Wall Street brokerages expect that GlaxoSmithKline plc (NYSE:GSK) will post $0.64 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for GlaxoSmithKline’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.58. GlaxoSmithKline posted earnings of $0.65 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1.5%. The firm is expected to issue its next earnings results on Wednesday, February 14th.
On average, analysts expect that GlaxoSmithKline will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.76 to $3.00. For the next financial year, analysts expect that the business will report earnings of $2.81 per share, with EPS estimates ranging from $2.72 to $3.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover GlaxoSmithKline.
A number of brokerages have recently issued reports on GSK. Argus dropped their target price on shares of GlaxoSmithKline to $40.00 and set a “buy” rating on the stock in a report on Thursday. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of GlaxoSmithKline in a report on Thursday, September 21st. UBS raised shares of GlaxoSmithKline from a “neutral” rating to a “buy” rating and upped their target price for the company from $35.04 to $35.85 in a report on Monday, November 27th. Zacks Investment Research cut shares of GlaxoSmithKline from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Investec cut shares of GlaxoSmithKline from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. GlaxoSmithKline currently has an average rating of “Hold” and a consensus target price of $39.71.
A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of GlaxoSmithKline by 46.3% during the first quarter. Geode Capital Management LLC now owns 129,145 shares of the pharmaceutical company’s stock worth $5,444,000 after purchasing an additional 40,858 shares during the period. CIBC Asset Management Inc increased its holdings in shares of GlaxoSmithKline by 9.1% during the second quarter. CIBC Asset Management Inc now owns 90,380 shares of the pharmaceutical company’s stock worth $3,865,000 after purchasing an additional 7,570 shares during the period. Bessemer Group Inc. increased its holdings in shares of GlaxoSmithKline by 22.9% during the second quarter. Bessemer Group Inc. now owns 28,734 shares of the pharmaceutical company’s stock worth $1,239,000 after purchasing an additional 5,356 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of GlaxoSmithKline by 7.1% during the second quarter. Stratos Wealth Partners LTD. now owns 22,453 shares of the pharmaceutical company’s stock worth $968,000 after purchasing an additional 1,482 shares during the period. Finally, Rand Wealth LLC increased its holdings in shares of GlaxoSmithKline by 8.0% during the second quarter. Rand Wealth LLC now owns 5,550 shares of the pharmaceutical company’s stock worth $239,000 after purchasing an additional 410 shares during the period. 9.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GlaxoSmithKline (NYSE:GSK) opened at $35.32 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 2.96. The stock has a market cap of $86,863.92, a PE ratio of 12.52, a PEG ratio of 1.96 and a beta of 0.98. GlaxoSmithKline has a fifty-two week low of $34.72 and a fifty-two week high of $44.53.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, November 10th will be issued a $0.5037 dividend. This is a boost from GlaxoSmithKline’s previous quarterly dividend of $0.49. This represents a $2.01 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend is Thursday, November 9th. GlaxoSmithKline’s dividend payout ratio is currently 163.12%.
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GlaxoSmithKline Company Profile
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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