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

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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.

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