Analysts Expect Illumina, Inc. (ILMN) Will Post Earnings of $1.19 Per Share

Wall Street analysts forecast that Illumina, Inc. (NASDAQ:ILMN) will announce $1.19 earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Illumina’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.16. Illumina reported earnings of $0.85 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 40%. The firm is expected to announce its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that Illumina will report full year earnings of $3.76 per share for the current fiscal year, with EPS estimates ranging from $3.73 to $3.82. For the next fiscal year, analysts anticipate that the company will report earnings of $4.51 per share, with EPS estimates ranging from $4.20 to $4.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Illumina.

Illumina (NASDAQ:ILMN) last released its quarterly earnings data on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.12. The firm had revenue of $714.00 million for the quarter, compared to analyst estimates of $692.77 million. Illumina had a return on equity of 19.42% and a net margin of 30.34%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share.

Several analysts have issued reports on the company. BTIG Research assumed coverage on Illumina in a research note on Friday, January 5th. They issued a “neutral” rating on the stock. BidaskClub upgraded Illumina from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. William Blair lowered Illumina from an “outperform” rating to a “market perform” rating in a research note on Friday, January 5th. Evercore ISI assumed coverage on Illumina in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $250.00 price objective on the stock. Finally, Piper Jaffray Companies upped their price objective on Illumina to $274.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $214.38.

Illumina (ILMN) traded up $4.68 during trading hours on Friday, reaching $244.72. The company’s stock had a trading volume of 975,800 shares, compared to its average volume of 900,526. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $35,730.00, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 3.23 and a beta of 0.79. Illumina has a 12-month low of $156.50 and a 12-month high of $245.96.

In other Illumina news, Director Jay T. Flatley sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $210.43, for a total transaction of $4,208,600.00. Following the transaction, the director now owns 539,176 shares in the company, valued at approximately $113,458,805.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marc Stapley sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $205.48, for a total value of $410,960.00. Following the transaction, the executive vice president now owns 30,370 shares in the company, valued at approximately $6,240,427.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,671 shares of company stock worth $29,485,768. 0.89% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ILMN. Federated Investors Inc. PA increased its stake in Illumina by 46.2% during the 2nd quarter. Federated Investors Inc. PA now owns 3,704 shares of the life sciences company’s stock worth $642,000 after acquiring an additional 1,171 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Illumina by 35.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 4,893 shares of the life sciences company’s stock valued at $849,000 after purchasing an additional 1,286 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Illumina in the 2nd quarter valued at $226,000. Eaton Vance Management boosted its holdings in shares of Illumina by 0.5% in the 2nd quarter. Eaton Vance Management now owns 15,927 shares of the life sciences company’s stock valued at $2,764,000 after purchasing an additional 84 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Illumina by 116.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,520 shares of the life sciences company’s stock valued at $264,000 after purchasing an additional 818 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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Illumina Company Profile

Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.

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