Merck & Company, Inc. (NYSE:MRK) – Stock analysts at SunTrust Banks cut their Q4 2017 earnings estimates for shares of Merck & in a research note issued to investors on Sunday. SunTrust Banks analyst J. Boris now anticipates that the company will post earnings of $0.98 per share for the quarter, down from their previous estimate of $1.08. SunTrust Banks also issued estimates for Merck &’s FY2018 earnings at $4.12 EPS, FY2019 earnings at $4.44 EPS, FY2020 earnings at $4.92 EPS and FY2021 earnings at $5.52 EPS.
Merck & (NYSE:MRK) last released its quarterly earnings results on Friday, July 28th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.14. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Merck & had a return on equity of 26.02% and a net margin of 17.14%. Merck &’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS.
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Several other research firms have also issued reports on MRK. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $74.00 price target (up from $70.00) on shares of Merck & in a research report on Thursday, July 27th. Citigroup Inc. set a $65.00 price target on shares of Merck & and gave the company a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Merck & from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Friday, May 26th. BidaskClub lowered shares of Merck & from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $70.00 price target on shares of Merck & and gave the company a “buy” rating in a research report on Saturday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $69.80.
Merck & (MRK) traded up 0.47% during trading on Wednesday, reaching $62.47. The company’s stock had a trading volume of 3,403,276 shares. Merck & has a 52-week low of $58.29 and a 52-week high of $66.80. The stock’s 50-day moving average is $63.46 and its 200 day moving average is $63.80. The firm has a market capitalization of $170.38 billion, a price-to-earnings ratio of 33.82 and a beta of 0.80.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 14th. Merck &’s payout ratio is currently 76.11%.
A number of institutional investors have recently added to or reduced their stakes in MRK. PagnatoKarp Partners LLC increased its position in Merck & by 7.5% in the second quarter. PagnatoKarp Partners LLC now owns 9,263 shares of the company’s stock worth $598,000 after buying an additional 649 shares during the last quarter. D.A. Davidson & CO. increased its position in Merck & by 4.4% in the second quarter. D.A. Davidson & CO. now owns 443,191 shares of the company’s stock worth $28,404,000 after buying an additional 18,766 shares during the last quarter. Pinebridge Investments L.P. increased its position in Merck & by 12.3% in the second quarter. Pinebridge Investments L.P. now owns 500,502 shares of the company’s stock worth $32,077,000 after buying an additional 55,017 shares during the last quarter. GSA Capital Partners LLP increased its position in Merck & by 32.2% in the second quarter. GSA Capital Partners LLP now owns 14,784 shares of the company’s stock worth $948,000 after buying an additional 3,604 shares during the last quarter. Finally, Abbot Financial Management Inc. bought a new position in Merck & during the second quarter worth about $2,183,000. 73.73% of the stock is owned by institutional investors.
Merck & Company Profile
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.
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