Analysts Anticipate Iqvia Holdings Inc (IQV) to Announce $1.34 EPS

Brokerages predict that Iqvia Holdings Inc (NYSE:IQV) will post earnings of $1.34 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Iqvia’s earnings. The lowest EPS estimate is $1.31 and the highest is $1.38. Iqvia posted earnings of $1.09 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that Iqvia will report full-year earnings of $4.62 per share for the current year, with EPS estimates ranging from $4.59 to $4.66. For the next fiscal year, analysts anticipate that the company will post earnings of $5.35 per share, with EPS estimates ranging from $5.15 to $5.53. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Iqvia.

Several analysts have weighed in on the company. Mizuho set a $97.00 price objective on Iqvia and gave the company a “hold” rating in a research report on Wednesday, January 24th. SunTrust Banks reiterated a “hold” rating and issued a $110.00 price objective on shares of Iqvia in a research report on Monday, January 22nd. Zacks Investment Research downgraded Iqvia from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Evercore ISI assumed coverage on Iqvia in a research report on Thursday, January 18th. They issued an “outperform” rating and a $112.00 price objective for the company. Finally, Mitsubishi UFJ Financial Group assumed coverage on Iqvia in a research report on Friday, December 15th. They issued a “neutral” rating and a $112.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Iqvia presently has a consensus rating of “Buy” and a consensus target price of $109.71.

Shares of Iqvia (NYSE:IQV) opened at $98.21 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 1.22. Iqvia has a 12-month low of $75.94 and a 12-month high of $110.67. The firm has a market capitalization of $20,395.29, a P/E ratio of 338.67, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.

In other news, Director John Connaughton sold 1,163,191 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $102.00, for a total transaction of $118,645,482.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ari Bousbib sold 46,080 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $101.79, for a total value of $4,690,483.20. The disclosure for this sale can be found here. Insiders have sold 8,727,078 shares of company stock worth $890,124,079 over the last three months. Insiders own 6.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Winslow Evans & Crocker Inc. purchased a new stake in Iqvia in the fourth quarter worth $123,000. IFP Advisors Inc purchased a new stake in Iqvia in the fourth quarter worth $200,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Iqvia in the fourth quarter worth $209,000. Atria Investments LLC purchased a new stake in Iqvia in the fourth quarter worth $218,000. Finally, First Quadrant L P CA purchased a new stake in Iqvia in the fourth quarter worth $221,000. 95.79% of the stock is currently owned by institutional investors.

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About Iqvia

IQVIA Holdings Inc, formerly Quintiles IMS Holdings, Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.

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