West Pharmaceutical Services, Inc. (WST) Expected to Announce Quarterly Sales of $415.53 Million

Analysts expect West Pharmaceutical Services, Inc. (NYSE:WST) to announce sales of $415.53 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for West Pharmaceutical Services’ earnings. The highest sales estimate is $418.00 million and the lowest is $411.50 million. West Pharmaceutical Services reported sales of $382.30 million during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The business is expected to issue its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that West Pharmaceutical Services will report full year sales of $415.53 million for the current financial year. For the next fiscal year, analysts expect that the firm will post sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for West Pharmaceutical Services.

West Pharmaceutical Services (NYSE:WST) last released its quarterly earnings data on Thursday, October 26th. The medical instruments supplier reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14. The company had revenue of $398.20 million during the quarter, compared to the consensus estimate of $386.02 million. West Pharmaceutical Services had a net margin of 12.12% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS.

WST has been the subject of a number of analyst reports. Jefferies Group raised shares of West Pharmaceutical Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $96.00 to $115.00 in a report on Friday, September 15th. Stephens initiated coverage on shares of West Pharmaceutical Services in a report on Tuesday, October 3rd. They set an “equal weight” rating and a $99.00 price objective for the company. Zacks Investment Research raised shares of West Pharmaceutical Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Bank of America downgraded shares of West Pharmaceutical Services from a “buy” rating to a “neutral” rating and set a $98.00 price objective for the company. in a report on Tuesday, October 17th. Finally, Wells Fargo & Co raised their price objective on shares of West Pharmaceutical Services from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. West Pharmaceutical Services has an average rating of “Hold” and an average price target of $106.00.

In related news, CFO William J. Federici sold 21,000 shares of West Pharmaceutical Services stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $99.01, for a total transaction of $2,079,210.00. Following the completion of the transaction, the chief financial officer now directly owns 190,493 shares of the company’s stock, valued at approximately $18,860,711.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in West Pharmaceutical Services by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 108,158 shares of the medical instruments supplier’s stock valued at $10,223,000 after purchasing an additional 2,427 shares during the last quarter. American Century Companies Inc. raised its stake in shares of West Pharmaceutical Services by 0.4% in the second quarter. American Century Companies Inc. now owns 701,364 shares of the medical instruments supplier’s stock worth $66,293,000 after acquiring an additional 2,605 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of West Pharmaceutical Services by 16.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 88,252 shares of the medical instruments supplier’s stock worth $8,342,000 after acquiring an additional 12,609 shares during the last quarter. Chatham Capital Group Inc. raised its stake in shares of West Pharmaceutical Services by 7.8% in the second quarter. Chatham Capital Group Inc. now owns 17,300 shares of the medical instruments supplier’s stock worth $1,635,000 after acquiring an additional 1,245 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of West Pharmaceutical Services by 149.6% in the second quarter. Prudential Financial Inc. now owns 400,270 shares of the medical instruments supplier’s stock worth $37,834,000 after acquiring an additional 239,906 shares during the last quarter. 93.25% of the stock is owned by hedge funds and other institutional investors.

West Pharmaceutical Services (NYSE WST) traded down $0.21 during trading hours on Wednesday, hitting $99.54. 393,357 shares of the stock were exchanged, compared to its average volume of 290,166. The company has a market cap of $7,406.73, a P/E ratio of 39.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. West Pharmaceutical Services has a one year low of $77.97 and a one year high of $103.36. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.15.

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About West Pharmaceutical Services

West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.

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Earnings History and Estimates for West Pharmaceutical Services (NYSE:WST)

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