Johnson & Johnson (NYSE:JNJ) Releases FY17 Earnings Guidance

Johnson & Johnson (NYSE:JNJ) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.25-7.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.18. The company issued revenue guidance of $76.1-76.5 billion, compared to the consensus revenue estimate of $75.84 billion.

Shares of Johnson & Johnson (NYSE JNJ) traded down 0.02% on Friday, reaching $141.78. The company’s stock had a trading volume of 5,140,654 shares. Johnson & Johnson has a 1-year low of $109.32 and a 1-year high of $144.35. The stock has a 50-day moving average of $134.68 and a 200 day moving average of $131.18. The stock has a market capitalization of $380.54 billion, a PE ratio of 24.66 and a beta of 0.78.

Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.68%. The firm had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts forecast that Johnson & Johnson will post $7.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.37%. Johnson & Johnson’s payout ratio is currently 58.33%.

Several equities research analysts recently commented on the stock. Vetr upgraded shares of Johnson & Johnson from a sell rating to a hold rating and set a $137.71 target price on the stock in a research report on Monday. Barclays PLC raised their price target on shares of Johnson & Johnson from $140.00 to $148.00 and gave the stock an equal weight rating in a report on Wednesday, October 18th. BMO Capital Markets restated a positive rating and set a $152.00 price target (up previously from $145.00) on shares of Johnson & Johnson in a report on Wednesday, October 18th. Credit Suisse Group set a $154.00 price target on shares of Johnson & Johnson and gave the stock an outperform rating in a report on Thursday, October 19th. Finally, Citigroup Inc. raised their price target on shares of Johnson & Johnson from $140.00 to $149.00 and gave the stock a buy rating in a report on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $143.70.

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A number of institutional investors and hedge funds have recently modified their holdings of JNJ. Harding Loevner LP purchased a new stake in Johnson & Johnson in the second quarter worth approximately $106,000. IHT Wealth Management LLC boosted its stake in Johnson & Johnson by 46.4% in the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after buying an additional 3,467 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Johnson & Johnson in the second quarter worth approximately $124,000. Lenox Wealth Management Inc. boosted its stake in Johnson & Johnson by 1.7% in the second quarter. Lenox Wealth Management Inc. now owns 1,457 shares of the company’s stock worth $193,000 after buying an additional 24 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in Johnson & Johnson in the second quarter worth approximately $200,000. 65.89% of the stock is owned by institutional investors and hedge funds.

Johnson & Johnson Company Profile

Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.

Earnings History and Estimates for Johnson & Johnson (NYSE:JNJ)

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