Johnson & Johnson (JNJ) Updates FY18 Earnings Guidance
Johnson & Johnson (NYSE:JNJ) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $8.00-8.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.10. The company issued revenue guidance of $81.0-81.8 billion, compared to the consensus revenue estimate of $81.18 billion.
A number of brokerages have commented on JNJ. Vetr lowered shares of Johnson & Johnson from a hold rating to a sell rating and set a $124.55 price target for the company. in a research note on Thursday, April 5th. JPMorgan Chase lowered shares of Johnson & Johnson from an overweight rating to a neutral rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Johnson & Johnson from a hold rating to a buy rating and set a $145.00 price target for the company in a research note on Wednesday, April 11th. Jefferies Group set a $165.00 price target on shares of Johnson & Johnson and gave the company a buy rating in a research note on Monday, February 26th. Finally, BTIG Research restated a sell rating and set a $110.00 price target on shares of Johnson & Johnson in a research note on Wednesday, January 24th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Johnson & Johnson presently has a consensus rating of Hold and an average price target of $144.03.
NYSE JNJ opened at $133.15 on Tuesday. Johnson & Johnson has a 1 year low of $120.95 and a 1 year high of $148.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 1.12. The firm has a market capitalization of $350,440.66, a PE ratio of 18.23, a PEG ratio of 2.08 and a beta of 0.74.
In related news, VP Paulus Stoffels sold 155,342 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $129.86, for a total value of $20,172,712.12. Following the transaction, the vice president now directly owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.22% of the company’s stock.
Large investors have recently modified their holdings of the stock. Premier Asset Management LLC boosted its holdings in shares of Johnson & Johnson by 0.4% in the 2nd quarter. Premier Asset Management LLC now owns 2,749 shares of the company’s stock worth $363,000 after buying an additional 12 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Johnson & Johnson in the 2nd quarter worth about $2,784,000. Dupont Capital Management Corp boosted its holdings in shares of Johnson & Johnson by 19.5% in the 2nd quarter. Dupont Capital Management Corp now owns 330,122 shares of the company’s stock worth $43,672,000 after buying an additional 53,912 shares during the last quarter. QV Investors Inc. boosted its holdings in shares of Johnson & Johnson by 6.7% in the 2nd quarter. QV Investors Inc. now owns 36,565 shares of the company’s stock worth $4,837,000 after buying an additional 2,310 shares during the last quarter. Finally, S. R. Schill & Associates boosted its holdings in shares of Johnson & Johnson by 0.4% in the 2nd quarter. S. R. Schill & Associates now owns 10,494 shares of the company’s stock worth $1,388,000 after buying an additional 40 shares during the last quarter. 67.23% of the stock is currently owned by institutional investors.
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About Johnson & Johnson
Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.
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