Catalent (CTLT) Expected to Post Earnings of $0.39 Per Share

Wall Street brokerages expect that Catalent (NYSE:CTLT) will report earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Catalent’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.31. Catalent reported earnings of $0.38 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The company is expected to report its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Catalent will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.50 to $1.73. For the next financial year, analysts anticipate that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.58 to $1.97. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Catalent.

Catalent (NYSE:CTLT) last released its quarterly earnings data on Monday, February 5th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Catalent had a return on equity of 23.85% and a net margin of 3.03%. The business had revenue of $606.30 million for the quarter, compared to analyst estimates of $565.05 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 25.3% compared to the same quarter last year.

CTLT has been the topic of several recent research reports. Zacks Investment Research lowered Catalent from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. First Analysis began coverage on Catalent in a research report on Friday, January 5th. They issued an “equal weight” rating on the stock. KeyCorp upgraded Catalent from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Wednesday, March 28th. Stephens lowered Catalent from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Bank of America increased their target price on Catalent from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.75.

Catalent stock traded down $0.36 during mid-day trading on Friday, hitting $40.15. The company had a trading volume of 249,143 shares, compared to its average volume of 878,536. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 2.66. Catalent has a 12-month low of $27.56 and a 12-month high of $47.87. The firm has a market cap of $5,332.75, a PE ratio of 29.67, a P/E/G ratio of 2.18 and a beta of 1.53.

In other Catalent news, SVP William Downie sold 9,082 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $41.80, for a total value of $379,627.60. Following the transaction, the senior vice president now owns 46,986 shares in the company, valued at approximately $1,964,014.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CTLT. Zions Bancorporation purchased a new position in Catalent in the 3rd quarter valued at $100,000. First Bank & Trust lifted its holdings in Catalent by 54.2% in the 4th quarter. First Bank & Trust now owns 3,764 shares of the company’s stock valued at $155,000 after purchasing an additional 1,323 shares in the last quarter. CAPROCK Group Inc. purchased a new position in Catalent in the 4th quarter valued at $203,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Catalent in the 4th quarter valued at $242,000. Finally, Trexquant Investment LP purchased a new position in Catalent in the 3rd quarter valued at $257,000. Institutional investors own 99.89% of the company’s stock.

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Catalent Company Profile

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through three segments: Softgel Technologies, Drug Delivery Solutions, and Clinical Supply Services. The Softgel Technologies segment offers formulation, development, and manufacturing services for softgels, which are used in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, and unit-dose cosmetics.

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Earnings History and Estimates for Catalent (NYSE:CTLT)

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