Teva Pharmaceutical Industries (NYSE:TEVA) Issues FY 2024 Earnings Guidance

Teva Pharmaceutical Industries (NYSE:TEVAGet Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.400-2.500 for the period, compared to the consensus EPS estimate of 2.450. The company issued revenue guidance of $16.1 billion-$16.5 billion, compared to the consensus revenue estimate of $16.3 billion. Teva Pharmaceutical Industries also updated its FY24 guidance to $2.40-2.50 EPS.

Analysts Set New Price Targets

A number of equities analysts have commented on TEVA shares. StockNews.com upgraded shares of Teva Pharmaceutical Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of Teva Pharmaceutical Industries from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Barclays upped their target price on shares of Teva Pharmaceutical Industries from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group increased their target price on shares of Teva Pharmaceutical Industries from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teva Pharmaceutical Industries presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Read Our Latest Research Report on Teva Pharmaceutical Industries

Teva Pharmaceutical Industries Stock Performance

Shares of TEVA stock opened at $17.10 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $19.37 billion, a PE ratio of -20.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. The firm has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $17.10. Teva Pharmaceutical Industries has a 12 month low of $8.55 and a 12 month high of $19.31.

Teva Pharmaceutical Industries (NYSE:TEVAGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Teva Pharmaceutical Industries had a positive return on equity of 41.43% and a negative net margin of 5.73%. Analysts forecast that Teva Pharmaceutical Industries will post 2.34 EPS for the current fiscal year.

Teva Pharmaceutical Industries Company Profile

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Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic medicines, specialty medicines, and biopharmaceutical products in North America, Europe, Israel, and internationally. It offers generic medicines in various dosage forms, such as tablets, capsules, injectables, inhalants, liquids, transdermal patches, ointments, and creams; sterile products, hormones, high-potency drugs, and cytotoxic substances in parenteral and solid dosage forms; and generic products with medical devices and combination products.

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Earnings History and Estimates for Teva Pharmaceutical Industries (NYSE:TEVA)

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