GlaxoSmithKline plc (GSK) Expected to Announce Earnings of $0.64 Per Share

Wall Street analysts expect GlaxoSmithKline plc (NYSE:GSK) to post $0.64 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for GlaxoSmithKline’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.72. GlaxoSmithKline reported earnings of $0.65 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.5%. The business is expected to issue its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that GlaxoSmithKline will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.76 to $3.00. For the next fiscal year, analysts expect that the firm will report earnings of $2.81 per share, with EPS estimates ranging from $2.72 to $3.01. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for GlaxoSmithKline.

Several analysts have issued reports on GSK shares. BidaskClub upgraded GlaxoSmithKline from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Argus restated a “buy” rating and set a $50.00 price objective on shares of GlaxoSmithKline in a research note on Thursday, August 31st. Morgan Stanley cut GlaxoSmithKline from an “equal weight” rating to an “underweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co restated a “neutral” rating on shares of GlaxoSmithKline in a research note on Thursday, September 14th. Finally, Zacks Investment Research upgraded GlaxoSmithKline from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. GlaxoSmithKline presently has a consensus rating of “Hold” and a consensus price target of $39.71.

Shares of GlaxoSmithKline (GSK) traded down $0.20 during midday trading on Friday, reaching $34.66. The company’s stock had a trading volume of 5,751,502 shares, compared to its average volume of 3,498,092. GlaxoSmithKline has a 12-month low of $34.72 and a 12-month high of $44.53. The firm has a market capitalization of $86,076.94, a PE ratio of 12.41, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.64 and a quick ratio of 0.44.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.5037 per share. The ex-dividend date is Thursday, November 9th. This is a positive change from GlaxoSmithKline’s previous quarterly dividend of $0.49. This represents a $2.01 annualized dividend and a dividend yield of 5.81%. GlaxoSmithKline’s dividend payout ratio is 163.12%.

In related news, major shareholder Plc Glaxosmithkline bought 428,571 shares of the stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $14.00 per share, with a total value of $5,999,994.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of GSK. FMR LLC grew its position in shares of GlaxoSmithKline by 5.9% in the second quarter. FMR LLC now owns 25,024,276 shares of the pharmaceutical company’s stock valued at $1,079,047,000 after purchasing an additional 1,389,238 shares during the last quarter. Fisher Asset Management LLC lifted its stake in GlaxoSmithKline by 2.3% during the third quarter. Fisher Asset Management LLC now owns 12,828,251 shares of the pharmaceutical company’s stock worth $520,827,000 after purchasing an additional 293,866 shares during the period. Renaissance Technologies LLC lifted its stake in GlaxoSmithKline by 112.1% during the second quarter. Renaissance Technologies LLC now owns 9,338,000 shares of the pharmaceutical company’s stock worth $402,655,000 after purchasing an additional 4,935,900 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in GlaxoSmithKline by 7.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,416,927 shares of the pharmaceutical company’s stock worth $341,727,000 after purchasing an additional 569,600 shares during the period. Finally, Federated Investors Inc. PA lifted its stake in GlaxoSmithKline by 22.7% during the second quarter. Federated Investors Inc. PA now owns 4,511,155 shares of the pharmaceutical company’s stock worth $194,521,000 after purchasing an additional 833,501 shares during the period. 9.83% of the stock is owned by institutional investors and hedge funds.

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GlaxoSmithKline Company Profile

GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.

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Earnings History and Estimates for GlaxoSmithKline (NYSE:GSK)

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