Catalent Inc (CTLT) Research Coverage Started at Needham & Company LLC

Catalent Inc (CTLT) Research Coverage Started at Needham & Company LLC”

Next quarter's EPS is forecasted at $0.36 with next year's EPS projected to be $1.76.

The deal is in keeping with Catalent Q3 report in May when it said biologics-related contracting had driven earnings growth. The firm is expected to announce its next earnings results on Monday, November 6th. As of the last earnings report the EPS was $0.87 and is projected to be $1.61 for the current year with 125,175,000 shares now outstanding. On average, equities analysts predict that Catalent Inc will post $1.61 EPS for the current fiscal year. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. Catalent had a return on equity of 36.29% and a net margin of 10.02%. The firm had revenue of $616.90 million during the quarter, compared to analyst estimates of $547.48 million. Catalent's quarterly revenue was up 15.9% compared to the same quarter previous year. The stock saw a rise in short interest of 44.00% between August 15, 2017 and August 31, 2017. Needham & Company LLC assumed coverage on shares of Catalent in a report on Tuesday, September 12th.

XAutoplay: On | OffIn midday trading on the stock market today, Catalent fell 2.8%, near 38.80, below a buy point at 38.83 achieved out of a flat base on August 29. Finally, William Blair reissued an "ourperform" rating on shares of Catalent in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. They set a "hold" rating and a $42.00 target price on the stock.

Share of biologics, or drugs manufactured from living organisms, will account for about 21 percent of the combined entity's pro-forma revenue, Catalent said on a conference call.

The company's P/E ratio is 45.39 and market cap is 4.94B.

Shares are trading at $39.49 a tad above the 50 day moving average which is $36.93 and which is impressively higher than the 200 day moving average of $33.52. Shares saw a steep increase in trading volume of 286.55% over the normal average daily volume. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. BlackRock Inc. boosted its position in Catalent by 18,027.4% during the first quarter. Aperio Group LLC now owns 23,088 shares of the company's stock worth $810,000 after acquiring an additional 190 shares in the last quarter. Municipal Employees Retirement System of MI lifted its holdings in shares of Catalent by 1.6% in the first quarter. Capstone Asset Management Co. now owns 9,900 shares of the company's stock worth $280,000 after purchasing an additional 330 shares in the last quarter. The value of the position overall is up by 1,217.8%. Finally, AJO LP bought a new stake in Catalent during the second quarter valued at about $26,130,000. Perkins Investment Management, LLC cut its holdings by selling 93,339 shares a decrease of 7.4% as of 03/31/2017. Janus Capital Management LLC claims 6,318,287 shares with a value of $178,934,000.

TRADEMARK VIOLATION NOTICE: "Catalent Inc (CTLT) Shares Bought by Shapiro Capital Management LLC" was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal.

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