$5.23 Billion in Sales Expected for Novo Nordisk A/S (NYSE:NVO) This Quarter

Brokerages expect Novo Nordisk A/S (NYSE:NVO) to announce sales of $5.23 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Novo Nordisk A/S’s earnings, with estimates ranging from $5.21 billion to $5.26 billion. Novo Nordisk A/S posted sales of $4.43 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.1%. The business is expected to announce its next earnings results on Thursday, August 5th.

On average, analysts expect that Novo Nordisk A/S will report full year sales of $21.41 billion for the current fiscal year, with estimates ranging from $21.18 billion to $21.57 billion. For the next year, analysts forecast that the company will report sales of $23.42 billion, with estimates ranging from $22.99 billion to $23.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Novo Nordisk A/S.

Novo Nordisk A/S (NYSE:NVO) last announced its earnings results on Tuesday, May 4th. The company reported $5.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $4.64. Novo Nordisk A/S had a return on equity of 71.90% and a net margin of 33.77%. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.02 billion.

Several equities research analysts recently issued reports on NVO shares. Zacks Investment Research raised Novo Nordisk A/S from a “sell” rating to a “hold” rating and set a $91.00 price target on the stock in a research report on Tuesday, July 13th. Barclays reissued an “overweight” rating on shares of Novo Nordisk A/S in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Novo Nordisk A/S in a research report on Thursday, July 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $91.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC grew its stake in shares of Novo Nordisk A/S by 13.1% in the first quarter. HighTower Advisors LLC now owns 106,051 shares of the company’s stock worth $7,128,000 after purchasing an additional 12,312 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Novo Nordisk A/S by 42.9% in the first quarter. Rockefeller Capital Management L.P. now owns 156,414 shares of the company’s stock worth $10,544,000 after purchasing an additional 46,920 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of Novo Nordisk A/S by 17.0% in the first quarter. GW&K Investment Management LLC now owns 16,490 shares of the company’s stock worth $1,112,000 after purchasing an additional 2,401 shares in the last quarter. Traynor Capital Management Inc. grew its stake in shares of Novo Nordisk A/S by 3.0% in the first quarter. Traynor Capital Management Inc. now owns 67,822 shares of the company’s stock worth $4,572,000 after purchasing an additional 1,999 shares in the last quarter. Finally, EagleClaw Capital Managment LLC grew its stake in shares of Novo Nordisk A/S by 3.7% in the first quarter. EagleClaw Capital Managment LLC now owns 36,775 shares of the company’s stock worth $2,479,000 after purchasing an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 5.56% of the company’s stock.

Shares of NVO traded down $0.60 during trading on Friday, reaching $88.21. The company’s stock had a trading volume of 41,688 shares, compared to its average volume of 697,785. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.59 and a current ratio of 0.85. The company has a market cap of $207.72 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 3.24 and a beta of 0.42. Novo Nordisk A/S has a twelve month low of $63.22 and a twelve month high of $88.94. The business’s fifty day moving average price is $83.08.

Novo Nordisk A/S Company Profile

Novo Nordisk A/S is a healthcare company, which engages in the research, development, manufacture, and marketing of pharmaceutical products. It operates through the following segments: Diabetes & Obesity Care, and Biopharmaceuticals. The Diabetes & Obesity Care segment covers products for insulin; GLP-1 and related delivery systems; oral antidiabetic products; and obesity.

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Earnings History and Estimates for Novo Nordisk A/S (NYSE:NVO)

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