Merck & Company, Inc. (NYSE:MRK) updated its FY17 earnings guidance on Friday. The company provided EPS guidance of $3.91-3.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.88. The company issued revenue guidance of $40.0-40.5 billion, compared to the consensus revenue estimate of $40.34 billion.
Several brokerages have commented on MRK. J P Morgan Chase & Co set a $70.00 price target on Merck & and gave the stock a buy rating in a research report on Sunday, October 29th. Berenberg Bank reaffirmed a hold rating on shares of Merck & in a research report on Wednesday, November 1st. BMO Capital Markets set a $70.00 price target on Merck & and gave the stock a buy rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Merck & from a hold rating to a sell rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group restated an outperform rating and set a $74.00 price objective (down from $75.00) on shares of Merck & in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $67.07.
Shares of Merck & Company, Inc. (NYSE MRK) traded down $0.73 during trading on Friday, hitting $55.48. The company’s stock had a trading volume of 16,743,801 shares, compared to its average volume of 9,494,131. Merck & Company, Inc. has a 12 month low of $54.41 and a 12 month high of $66.80. 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 quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.57.
Merck & (NYSE:MRK) last announced its quarterly earnings results on Friday, October 27th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Merck & had a return on equity of 27.08% and a net margin of 11.60%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. equities research analysts expect that Merck & Company, Inc. will post 3.95 EPS for the current fiscal year.
In related news, Director Thomas H. Glocer sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $56.20, for a total transaction of $281,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.
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Large investors have recently bought and sold shares of the stock. Krilogy Financial LLC boosted its position in Merck & by 0.4% during the second quarter. Krilogy Financial LLC now owns 3,129 shares of the company’s stock valued at $201,000 after purchasing an additional 11 shares during the last quarter. Balentine LLC boosted its position in Merck & by 1.0% during the second quarter. Balentine LLC now owns 2,107 shares of the company’s stock valued at $135,000 after purchasing an additional 20 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in Merck & by 0.9% during the second quarter. Thompson Davis & CO. Inc. now owns 4,313 shares of the company’s stock valued at $276,000 after purchasing an additional 40 shares during the last quarter. Southeast Asset Advisors Inc. boosted its position in Merck & by 2.0% during the second quarter. Southeast Asset Advisors Inc. now owns 5,428 shares of the company’s stock valued at $348,000 after purchasing an additional 105 shares during the last quarter. Finally, Coastline Trust Co boosted its position in Merck & by 0.3% during the second quarter. Coastline Trust Co now owns 57,399 shares of the company’s stock valued at $3,679,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.
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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