Quintiles Transitional Holdings Inc. (NYSE:Q) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.28-1.37. for the period, compared to the Thomson Reuters consensus estimate of $1.35. The company issued revenue guidance of $2.12-$2.16 billion, compared to the consensus revenue estimate of $2.13 billion.
A number of analysts have recently issued reports on the company. KeyCorp reaffirmed a buy rating and issued a $100.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday. Morgan Stanley boosted their price objective on Quintiles Transitional Holdings from $96.00 to $121.00 and gave the stock an overweight rating in a research note on Thursday. Mizuho lowered Quintiles Transitional Holdings from a buy rating to a neutral rating and set a $90.00 price objective on the stock. in a research note on Thursday. SunTrust Banks, Inc. reissued a hold rating and set a $114.00 price objective on shares of Quintiles Transitional Holdings in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Quintiles Transitional Holdings from a buy rating to a hold rating in a research note on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $103.15.
Shares of Quintiles Transitional Holdings Inc. (NYSE Q) opened at $104.05 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $21,873.06, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.72 and a beta of 0.65. Quintiles Transitional Holdings Inc. has a 1-year low of $71.90 and a 1-year high of $110.67.
Quintiles Transitional Holdings (NYSE:Q) last posted its quarterly earnings data on Thursday, October 26th. The medical research company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. Quintiles Transitional Holdings had a return on equity of 12.60% and a net margin of 0.58%. The company’s quarterly revenue was up 77.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. research analysts forecast that Quintiles Transitional Holdings Inc. will post 4.62 earnings per share for the current fiscal year.
In other Quintiles Transitional Holdings news, major shareholder Cpp Investment Board Private H sold 6,748,026 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $94.87, for a total transaction of $640,185,226.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ari Bousbib sold 46,080 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $95.65, for a total value of $4,407,552.00. Following the sale, the insider now owns 1,036,839 shares in the company, valued at approximately $99,173,650.35. The disclosure for this sale can be found here. Insiders sold a total of 14,175,702 shares of company stock worth $1,361,299,848 in the last quarter. Company insiders own 6.40% of the company’s stock.
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Quintiles Transitional Holdings Company Profile
Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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