Novartis (NVS) Set to Announce Earnings on Thursday

Novartis (NYSE:NVS) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 19th. Analysts expect Novartis to post earnings of $1.33 per share for the quarter.

Novartis (NYSE:NVS) last released its quarterly earnings results on Wednesday, January 24th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. The company had revenue of $12.92 billion for the quarter, compared to analyst estimates of $12.65 billion. Novartis had a net margin of 15.69% and a return on equity of 16.03%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. On average, analysts expect Novartis to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

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Shares of NVS stock opened at $81.17 on Tuesday. The stock has a market capitalization of $187,806.64, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.82 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 1.21. Novartis has a 52 week low of $72.67 and a 52 week high of $94.19.

Several brokerages have commented on NVS. JPMorgan Chase reaffirmed a “neutral” rating on shares of Novartis in a research report on Monday, April 9th. Deutsche Bank reaffirmed a “neutral” rating on shares of Novartis in a research report on Tuesday, April 10th. UBS reaffirmed a “neutral” rating on shares of Novartis in a research report on Monday, January 15th. Zacks Investment Research lowered shares of Novartis from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Nord/LB reaffirmed a “neutral” rating on shares of Novartis in a research report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $87.51.

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Novartis Company Profile

Novartis AG researches, develops, manufactures, and markets a range of healthcare products worldwide. The company's Innovative Medicines segment offers patented prescription medicines to enhance health outcomes for patients and health-care providers. This segment also commercializes products in the areas of oncology and rare diseases, ophthalmology, immunology and dermatology, neuroscience, respiratory, cardio-metabolic, and established medicines.

Earnings History for Novartis (NYSE:NVS)

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