Novartis AG (NVS) Expected to Post Earnings of $1.24 Per Share

Brokerages predict that Novartis AG (NYSE:NVS) will post earnings per share (EPS) of $1.24 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Novartis’ earnings. The lowest EPS estimate is $1.20 and the highest is $1.28. Novartis reported earnings per share of $1.28 during the same quarter last year, which would suggest a negative year over year growth rate of 3.1%. The company is expected to report its next quarterly earnings report on Thursday, April 18th.

According to Zacks, analysts expect that Novartis will report full-year earnings of $5.43 per share for the current financial year, with EPS estimates ranging from $5.22 to $5.60. For the next year, analysts anticipate that the firm will report earnings of $6.01 per share, with EPS estimates ranging from $5.73 to $6.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Novartis.

Novartis (NYSE:NVS) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.09). The business had revenue of $13.27 billion during the quarter, compared to analyst estimates of $13.33 billion. Novartis had a return on equity of 15.66% and a net margin of 24.30%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS.

NVS has been the subject of several research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Novartis in a research note on Thursday, October 18th. Wolfe Research initiated coverage on shares of Novartis in a research note on Tuesday, October 23rd. They issued an “outperform” rating for the company. Goldman Sachs Group upgraded shares of Novartis from a “neutral” rating to a “conviction-buy” rating in a research note on Friday, November 16th. Cowen upgraded shares of Novartis from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Monday, November 26th. Finally, Barclays downgraded shares of Novartis from an “equal weight” rating to a “sell” rating in a research note on Friday, December 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $90.94.

Hedge funds have recently modified their holdings of the stock. Raymond James Trust N.A. grew its stake in shares of Novartis by 41.8% during the third quarter. Raymond James Trust N.A. now owns 47,271 shares of the company’s stock worth $4,072,000 after purchasing an additional 13,938 shares in the last quarter. Bourgeon Capital Management LLC grew its stake in shares of Novartis by 5.3% during the third quarter. Bourgeon Capital Management LLC now owns 69,463 shares of the company’s stock worth $5,985,000 after purchasing an additional 3,490 shares in the last quarter. Ipswich Investment Management Co. Inc. grew its stake in shares of Novartis by 17.0% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 29,463 shares of the company’s stock worth $2,528,000 after purchasing an additional 4,278 shares in the last quarter. Patton Albertson Miller Group LLC acquired a new position in shares of Novartis during the third quarter worth $211,000. Finally, Blair William & Co. IL grew its stake in shares of Novartis by 0.8% during the third quarter. Blair William & Co. IL now owns 174,778 shares of the company’s stock worth $15,059,000 after purchasing an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 10.99% of the company’s stock.

NYSE:NVS opened at $88.85 on Wednesday. The firm has a market capitalization of $204.67 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.20 and a quick ratio of 0.97. Novartis has a 52 week low of $72.30 and a 52 week high of $92.39.

The company also recently announced an annual dividend, which will be paid on Wednesday, March 13th. Investors of record on Tuesday, March 5th will be paid a dividend of $2.8646 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a dividend yield of 3.27%. This is an increase from Novartis’s previous annual dividend of $2.33. Novartis’s payout ratio is presently 37.52%.

Novartis Company Profile

Novartis AG researches, develops, manufactures, and markets healthcare products worldwide. The company's Innovative Medicines segment offers patented prescription medicines for patients and healthcare providers. It also provides ophthalmology, neuroscience, immunology, hepatology and dermatology, respiratory, cardio-metabolic, and established medicine products.

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Earnings History and Estimates for Novartis (NYSE:NVS)

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