at Leerink Partners maintained a stock rating of “Outperform” and raised the price target from $93.00 to $95.00.