Teva Pharmaceutical Industries (TEVA) Releases FY18 Earnings Guidance

Teva Pharmaceutical Industries (NYSE:TEVA) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.25-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.99. The company issued revenue guidance of $18.3-18.8 billion, compared to the consensus revenue estimate of $19.36 billion.

Several brokerages have issued reports on TEVA. Piper Jaffray Companies downgraded Teva Pharmaceutical Industries from a neutral rating to an underweight rating and set a $11.00 price target for the company. in a report on Friday. Gabelli downgraded Teva Pharmaceutical Industries from a buy rating to a hold rating and set a $19.00 price target for the company. in a report on Friday. Deutsche Bank set a $18.00 price objective on Teva Pharmaceutical Industries and gave the stock a hold rating in a research report on Friday. Oppenheimer reiterated a hold rating on shares of Teva Pharmaceutical Industries in a research report on Thursday. Finally, Maxim Group reiterated a hold rating on shares of Teva Pharmaceutical Industries in a research report on Thursday. Ten equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $21.15.

Teva Pharmaceutical Industries (NYSE:TEVA) opened at $18.61 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.66. Teva Pharmaceutical Industries has a 12-month low of $10.85 and a 12-month high of $37.94. The company has a market capitalization of $19,300.00, a price-to-earnings ratio of -1.15, a P/E/G ratio of 1.35 and a beta of 0.59.

Teva Pharmaceutical Industries (NYSE:TEVA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14. Teva Pharmaceutical Industries had a positive return on equity of 14.52% and a negative net margin of 72.66%. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the business earned $1.38 earnings per share. Teva Pharmaceutical Industries’s revenue was down 15.9% on a year-over-year basis. analysts expect that Teva Pharmaceutical Industries will post 2.75 EPS for the current fiscal year.

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Teva Pharmaceutical Industries Company Profile

Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.

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