Economy

Teva falls short on Q3 profit, slashes 2017 estimates again

On the ratings front, TEVA stock has been the subject of a number of recent research reports. Greylin Investment Mangement Inc. now owns 294,495 shares of the company's stock worth $9,783,000 after acquiring an additional 79,300 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: "Heritage Investors Management Corp Sells 13,018 Shares of Teva Pharmaceutical Industries Limited (TEVA)" was first published by StockNewsTimes and is the sole property of of StockNewsTimes. Exane Derivatives acquired a new stake in shares of Teva Pharmaceutical Industries Limited in the third quarter worth approximately $571,000. Finally, GAM Holding AG boosted its stake in shares of Teva Pharmaceutical Industries Limited by 23.2% in the second quarter. GAM Holding AG now owns 41,900 shares of the company's stock worth $1,392,000 after acquiring an additional 7,900 shares during the last quarter. In a report issued on October 30, RBC analyst Randall Stanicky reiterated a Sell rating on TEVA, with a price target of $13, which represents a slight downside potential from current levels. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. & global copyright & trademark law. BidaskClub upgraded Teva Pharmaceutical Industries Limited from a hold rating to a buy rating in a research note on Wednesday, July 5th. Oppenheimer Holdings Inc. reduced their price objective on shares of Teva Pharmaceutical Industries from $77.00 to $72.00 and set an outperform rating for the company in a research report on Thursday, July 14th. Separately, on the same day, Mizuho's Irina Rivkind Koffler reiterated a Hold rating on the stock and has a price target of $15. Out of 20 analysts who cover the stock, 14 suggest a Hold rating, 3 suggest a Sell and 3 recommend to Buy the stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $27.83. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/02/teva-pharmaceutical-industries-limited-teva-given-a-15-00-price-target-by-royal-bank-of-canada-analysts.html. Teva's share price is down 6.5% in premarket trading on Wall Street. The company's 50-day moving average price is $16.13 and its 200-day moving average price is $24.54. Teva Pharmaceutical Industries has a 1-year low of $43.80 and a 1-year high of $66.55.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) last released its earnings results on Thursday, August 3rd. Teva Pharmaceutical Industries Limited had a positive return on equity of 15.96% and a negative net margin of 25.18%. Revenue rose 1 percent to $5.6 billion. Expected Non-GAAP EPS in the fourth quarter is $0.70-0.80 per share.

GAAP net profit and GAAP earnings per share were $530 million and $0.52, respectively, in the third quarter of 2017, compared with $348 million and $0.35, respectively, in the third quarter of 2016. The firm's quarterly revenue was up 12.9% on a year-over-year basis. Analysts had been expecting EPS of $4.19 on revenue of $22.6 billion.

Teva Pharmaceutical Industries Limited is a global pharmaceutical company. The latest results included a 8% decline in generic medicines revenue, which includes a 9% decline in USA revenue "mainly due to challenging market dynamics including pricing declines resulting from customer consolidation into larger buying groups and accelerated FDA approvals for additional generic versions of competing off-patent medicines", Teva said. The Generic Medicines segment includes chemical and therapeutic equivalents of originator medicines in a variety of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.



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