Johnson & Johnson (NYSE:JNJ) Updates FY18 Earnings Guidance

Johnson & Johnson (NYSE:JNJ) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $8.00-8.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.87. The company issued revenue guidance of $80.6-81.4 billion, compared to the consensus revenue estimate of $80.71 billion.

Johnson & Johnson (NYSE:JNJ) traded down $0.29 during midday trading on Wednesday, reaching $129.67. The company’s stock had a trading volume of 6,260,000 shares, compared to its average volume of 9,410,000. Johnson & Johnson has a 1-year low of $115.32 and a 1-year high of $148.32. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock has a market cap of $348,360.00, a PE ratio of 332.49, a P/E/G ratio of 2.34 and a beta of 0.74.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.02. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.08 billion. Johnson & Johnson had a return on equity of 27.80% and a net margin of 1.70%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. equities analysts forecast that Johnson & Johnson will post 8.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Monday, February 26th. Johnson & Johnson’s payout ratio is presently 861.54%.

JNJ has been the subject of a number of research analyst reports. Vetr upgraded Johnson & Johnson from a hold rating to a buy rating and set a $152.28 target price for the company in a research note on Tuesday, January 23rd. Credit Suisse Group set a $154.00 target price on Johnson & Johnson and gave the company an outperform rating in a research note on Thursday, October 19th. Royal Bank of Canada raised their target price on Johnson & Johnson from $144.00 to $147.00 and gave the company an outperform rating in a research note on Wednesday, October 18th. Stifel Nicolaus lifted their price objective on Johnson & Johnson from $142.00 to $145.00 and gave the company a hold rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price objective on Johnson & Johnson from $140.00 to $149.00 and gave the company a buy rating in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $146.16.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harding Loevner LP purchased a new position in shares of Johnson & Johnson in the second quarter valued at about $106,000. IHT Wealth Management LLC lifted its position in shares of Johnson & Johnson by 46.4% in the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock valued at $122,000 after acquiring an additional 3,467 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Johnson & Johnson in the second quarter valued at about $124,000. Financial Gravity Companies Inc. purchased a new position in shares of Johnson & Johnson in the fourth quarter valued at about $143,000. Finally, Delpha Capital Management LLC purchased a new position in shares of Johnson & Johnson in the fourth quarter valued at about $166,000. Institutional investors own 65.53% of the company’s stock.

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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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