Becton Dickinson and Co. Forecasted to Earn FY2019 Earnings of $11.12 Per Share (BDX)
Becton Dickinson and Co. (NYSE:BDX) – Analysts at Leerink Swann upped their FY2019 earnings per share (EPS) estimates for shares of Becton Dickinson and in a note issued to investors on Friday. Leerink Swann analyst R. Newitter now anticipates that the brokerage will earn $11.12 per share for the year, up from their previous estimate of $11.02. Leerink Swann has a “Hold” rating on the stock.
Becton Dickinson and (NYSE:BDX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.14. The firm earned $3.20 billion during the quarter, compared to analyst estimates of $3.21 billion. Becton Dickinson and had a net margin of 9.24% and a return on equity of 24.26%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS.
Other equities research analysts have also recently issued research reports about the stock. Bank of America Corp. restated a “buy” rating on shares of Becton Dickinson and in a research note on Tuesday, July 12th. Jefferies Group restated a “buy” rating on shares of Becton Dickinson and in a research note on Friday, August 5th. Zacks Investment Research cut shares of Becton Dickinson and from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Cowen and Company restated an “outperform” rating and set a $185.00 target price on shares of Becton Dickinson and in a research note on Tuesday, August 16th. Finally, Citigroup Inc. cut shares of Becton Dickinson and from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $167.00 to $165.00 in a research note on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Becton Dickinson and presently has an average rating of “Buy” and an average price target of $170.82.
Shares of Becton Dickinson and (NYSE:BDX) traded up 0.71% during midday trading on Monday, hitting $172.76. 572,920 shares of the stock were exchanged. The firm’s 50-day moving average is $176.29 and its 200 day moving average is $170.04. Becton Dickinson and has a 52-week low of $129.50 and a 52-week high of $181.76. The firm has a market cap of $36.78 billion, a PE ratio of 32.97 and a beta of 0.93.
A number of hedge funds and other institutional investors have recently bought and sold shares of BDX. Point72 Asia Hong Kong Ltd purchased a new position in Becton Dickinson and during the second quarter valued at approximately $119,000. Acrospire Investment Management LLC increased its stake in Becton Dickinson and by 458.0% in the second quarter. Acrospire Investment Management LLC now owns 731 shares of the company’s stock valued at $124,000 after buying an additional 600 shares during the period. Iowa State Bank acquired a new stake in Becton Dickinson and during the second quarter valued at $137,000. First Personal Financial Services increased its stake in Becton Dickinson and by 101.7% in the second quarter. First Personal Financial Services now owns 827 shares of the company’s stock valued at $140,000 after buying an additional 417 shares during the period. Finally, First PREMIER Bank increased its stake in Becton Dickinson and by 251.0% in the third quarter. First PREMIER Bank now owns 839 shares of the company’s stock valued at $151,000 after buying an additional 600 shares during the period. 81.85% of the stock is owned by institutional investors.
In other Becton Dickinson and news, insider Linda M. Tharby sold 11,704 shares of Becton Dickinson and stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $177.27, for a total transaction of $2,074,768.08. Following the completion of the transaction, the insider now directly owns 22,146 shares of the company’s stock, valued at $3,925,821.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary M. Cohen sold 29,367 shares of Becton Dickinson and stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $176.81, for a total transaction of $5,192,379.27. Following the transaction, the insider now directly owns 125,870 shares of the company’s stock, valued at $22,255,074.70. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.54%. The ex-dividend date was Wednesday, September 7th. Becton Dickinson and’s payout ratio is 50.19%.
Becton Dickinson and Company Profile
Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.
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