Jefferies Group Comments on Merck & Company, Inc.’s Q3 2017 Earnings (NYSE:MRK)

Merck & Company, Inc. (NYSE:MRK) – Equities research analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of Merck & in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst J. Holford anticipates that the company will post earnings per share of $1.03 for the quarter. Jefferies Group has a “Underperform” rating on the stock.



Merck & (NYSE:MRK) last issued its earnings results on Friday, October 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.08. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.54 billion. Merck & had a net margin of 11.60% and a return on equity of 27.08%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share.

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Other equities analysts also recently issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $73.00 target price (down from $74.00) on shares of Merck & in a report on Monday, July 24th. BidaskClub downgraded shares of Merck & from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Morgan Stanley downgraded shares of Merck & from an “overweight” rating to an “equal weight” rating and set a $56.00 target price for the company. in a report on Monday, October 30th. Credit Suisse Group reiterated an “outperform” rating and issued a $74.00 target price (down from $75.00) on shares of Merck & in a report on Tuesday, September 5th. Finally, UBS AG reduced their target price on shares of Merck & from $72.00 to $67.00 and set a “buy” rating for the company in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $67.07.

Merck & (MRK) traded down $0.73 during mid-day trading on Thursday, hitting $55.48. The company had a trading volume of 16,743,801 shares, compared to its average volume of 9,494,131. The company has a market capitalization of $153,140.61, a P/E ratio of 14.45, a P/E/G ratio of 2.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.43 and a quick ratio of 1.21. Merck & has a 12-month low of $54.41 and a 12-month high of $66.80.

A number of hedge funds and other institutional investors have recently modified their holdings of MRK. Fort Washington Investment Advisors Inc. OH boosted its position in Merck & by 133.4% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 144,247 shares of the company’s stock worth $9,165,000 after purchasing an additional 82,454 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Merck & by 2.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,206,648 shares of the company’s stock worth $269,678,000 after purchasing an additional 107,201 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Merck & by 41.9% in the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 296,294 shares of the company’s stock worth $19,028,000 after purchasing an additional 87,443 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Merck & in the 1st quarter worth approximately $15,126,000. Finally, Trust Co boosted its position in Merck & by 2.8% in the 1st quarter. Trust Co now owns 68,789 shares of the company’s stock worth $4,371,000 after purchasing an additional 1,852 shares in the last quarter. Hedge funds and other institutional investors own 72.84% of the company’s stock.

In related news, Director Thomas H. Glocer sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $56.20, for a total value of $281,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is owned by corporate insiders.

About Merck &

Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.

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Earnings History and Estimates for Merck & (NYSE:MRK)

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