$3.44 Earnings Per Share Expected for AbbVie Inc. (NYSE:ABBV) This Quarter

Equities research analysts expect AbbVie Inc. (NYSE:ABBVGet Rating) to post earnings of $3.44 per share for the current quarter, Zacks reports. Four analysts have made estimates for AbbVie’s earnings, with the highest EPS estimate coming in at $3.52 and the lowest estimate coming in at $3.38. AbbVie reported earnings of $3.11 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that AbbVie will report full-year earnings of $14.03 per share for the current financial year, with EPS estimates ranging from $13.85 to $14.14. For the next financial year, analysts forecast that the firm will report earnings of $11.81 per share, with EPS estimates ranging from $11.25 to $12.30. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow AbbVie.

AbbVie (NYSE:ABBVGet Rating) last posted its quarterly earnings results on Friday, April 29th. The company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.14 by $0.02. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.61 billion. AbbVie had a return on equity of 159.31% and a net margin of 22.00%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.95 EPS.

Several research firms have commented on ABBV. StockNews.com raised AbbVie from a “buy” rating to a “strong-buy” rating in a report on Friday, April 8th. UBS Group lowered AbbVie from a “buy” rating to a “neutral” rating and upped their price objective for the company from $129.00 to $147.00 in a research note on Monday, February 28th. Daiwa Capital Markets lowered AbbVie from an “outperform” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research note on Friday, May 6th. Bank of America upped their price objective on AbbVie from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, February 3rd. Finally, BMO Capital Markets upped their price objective on AbbVie from $161.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AbbVie has an average rating of “Buy” and a consensus target price of $159.44.

AbbVie stock traded down $0.71 during trading hours on Thursday, hitting $151.72. The stock had a trading volume of 5,849,546 shares, compared to its average volume of 7,881,893. The company has a 50-day moving average of $158.15 and a two-hundred day moving average of $141.40. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 3.89. The company has a market cap of $268.11 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 4.36 and a beta of 0.83. AbbVie has a fifty-two week low of $105.56 and a fifty-two week high of $175.91.

In other AbbVie news, Vice Chairman Robert A. Michael sold 43,105 shares of the stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $148.25, for a total value of $6,390,316.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey Ryan Stewart sold 27,690 shares of the stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $159.20, for a total value of $4,408,248.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 488,383 shares of company stock worth $74,384,651. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ABBV. Castle Financial & Retirement Planning Associates Inc. bought a new position in AbbVie in the 4th quarter valued at $25,000. Intelligent Financial Strategies acquired a new position in shares of AbbVie in the 4th quarter valued at $27,000. Psagot Value Holdings Ltd. Israel lifted its stake in shares of AbbVie by 311.3% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 4,360 shares of the company’s stock valued at $28,000 after purchasing an additional 3,300 shares during the period. Steward Financial Group LLC acquired a new position in shares of AbbVie in the 4th quarter valued at $30,000. Finally, GoalVest Advisory LLC acquired a new position in shares of AbbVie in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 67.03% of the company’s stock.

AbbVie Company Profile (Get Rating)

AbbVie Inc discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behçet's diseases; SKYRIZI to treat moderate to severe plaque psoriasis in adults; RINVOQ, a JAK inhibitor for the treatment of moderate to severe active rheumatoid arthritis in adult patients; IMBRUVICA to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), and VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection.

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