Equities analysts expect China Biologic Products, Inc. (NASDAQ:CBPO) to report earnings of $1.30 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for China Biologic Products’ earnings. China Biologic Products reported earnings of $1.22 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The company is expected to report its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that China Biologic Products will report full-year earnings of $5.02 per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $5.86 per share, with EPS estimates ranging from $5.78 to $5.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover China Biologic Products.
China Biologic Products (NASDAQ:CBPO) last posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The firm had revenue of $89.28 million during the quarter, compared to analysts’ expectations of $97.33 million. China Biologic Products had a net margin of 31.55% and a return on equity of 21.86%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share.
Several research analysts have recently commented on CBPO shares. Zacks Investment Research raised China Biologic Products from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub lowered China Biologic Products from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of China Biologic Products in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $137.50.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its stake in China Biologic Products by 35.9% in the first quarter. First Trust Advisors LP now owns 11,561 shares of the biopharmaceutical company’s stock worth $1,158,000 after buying an additional 3,053 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in China Biologic Products by 9.3% in the first quarter. UBS Asset Management Americas Inc. now owns 198,220 shares of the biopharmaceutical company’s stock worth $19,848,000 after buying an additional 16,933 shares in the last quarter. Geode Capital Management LLC boosted its stake in China Biologic Products by 15.4% in the first quarter. Geode Capital Management LLC now owns 14,309 shares of the biopharmaceutical company’s stock worth $1,432,000 after buying an additional 1,906 shares in the last quarter. Morgan Stanley boosted its stake in China Biologic Products by 157.5% in the first quarter. Morgan Stanley now owns 124,621 shares of the biopharmaceutical company’s stock worth $12,478,000 after buying an additional 76,229 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in China Biologic Products by 70.0% in the first quarter. Renaissance Technologies LLC now owns 249,000 shares of the biopharmaceutical company’s stock worth $24,932,000 after buying an additional 102,504 shares in the last quarter. 72.82% of the stock is owned by institutional investors.
China Biologic Products (CBPO) opened at 81.27 on Wednesday. The stock has a 50 day moving average of $93.15 and a 200-day moving average of $103.13. The company has a market cap of $2.21 billion, a PE ratio of 21.15 and a beta of 1.75. China Biologic Products has a 12-month low of $79.92 and a 12-month high of $125.99.
China Biologic Products Company Profile
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