Equities analysts predict that Illumina, Inc. (NASDAQ:ILMN) will report $742.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Illumina’s earnings, with the highest sales estimate coming in at $744.66 million and the lowest estimate coming in at $740.00 million. Illumina posted sales of $598.00 million during the same quarter last year, which suggests a positive year over year growth rate of 24.2%. The business is expected to report its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Illumina will report full-year sales of $742.73 million for the current fiscal year, with estimates ranging from $3.12 billion to $3.19 billion. For the next year, analysts expect that the firm will post sales of $3.50 billion per share, with estimates ranging from $3.34 billion to $3.66 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Illumina.
Illumina (NASDAQ:ILMN) last released its quarterly earnings results on Tuesday, January 30th. The life sciences company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.22. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $752.04 million. Illumina had a return on equity of 21.71% and a net margin of 26.56%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS.
A number of equities analysts have issued reports on ILMN shares. Zacks Investment Research upgraded Illumina from a “hold” rating to a “buy” rating and set a $229.00 price target for the company in a research note on Friday, October 27th. Wells Fargo & Co reiterated a “positive” rating and set a $260.00 price target (up previously from $250.00) on shares of Illumina in a research note on Tuesday, January 9th. Piper Jaffray Companies lifted their price target on Illumina to $274.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Evercore ISI initiated coverage on Illumina in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, BTIG Research initiated coverage on Illumina in a research note on Friday, January 5th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $241.39.
In related news, SVP Oene Mark Van sold 1,408 shares of Illumina stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $228.85, for a total value of $322,220.80. Following the sale, the senior vice president now owns 15,760 shares of the company’s stock, valued at approximately $3,606,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Epstein sold 1,250 shares of Illumina stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $226.55, for a total transaction of $283,187.50. Following the completion of the sale, the director now directly owns 9,088 shares in the company, valued at approximately $2,058,886.40. The disclosure for this sale can be found here. Insiders sold a total of 95,848 shares of company stock worth $21,414,125 in the last ninety days. 0.89% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Jackson Square Partners LLC raised its holdings in Illumina by 263.0% during the 4th quarter. Jackson Square Partners LLC now owns 1,034,454 shares of the life sciences company’s stock valued at $226,017,000 after acquiring an additional 749,468 shares during the period. Jennison Associates LLC raised its holdings in Illumina by 8.8% during the 4th quarter. Jennison Associates LLC now owns 4,412,621 shares of the life sciences company’s stock valued at $964,114,000 after acquiring an additional 355,200 shares during the period. Assenagon Asset Management S.A. raised its holdings in Illumina by 371.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 212,160 shares of the life sciences company’s stock valued at $46,355,000 after acquiring an additional 167,206 shares during the period. Carillon Tower Advisers Inc. bought a new stake in Illumina during the 4th quarter valued at $33,752,000. Finally, American Century Companies Inc. raised its holdings in Illumina by 27.4% during the 3rd quarter. American Century Companies Inc. now owns 605,149 shares of the life sciences company’s stock valued at $120,546,000 after acquiring an additional 130,038 shares during the period. 91.12% of the stock is currently owned by institutional investors.
Illumina (ILMN) traded up $7.10 during mid-day trading on Friday, reaching $233.84. The company’s stock had a trading volume of 532,175 shares, compared to its average volume of 969,668. The firm has a market cap of $34,370.00, a P/E ratio of 39.37, a P/E/G ratio of 3.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.99 and a quick ratio of 3.55. Illumina has a fifty-two week low of $158.02 and a fifty-two week high of $248.97.
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Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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