Analysts expect Pfizer Inc. (NYSE:PFE) to post $22.50 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Pfizer’s earnings, with the lowest sales estimate coming in at $19.38 billion and the highest estimate coming in at $24.69 billion. Pfizer posted sales of $12.13 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 85.5%. The company is expected to announce its next quarterly earnings results on Tuesday, October 26th.
On average, analysts expect that Pfizer will report full year sales of $80.95 billion for the current financial year, with estimates ranging from $71.37 billion to $85.09 billion. For the next year, analysts anticipate that the firm will post sales of $66.36 billion, with estimates ranging from $51.90 billion to $79.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Pfizer.
Pfizer (NYSE:PFE) last released its earnings results on Wednesday, July 28th. The biopharmaceutical company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. Pfizer had a return on equity of 26.49% and a net margin of 23.06%. The firm had revenue of $18.98 billion during the quarter, compared to analysts’ expectations of $17.54 billion. During the same period in the prior year, the company earned $0.78 earnings per share.
In other news, SVP Jennifer B. Damico sold 2,500 shares of the stock in a transaction dated Friday, July 30th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the senior vice president now owns 11,430 shares of the company’s stock, valued at approximately $489,889.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer B. Damico sold 1,661 shares of the stock in a transaction dated Friday, August 13th. The stock was sold at an average price of $48.30, for a total transaction of $80,226.30. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in Pfizer in the 3rd quarter valued at about $291,000. Lehman & Derafelo Financial Resources LLC lifted its position in Pfizer by 3.6% in the 1st quarter. Lehman & Derafelo Financial Resources LLC now owns 212,511 shares of the biopharmaceutical company’s stock valued at $7,699,000 after acquiring an additional 7,354 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Pfizer by 1.6% in the 1st quarter. Ironwood Wealth Management LLC. now owns 35,385 shares of the biopharmaceutical company’s stock valued at $1,282,000 after acquiring an additional 550 shares in the last quarter. Petix & Botte Co bought a new position in Pfizer in the 1st quarter valued at about $187,000. Finally, Prospera Financial Services Inc lifted its position in Pfizer by 11.1% in the 1st quarter. Prospera Financial Services Inc now owns 76,241 shares of the biopharmaceutical company’s stock valued at $2,762,000 after acquiring an additional 7,626 shares in the last quarter. 64.93% of the stock is currently owned by institutional investors.
NYSE PFE traded down $0.25 on Friday, hitting $43.94. 16,127,272 shares of the company’s stock were exchanged, compared to its average volume of 30,753,852. The stock has a 50-day moving average of $45.45 and a 200-day moving average of $40.83. The company has a current ratio of 1.37, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. Pfizer has a 52 week low of $33.36 and a 52 week high of $51.86. The stock has a market cap of $246.36 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.58 and a beta of 0.74.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 6th. Shareholders of record on Friday, November 5th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. Pfizer’s payout ratio is currently 70.27%.
Pfizer Company Profile
Pfizer Inc is a research-based global biopharmaceutical company. It engages in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products worldwide. The firm work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pfizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pfizer and related companies with MarketBeat.com's FREE daily email newsletter.