Teva Pharma Q4 Profit Beats Estimates; Reaffirms 2017 Non-GAAP Guidance

The stock touched its high share price of $59.35 on Mar 11, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Feb 8, 2017 as $31.9. (NASDAQ:EBAY) for the next year 5 years is 7.32 percent (per annum), as compared to -4.33 percent (per annum) in the past 5 years. Teva Pharmaceutical Industries Limited's revenue was up 15.3% compared to the same quarter past year. However its lowest revenue estimates are $6B and highest revenue estimates are $6.42B. Sanford C. Bernstein set a $42.00 price target on Teva Pharmaceutical Industries Limited and gave the company a buy rating in a research report on Tuesday, February 7th.

Teva reiterated its 2017 prediction of EPS in the range of $4.90 - $5.30 on $23.8 billion - $24.5 billion revenue. Bridge Creek Capital Management LLC now owns 20,604 shares of the company's stock valued at $1,035,000 after buying an additional 1,765 shares during the last quarter. The company's revenue for the quarter was up 33.0% on a year-over-year basis.

Teva earned $1.38 per share excluding one-time items in the quarter, up from $1.28. On average, equities research analysts predict that Teva Pharmaceutical Industries Limited will post $5.11 earnings per share for the current year. The stock recently closed its previous session at $34 by showing a percentage change of 5.62% from its previous day closing price of $32.19. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.29 by $0.02. The firm has a market cap of $34.51 billion, a P/E ratio of 19.78 and a beta of 0.58.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Maxim Group decreased their price objective on shares of Teva Pharmaceutical Industries Limited from $41.00 to $40.00 and set a "hold" rating on the stock in a research report on Monday. Barclays PLC restated an "equal weight" rating and set a $46.00 price objective on shares of Teva Pharmaceutical Industries Limited in a research report on Wednesday, November 30th.

"We are here to fix what is not working, we will leave no stone unturned", interim CEO Yitzhak Peterburg said on Monday after the company reported higher than expected fourth-quarter earnings. Sales for the fourth quarter increased 33 to $6.5 billion, compared with analysts' forecast of $6.24 billion, primarily due to the inclusion of $630 million from the Actavis Generics acquisition. Teva Pharmaceutical Industries Ltd (ADR) was Downgraded by Wells Fargo to Market Perform on Jan 9, 2017. Teva Pharmaceutical Industries Limited presently has a consensus rating of "Buy" and an average target price of $53.73.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Thursday, March 2nd will be issued a $0.34 dividend. If you are accessing this piece of content on another website, it was stolen and republished in violation of United States and global trademark and copyright law.

The stock now has its Annual Dividend of $1.36 and an annual Dividend Yield of 4 Percent. Boston Private Wealth LLC's holdings in Teva Pharmaceutical Industries Limited were worth $312,000 as of its most recent SEC filing.

Among analysts and investors, a widespread belief is that Teva could split in two-one side, the company's generics business, the other, its branded drug company. "While we continue to manage through a turbulent and constantly evolving industry, we are committed to execute against our strategy with more diversified revenue sources and profit streams, all backed by strong product development engines in both generics and specialty".

Global sales of Copaxone rose 6 percent in the quarter to $1.0 billion.

Related news:

Hot News

isis-killer-beheading-video-story-top Harrison Ford Involved in 'Potentially Serious' Passenger Plane Incident
Feb 15, 2017 - 00:50
However, Ford actually landed on a taxiway, flying over a passenger plane for an unknown amount of time. However, for now, it has been confirmed that Ford is safe, and unharmed, which is definitely good news.

isis-killer-beheading-video-story-top Verizon Joins the Unlimited Data War of 2017
Feb 14, 2017 - 00:47
Pricing for Verizon's unlimited data plan is reasonable, starting at $80 per month, including unlimited talk and text. It has been trying to push longtime customers off its old unlimited plans, which it killed in 2012, with rate hikes.

isis-killer-beheading-video-story-top Trump says U.S. behind Japan 100% following N.Korea missile test
Feb 14, 2017 - 00:46
Earlier reports had said that North Korea had placed two unidentified missiles on mobile launchers for apparent test-firing. Experts suggest the tests are programmed for shorter distances to avoid a missile landing on Japan.

isis-killer-beheading-video-story-top Germany to elect new president, Steinmeier as frontrunner
Feb 14, 2017 - 00:44
The social-democrat will on 18 March succeed President Joachim Gauck, who for health reasons did not stand for re-election. Steinmeier's election to a five-year term came as no surprise.

isis-killer-beheading-video-story-top Trump blasts Mark Cuban in early morning tweet; Cuban dismisses
Feb 13, 2017 - 00:59
Cuban included his very public response to Trump saying he had potential, but warned, "You need to dig in and know your shit". The first email , which Cuban sent congratulating Trump, contained a short reply from the future president.

Ogilvy makes impressive move at Pebble Beach
Feb 13, 2017 - 00:58
It was a further stroke back to two-time victor Dustin Johnson and unheralded Kelly Kraft, Americans who posted 65s for 205. The 23-year-old is now ranked sixth in the world on the PGA Tour, according to ESPN .

isis-killer-beheading-video-story-top Erdogan: Turkish army aims to cleanse Raqqa from ISIL
Feb 13, 2017 - 00:55
One of them said government forces had moved towards their positions in tanks. "After al-Bab we will not stop". On August 24, the Turkish military and allied rebel factions launched Operation Euphrates Shield .

Winter storm could drop a foot of snow on Northeast US
Feb 12, 2017 - 00:59
Schools and government offices are closed and the Rhode Island General Assembly canceled its session on Thursday, reports WPRI. By Thursday morning, 9 inches of snow had fallen at La Guardia Airport, while parts of New Jersey had up to 6.5 inches of snow.

isis-killer-beheading-video-story-top 'Fifty Shades Darker' movie review; Erotic flick that went totally wrong
Feb 12, 2017 - 00:53
Fifty Shades of Grey made $85 million in its first weekend in 2015 and went on to rake in $571 million globally. The New York Times said the film was "Fifty Shades Darker and only half as watchable" as its predecessor.

isis-killer-beheading-video-story-top Lawmaker introduces bill to repeal HB2
Feb 12, 2017 - 00:50
Brockman, who is bisexual, is one of only two openly LGBT lawmakers in the General Assembly. But the bill might not get a hearing in the Republican-dominated legislature.

Google confirms merging YouTube & Play Music teams for 'best possible product'
Feb 11, 2017 - 00:48
Youtube Go v 0.26.67 comes with an install size of 6.77 MB, and app size of 8.5 MB and runs on Android Jellybean 4.1 and above. Previously available in a very limited private testing phase, YouTube Go is now in open beta.

isis-killer-beheading-video-story-top Toyota adds rugged, sport trims to 2018 RAV4, Tundra, Sequoia
Feb 11, 2017 - 00:47
Buyers will also be offered heated front seats, a heated steering wheel, and wiper de-icer package, all as optional extras. It will be at the 2017 Chicago Auto Show, but we won't see the 2018 Tundra until September.

Arizona woman deported to Mexico despite complying with immigration officials
Feb 11, 2017 - 00:47
Then the administration of President Barack Obama changed its priorities on immigration and she was allowed to stay, they said . It's likely that by Thursday morning, Garcia de Rayos had completed processing and was in Mexico - away from home and family.

TJ Maxx Tells Employees to Discard Ivanka Merchandise Signs
Feb 10, 2017 - 02:09
Shortly after the Nordstrom tweet was sent from Trump's personal account, it was retweeted by the official @POTUS Twitter handle. Nordstrom said that it cuts about 10 percent of brands each year over performance issues.

isis-killer-beheading-video-story-top Steve Popper: Waiting for a real answer from Phil Jackson
Feb 10, 2017 - 02:07
The true answer may be revealed before Feb 23 when the trade deadline ends, according to the National Basketball Association . "[Jackson's] underestimating 'Melo's willingness to stay", a source familiar with Anthony's thinking told The Vertical .