Gilead Sciences (NASDAQ:GILD – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.35-$6.75 for the period, compared to the consensus EPS estimate of $6.57. The company issued revenue guidance of $24.50 billion-$25.00 billion, compared to the consensus revenue estimate of $24.57 billion. Gilead Sciences also updated its FY22 guidance to $6.35-6.75 EPS.
Gilead Sciences Stock Down 1.3 %
Shares of GILD traded down $0.82 during trading hours on Friday, hitting $61.09. The stock had a trading volume of 6,034,024 shares, compared to its average volume of 9,087,971. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.49 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $61.55 and a 200-day simple moving average of $61.93. The firm has a market capitalization of $76.63 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 0.63 and a beta of 0.34. Gilead Sciences has a 1-year low of $57.17 and a 1-year high of $74.12.
Gilead Sciences Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a $0.73 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.78%. Gilead Sciences’s dividend payout ratio (DPR) is presently 89.02%.
Analyst Ratings Changes
Institutional Trading of Gilead Sciences
Several institutional investors and hedge funds have recently modified their holdings of GILD. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Gilead Sciences by 44.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,642 shares of the biopharmaceutical company’s stock worth $514,000 after buying an additional 2,654 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Gilead Sciences during the 1st quarter worth about $458,000. IHT Wealth Management LLC boosted its stake in shares of Gilead Sciences by 3.8% during the 1st quarter. IHT Wealth Management LLC now owns 7,284 shares of the biopharmaceutical company’s stock worth $433,000 after purchasing an additional 266 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Gilead Sciences by 81.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 7,051 shares of the biopharmaceutical company’s stock worth $419,000 after purchasing an additional 3,167 shares during the period. Finally, Wall Street Access Asset Management LLC lifted its holdings in Gilead Sciences by 5.1% during the 1st quarter. Wall Street Access Asset Management LLC now owns 6,156 shares of the biopharmaceutical company’s stock valued at $366,000 after buying an additional 300 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors.
About Gilead Sciences
Gilead Sciences, Inc, a biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company provides Biktarvy, Genvoya, Descovy, Odefsey, Truvada, Complera/ Eviplera, Stribild, and Atripla products for the treatment of HIV/AIDS; Veklury, an injection for intravenous use, for the treatment of coronavirus disease 2019; and Epclusa, Harvoni, Vosevi, Vemlidy, and Viread for the treatment of liver diseases.
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