Economy

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.



Like this

Latest


20 September 2017
North Korea latest: Will Kim Jong-un lash out at United Nations sanctions?
Peru also took extra steps to limit the North Korean presence in Lima. EGYPT: Egypt said that it is cutting military ties with North Korea.

20 September 2017
Grande Fratello Vip 2, Cecilia e Veronica si alleano contro Giulia
Per guardare in streaming Grande Fratello Vip 2 non vi resta che seguire il link pubblicato a fine articolo. Si avvicina la seconda puntata del Grande Fratello Vip , si preannuncia una serata scoppiettante.

20 September 2017
North Korea warns 'vicious' United Nations sanctions will only accelerate nuclear programme
It is to be noted that North Korea's Embassy in Kuwait City is the only diplomatic station in the Gulf region for North Korea. The U.S. military has described the exercises as training for readiness "to fight tonight" against North Korea if needed.

20 September 2017
North Korea Boycotted UN Trump Speech Calling Kim Jong Un 'Rocket Man'
The sanctions upset North Korea who retaliated by launching a ballistic missile that flew over Japan on Thursday. US nuclear weapons were withdrawn from the Korean peninsula in the early 1990s at the close of the Cold War.

20 September 2017
Chrysler 300 Hellcat Coming Next Year
It's a Dodge Charger under its conservative smock, after all-and a Dodge Charger Hellcat is most certainly available today. SRT was to become a Dodge-only affair until the Jeep Grand Cherokee SRT sold in droves.

20 September 2017
Pakistan's PM notes importance of relationship with Sri Lanka
Pakistan and the United States (US) have agreed to sort out differences souring their bilateral ties through dialogue. The President stressed on the need for enhancement in trade and economic relations between the two countries.

20 September 2017
Matthew Stafford Uses Good Buddy Clayton Kershaw as an On-Field Audible
Stafford called for an audible "Kershaw!" which may be one of the coolest ordeals in sports. A shoutout from one to the other feels fitting.

20 September 2017
Sergio Perez stays at Force India for fifth season
Perez now sits seventh in the Drivers' Championship with 58 points, three points ahead of team-mate Ocon and 10 points behind Red Bull's Max Verstappen.

20 September 2017
U.S. military forces hold joint military exercises with South Korea, Japan
Instead, he said, the worldwide community should strictly implement the sanctions imposed on North Korea by the U.N. Pyongyang launched a second ballistic missile across Japan two weeks later.

20 September 2017
100 dead as powerful quake hits Mexico
People frantically try to help those trapped beneath the buildings. "Thank you, God, for keeping us safe once again". According to the Associated Press, at least 44 buildings were destroyed in the Mexican capital.



Recommended