Mylan Expected to Earn Q4 2018 Earnings of $1.80 Per Share (MYL)

Mylan (NASDAQ:MYL) – Equities researchers at Leerink Swann upped their Q4 2018 EPS estimates for Mylan in a research note issued on Monday, April 16th. Leerink Swann analyst A. Fadia now forecasts that the company will earn $1.80 per share for the quarter, up from their previous estimate of $1.30. Leerink Swann currently has a “Outperform” rating and a $44.00 target price on the stock.

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Mylan (NASDAQ:MYL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.29 billion. Mylan had a return on equity of 19.14% and a net margin of 5.84%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS.



A number of other analysts have also recently commented on the company. JPMorgan Chase set a $53.00 price objective on Mylan and gave the stock a “buy” rating in a research report on Thursday, April 12th. Cantor Fitzgerald set a $41.00 price objective on Mylan and gave the stock a “hold” rating in a research report on Wednesday, April 11th. Morgan Stanley set a $50.00 price objective on Mylan and gave the stock a “buy” rating in a research report on Monday, April 9th. Royal Bank of Canada set a $45.00 price objective on Mylan and gave the stock a “hold” rating in a research report on Tuesday, April 3rd. Finally, Mizuho lifted their price objective on Mylan from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $47.02.

NASDAQ:MYL opened at $40.74 on Wednesday. The firm has a market cap of $20,961.91, a PE ratio of 8.93, a PEG ratio of 1.30 and a beta of 1.34. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.13 and a quick ratio of 0.73. Mylan has a 52-week low of $29.39 and a 52-week high of $47.82.

In other Mylan news, insider Anthony Mauro sold 12,257 shares of Mylan stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.35, for a total value of $494,569.95. Following the completion of the sale, the insider now owns 147,435 shares in the company, valued at approximately $5,949,002.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Coury sold 150,000 shares of Mylan stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $40.10, for a total value of $6,015,000.00. The disclosure for this sale can be found here. Insiders sold a total of 269,287 shares of company stock valued at $11,034,960 in the last 90 days. 0.69% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of MYL. Ameriprise Financial Inc. grew its holdings in shares of Mylan by 16.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 326,281 shares of the company’s stock worth $10,228,000 after purchasing an additional 46,853 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Mylan by 20.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,553,480 shares of the company’s stock worth $111,450,000 after purchasing an additional 612,513 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Mylan by 56.5% during the 3rd quarter. Janus Henderson Group PLC now owns 114,620 shares of the company’s stock worth $3,593,000 after purchasing an additional 41,389 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Mylan by 127.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 20,641 shares of the company’s stock worth $648,000 after purchasing an additional 11,553 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Mylan by 170.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 137,725 shares of the company’s stock worth $5,827,000 after purchasing an additional 86,888 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.

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Mylan Company Profile

Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.

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