Brokers Set Expectations for Hikma Pharmaceuticals Plc’s FY2017 Earnings (HKMPF)

Hikma Pharmaceuticals Plc (OTCMKTS:HKMPF) – Jefferies Group decreased their FY2017 earnings per share estimates for shares of Hikma Pharmaceuticals in a report released on Monday. Jefferies Group analyst J. Vane-Tempest now forecasts that the company will earn $0.88 per share for the year, down from their previous estimate of $0.92. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Hikma Pharmaceuticals’ FY2018 earnings at $0.81 EPS, FY2019 earnings at $0.85 EPS, FY2020 earnings at $0.96 EPS and FY2021 earnings at $1.03 EPS.

Other analysts also recently issued research reports about the company. Morgan Stanley reissued an “equal weight” rating on shares of Hikma Pharmaceuticals in a research note on Tuesday, August 8th. Zacks Investment Research raised Hikma Pharmaceuticals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Goldman Sachs Group downgraded Hikma Pharmaceuticals from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold”.

Shares of Hikma Pharmaceuticals (OTCMKTS:HKMPF) opened at $13.60 on Tuesday. Hikma Pharmaceuticals has a 12 month low of $12.40 and a 12 month high of $27.50.

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About Hikma Pharmaceuticals

Hikma Pharmaceuticals PLC develops, manufactures, and markets a range of generic, branded, and in-licensed pharmaceutical products in solid, semi-solid, liquid, and injectable final dosage forms worldwide. It operates through three segments: Branded, Injectables, and Generic. The Branded segment offers 377 products in 1,125 dosage forms and strengths in the anti-infective, cardiovascular, diabetes, central nervous system (CNS), gastro-intestinal, oncology, respiratory, and miscellaneous therapeutic areas.

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