$795.30 Million in Sales Expected for Elanco Animal Health (NYSE:ELAN) This Quarter

Equities research analysts expect that Elanco Animal Health (NYSE:ELAN) will report sales of $795.30 million for the current quarter, Zacks reports. Two analysts have provided estimates for Elanco Animal Health’s earnings, with estimates ranging from $794.40 million to $796.19 million. Elanco Animal Health reported sales of $799.30 million in the same quarter last year, which indicates a negative year over year growth rate of 0.5%. The business is expected to announce its next earnings results on Wednesday, February 5th.

On average, analysts expect that Elanco Animal Health will report full year sales of $3.08 billion for the current year, with estimates ranging from $3.07 billion to $3.08 billion. For the next financial year, analysts forecast that the firm will report sales of $3.12 billion, with estimates ranging from $3.10 billion to $3.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Elanco Animal Health.

Elanco Animal Health (NYSE:ELAN) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Elanco Animal Health had a return on equity of 7.79% and a net margin of 3.04%. The business had revenue of $771.30 million during the quarter, compared to analysts’ expectations of $765.85 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.

ELAN has been the subject of a number of analyst reports. Barclays initiated coverage on Elanco Animal Health in a report on Monday, September 23rd. They issued an “overweight” rating and a $36.00 price target for the company. Goldman Sachs Group initiated coverage on Elanco Animal Health in a report on Monday, September 9th. They issued a “positive” rating for the company. They noted that the move was a valuation call. ValuEngine upgraded Elanco Animal Health from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Bank of America cut Elanco Animal Health from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Monday, August 26th. Finally, UBS Group decreased their price target on Elanco Animal Health from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.19.

NYSE ELAN traded down $0.39 on Thursday, reaching $26.46. The company had a trading volume of 4,004,726 shares, compared to its average volume of 5,205,029. The firm has a market capitalization of $10.10 billion, a PE ratio of 22.42 and a beta of 0.71. Elanco Animal Health has a 1 year low of $25.25 and a 1 year high of $35.46. The firm has a 50-day moving average of $26.92 and a 200-day moving average of $29.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.12 and a quick ratio of 1.67.

In other Elanco Animal Health news, Director Deborah Turner Kochevar bought 1,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $27.95 per share, with a total value of $27,950.00. Also, Director John P. Bilbrey bought 3,766 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of $26.58 per share, for a total transaction of $100,100.28. Following the completion of the transaction, the director now owns 2,783 shares in the company, valued at $73,972.14. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,994 shares of company stock worth $134,038. 0.04% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Winthrop Partners WNY LLC acquired a new position in shares of Elanco Animal Health in the 3rd quarter valued at approximately $25,000. Institutional & Family Asset Management LLC acquired a new position in shares of Elanco Animal Health in the 3rd quarter valued at approximately $28,000. San Francisco Sentry Investment Group CA raised its position in shares of Elanco Animal Health by 196.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,157 shares of the company’s stock valued at $31,000 after purchasing an additional 767 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Elanco Animal Health during the 2nd quarter valued at approximately $32,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Elanco Animal Health during the 3rd quarter valued at approximately $33,000. 98.65% of the stock is currently owned by institutional investors.

About Elanco Animal Health

Elanco Animal Health Incorporated, an animal health company, develops, manufactures, and markets products for companion and food animals. The company offers companion animal disease prevention products, such as parasiticide products that protect pets from worms, fleas, and ticks; companion animal therapeutics for pain, osteoarthritis, ear infections, cardiovascular, and dermatology indications; vaccines, nutritional enzymes, and animal-only antibiotics; and a range of food animal products used in ruminant and swine production.

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