Bristol-Myers Squibb (BMY) Earning Somewhat Positive Media Coverage, Analysis Shows

Headlines about Bristol-Myers Squibb (NYSE:BMY) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Bristol-Myers Squibb earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the biopharmaceutical company an impact score of 45.385220113195 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Bristol-Myers Squibb (BMY) traded up $0.46 during mid-day trading on Thursday, hitting $62.47. The stock had a trading volume of 5,066,489 shares, compared to its average volume of 5,460,000. Bristol-Myers Squibb has a 12-month low of $46.01 and a 12-month high of $66.10. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.47. The stock has a market cap of $102,240.00, a PE ratio of 24.59, a P/E/G ratio of 2.22 and a beta of 1.18.

Bristol-Myers Squibb (NYSE:BMY) last posted its quarterly earnings data on Thursday, October 26th. The biopharmaceutical company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). Bristol-Myers Squibb had a net margin of 20.56% and a return on equity of 32.41%. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. equities analysts forecast that Bristol-Myers Squibb will post 2.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 5th will be given a dividend of $0.40 per share. This is a boost from Bristol-Myers Squibb’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, January 4th. Bristol-Myers Squibb’s payout ratio is presently 62.99%.

Several research analysts have issued reports on the company. Zacks Investment Research cut Bristol-Myers Squibb from a “hold” rating to a “sell” rating in a research report on Tuesday. Vetr cut Bristol-Myers Squibb from a “hold” rating to a “sell” rating and set a $59.70 target price on the stock. in a research report on Thursday, December 28th. BMO Capital Markets set a $49.00 target price on Bristol-Myers Squibb and gave the stock a “sell” rating in a research report on Monday, December 11th. Citigroup set a $72.00 target price on Bristol-Myers Squibb and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, SunTrust Banks raised Bristol-Myers Squibb from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.05.

In other news, EVP Thomas J. Jr. Lynch sold 5,300 shares of Bristol-Myers Squibb stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $63.24, for a total transaction of $335,172.00. Following the transaction, the executive vice president now directly owns 9,251 shares of the company’s stock, valued at approximately $585,033.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sandra Leung sold 156,582 shares of Bristol-Myers Squibb stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $63.37, for a total value of $9,922,601.34. Following the sale, the executive vice president now directly owns 584,373 shares in the company, valued at approximately $37,031,717.01. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

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About Bristol-Myers Squibb

Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. The Company’s pharmaceutical products include chemically synthesized drugs, or small molecules, and products produced from biological processes called biologics.

Insider Buying and Selling by Quarter for Bristol-Myers Squibb (NYSE:BMY)

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