Wall Street brokers expect Elanco Animal Health Incorporated (NYSE:ELAN – Get a rating) will report sales of $1.22 billion for the current quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for Elanco Animal Health, with the highest sales estimate at $1.23 billion and the lowest estimate at $1.21 billion. Elanco Animal Health reported sales of $1.24 billion in the same quarter last year, suggesting a negative 1.6% year-over-year growth rate. The company is expected to announce its next quarterly results on Friday, May 6.
On average, analysts expect Elanco Animal Health to report annual revenue of $4.78 billion in the current fiscal year, with estimates ranging from $4.77 billion to $4.79 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $4.96 billion, with estimates ranging from $4.90 billion to $5.05 billion. Zacks Investment Research sales averages are an average based on a survey of research analysts who provide coverage for Elanco Animal Health.
Elanco Animal Health (NYSE: ELAN – Get a rating) last released its quarterly results on Wednesday, February 23. The company reported earnings per share of $0.21 for the quarter, beating the Zacks consensus estimate of $0.17 by $0.04. Elanco Animal Health had a positive return on equity of 6.51% and a negative net margin of 9.91%. The company posted revenue of $1.11 billion in the quarter, versus $1.10 billion expected by analysts. During the same period last year, the company posted EPS of $0.12. The company’s revenue was down 2.3% year-over-year.
ELAN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Elanco Animal Health from a “sell” rating to a “hold” rating in a report released Monday. Morgan Stanley kicked off Elanco Animal Health coverage in a Thursday, Nov. 18, report. They set an “overweight” rating and a target price of $40.00 on the stock. Finally, Barclays raised its price target on Elanco Animal Health from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday. Five analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $37.63.
NYSE MOMENTUM opened at $28.94 on Wednesday. The stock has a fifty-day moving average of $26.85 and a 200-day moving average of $30.10. Elanco Animal Health has a 52-week low of $24.15 and a 52-week high of $37.49. The company has a debt ratio of 0.82, a current ratio of 2.32 and a quick ratio of 1.30.
Several institutional investors and hedge funds have recently changed their holdings in ELAN. Bank Julius Baer & Cie AG Zurich increased its equity stake in Elanco Animal Health by 11.2% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 170,942 shares of the company worth $5,451,000 after buying 17,267 additional shares in the last quarter. Dendur Capital LP increased its position in Elanco Animal Health shares by 6.3% during the third quarter. Dendur Capital LP now owns 3,367,829 shares of the company valued at $107,400,000 after purchasing an additional 200,000 shares last quarter. Man Group plc increased its equity stake in Elanco Animal Health by 371.7% during the second quarter. Man Group plc now owns 293,716 shares in the company worth $10,188,000 after acquiring a further 231,454 shares in the last quarter. Truist Financial Corp increased its stake in shares of Elanco Animal Health by 5.2% during the third quarter. Truist Financial Corp now owns 304,861 shares of the company worth $9,722,000 after acquiring 15,098 additional shares in the last quarter. Finally, Senator Investment Group LP increased its stake in shares of Elanco Animal Health by 23.1% during the 3rd quarter. Senator Investment Group LP now owns 3,200,000 shares of the company worth $102,048,000 after acquiring an additional 600,000 shares in the last quarter. Institutional investors hold 97.90% of the company’s shares.
Company Profile Elanco Animal Health (Get a rating)
Elanco Animal Health, Inc is committed to the innovation, development, manufacturing and marketing of pet and consumer animal products. It offers products in the following four categories: Pet Disease Prevention, Pet Therapeutics, Protein and Health of the Future of Food Animals, and Ruminants and Swine for Food Animals. food.
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