Wall Street analysts expect that Johnson & Johnson (NYSE:JNJ) will report sales of $21.82 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Johnson & Johnson’s earnings, with the lowest sales estimate coming in at $21.44 billion and the highest estimate coming in at $22.05 billion. Johnson & Johnson reported sales of $20.75 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, January 26th.
According to Zacks, analysts expect that Johnson & Johnson will report full-year sales of $81.93 billion for the current fiscal year, with estimates ranging from $81.55 billion to $82.16 billion. For the next fiscal year, analysts anticipate that the business will report sales of $88.67 billion, with estimates ranging from $87.57 billion to $90.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Johnson & Johnson.
Johnson & Johnson (NYSE:JNJ) last issued its earnings results on Sunday, October 18th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.22. The company had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $20.15 billion. Johnson & Johnson had a return on equity of 34.64% and a net margin of 21.01%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 EPS.
JNJ has been the subject of several analyst reports. Morgan Stanley upped their target price on Johnson & Johnson from $170.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. BidaskClub cut Johnson & Johnson from a “sell” rating to a “strong sell” rating in a report on Monday, December 28th. Cantor Fitzgerald upped their target price on Johnson & Johnson from $168.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 14th. Credit Suisse Group upped their price target on Johnson & Johnson from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Finally, Raymond James reaffirmed a “buy” rating on shares of Johnson & Johnson in a research note on Friday, November 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $165.50.
Shares of NYSE:JNJ opened at $157.38 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $149.97 and a two-hundred day moving average of $147.22. The stock has a market cap of $414.31 billion, a P/E ratio of 24.75, a PEG ratio of 3.30 and a beta of 0.68. Johnson & Johnson has a 52-week low of $109.16 and a 52-week high of $157.66.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 8th. Investors of record on Tuesday, November 24th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.57%. The ex-dividend date was Monday, November 23rd. Johnson & Johnson’s payout ratio is 46.54%.
In related news, COO Michael E. Sneed sold 54,662 shares of the stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $152.93, for a total transaction of $8,359,459.66. Following the transaction, the chief operating officer now owns 110,741 shares of the company’s stock, valued at approximately $16,935,621.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of JNJ. Newfound Research LLC acquired a new stake in Johnson & Johnson in the 3rd quarter valued at about $28,000. Essex Investment Management Co. LLC acquired a new stake in Johnson & Johnson in the 3rd quarter valued at about $37,000. HWG Holdings LP acquired a new stake in Johnson & Johnson in the 2nd quarter valued at about $49,000. Crewe Advisors LLC raised its position in Johnson & Johnson by 909.1% in the 3rd quarter. Crewe Advisors LLC now owns 333 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. Finally, Dimension Capital Management LLC acquired a new stake in Johnson & Johnson in the 3rd quarter valued at about $53,000. 61.26% of the stock is currently owned by institutional investors.
Johnson & Johnson Company Profile
Johnson & Johnson researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The 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, DR.
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