Markets

Teva Tumbles on New Guidance, But CEO Optimistic

Teva Tumbles on New Guidance, But CEO Optimistic

Analysts had forecast Teva would earn 76 cents per share ex-items on revenue of $5.3 billion, according to Thomson Reuters I/B/E/S.

The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.03% where SMA50 and SMA200 are 12.26% and -4.86% respectively.

A number of other research analysts also recently issued reports on the stock. Vetr cut Teva Pharmaceutical Industries from a "strong-buy" rating to a "buy" rating and set a $23.57 price target for the company.in a research report on Monday. "Everything is on target", he was quoted as saying by The Associated Press on Thursday.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) now has a "Hold" signals on Composite indicators by TrendSpotter.

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Teva's New York-listed shares were indicated down 13.7 percent at $18.00 in pre-trade. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of "Hold" and a consensus price target of $21.54.

For 2018, the company expects revenues to be $18.3 billion to $18.8 billion. Teva Pharmaceutical Industries has a one year low of $10.85 and a one year high of $37.94. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 1.20. Penserra Capital Management LLC purchased a new stake in shares of Teva Pharmaceutical Industries in the third quarter valued at $129,000. Raymond James Trust N.A.'s holdings in Teva Pharmaceutical Industries were worth $492,000 as of its most recent SEC filing. Revenue declined to $5.46 billion from $6.49 billion, compared with the FactSet consensus of $5.29 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. While talking about Performance of the Stock, Teva Pharmaceutical Industries Limited now has a Weekly performance of 2.16%, monthly performance percentage is 9.05 percent, Quarterly performance is 68.01 percent, 6 months performance shows a percent value of 14% and Yearly Performance is -35.23 percent. Sei Investments Co. now owns 674,005 shares of the company's stock worth $12,772,000 after buying an additional 140,493 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Teva Pharmaceutical Industries by 81.5% in the 3rd quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Teva Pharmaceutical Industries Limited by 2.5% in the second quarter. The company reported a loss of $11.60 billion, or a loss of $11.41 per share, after a loss of $1.04 billion, or a loss of $1.10 per share.

On 5/11/2017 announced a quarterly dividend of $0.34 4.28% with an ex dividend date of 6/1/2017 which will be payable on 6/5/2017.

Schultz blamed sweeping changes in the US pharmaceutical industry for Teva's mounting woes, ranging from accelerated FDA approval of competing medicines to government regulation that limits drug prices. If you are reading this piece on another website, it was stolen and reposted in violation of US & worldwide copyright & trademark legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/08/fy2018-earnings-forecast-for-teva-pharmaceutical-industries-ltd-teva-issued-by-oppenheimer.html.


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    Following the transaction, the insider now owns 6,748,580 shares of the company's stock, valued at approximately $649,415,853.40. Currently, the stock carries a price to earnings ratio of 13.66, a price to book ratio of 0, and a price to sales ratio of 1.81.