Wall Street brokerages expect Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX) to post earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Valeant Pharmaceuticals Intl’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $1.29. Valeant Pharmaceuticals Intl reported earnings of $1.26 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 23%. The firm is scheduled to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Valeant Pharmaceuticals Intl will report full year earnings of $3.82 per share for the current year, with EPS estimates ranging from $3.61 to $4.15. For the next financial year, analysts anticipate that the business will report earnings of $3.44 per share, with EPS estimates ranging from $2.96 to $4.11. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Valeant Pharmaceuticals Intl.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Valeant Pharmaceuticals Intl from a “hold” rating to a “strong sell” rating in a report on Saturday. TD Securities lifted their price target on shares of Valeant Pharmaceuticals Intl from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 5th. Wells Fargo & Co reiterated a “sell” rating on shares of Valeant Pharmaceuticals Intl in a report on Thursday, January 4th. JPMorgan Chase & Co. downgraded shares of Valeant Pharmaceuticals Intl from a “neutral” rating to an “underweight” rating and set a $12.00 price target on the stock. in a report on Thursday, December 14th. Finally, ValuEngine upgraded shares of Valeant Pharmaceuticals Intl from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Valeant Pharmaceuticals Intl has a consensus rating of “Hold” and an average price target of $18.20.
In other Valeant Pharmaceuticals Intl news, Director John Paulson bought 344,216 shares of Valeant Pharmaceuticals Intl stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $4,956,710.40. Following the acquisition, the director now directly owns 94,559 shares in the company, valued at approximately $1,361,649.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.87% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its holdings in shares of Valeant Pharmaceuticals Intl by 118.2% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 8,330 shares of the specialty pharmaceutical company’s stock worth $119,000 after buying an additional 4,512 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Valeant Pharmaceuticals Intl during the 2nd quarter worth about $192,000. Harbour Capital Advisors LLC purchased a new position in shares of Valeant Pharmaceuticals Intl during the 3rd quarter worth about $224,000. American Century Companies Inc. purchased a new position in shares of Valeant Pharmaceuticals Intl during the 3rd quarter worth about $238,000. Finally, Moors & Cabot Inc. boosted its stake in shares of Valeant Pharmaceuticals Intl by 32.3% during the 2nd quarter. Moors & Cabot Inc. now owns 15,275 shares of the specialty pharmaceutical company’s stock worth $267,000 after purchasing an additional 3,725 shares during the period. Hedge funds and other institutional investors own 49.45% of the company’s stock.
Shares of Valeant Pharmaceuticals Intl (VRX) traded up $0.03 during midday trading on Friday, reaching $23.84. 10,210,000 shares of the company’s stock were exchanged, compared to its average volume of 20,720,000. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.03 and a current ratio of 1.26. The company has a market cap of $8,300.00, a P/E ratio of 6.11, a P/E/G ratio of 0.72 and a beta of -0.22. Valeant Pharmaceuticals Intl has a one year low of $8.31 and a one year high of $24.43.
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Valeant Pharmaceuticals Intl Company Profile
Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company. The Company is engaged in developing and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices).
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