Equities research analysts expect Iqvia Holdings Inc (NYSE:IQV) to post sales of $2.14 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Iqvia’s earnings, with the highest sales estimate coming in at $2.15 billion and the lowest estimate coming in at $2.13 billion. Iqvia posted sales of $1.95 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The company is scheduled to announce its next earnings results on Tuesday, February 13th.
On average, analysts expect that Iqvia will report full-year sales of $2.14 billion for the current year, with estimates ranging from $8.02 billion to $8.06 billion. For the next financial year, analysts expect that the firm will report sales of $8.53 billion per share, with estimates ranging from $8.49 billion to $8.61 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Iqvia.
Iqvia (NYSE:IQV) last issued its quarterly earnings results on Thursday, October 26th. The medical research company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. Iqvia had a net margin of 0.58% and a return on equity of 12.60%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 77.6% compared to the same quarter last year.
A number of brokerages have issued reports on IQV. SunTrust Banks reissued a “hold” rating and issued a $114.00 target price on shares of Iqvia in a report on Friday, November 3rd. Jefferies Group raised their target price on shares of Iqvia from $107.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Zacks Investment Research cut shares of Iqvia from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $115.00) on shares of Iqvia in a report on Tuesday, October 31st. Finally, Barclays raised their target price on shares of Iqvia from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $106.94.
In related news, insider James H. Erlinger III sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $100.51, for a total transaction of $1,005,100.00. Following the transaction, the insider now owns 27,340 shares in the company, valued at $2,747,943.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ari Bousbib sold 46,080 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $108.14, for a total transaction of $4,983,091.20. Following the transaction, the insider now owns 1,036,839 shares in the company, valued at approximately $112,123,769.46. The disclosure for this sale can be found here. Insiders sold 8,806,558 shares of company stock worth $898,722,108 in the last 90 days. 6.40% of the stock is owned by company insiders.
Shares of Iqvia (NYSE:IQV) traded down $2.24 during mid-day trading on Friday, hitting $97.28. 1,795,900 shares of the stock traded hands, compared to its average volume of 1,294,333. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.29. Iqvia has a twelve month low of $74.80 and a twelve month high of $110.67. The company has a market capitalization of $20,230.00, a PE ratio of 335.45, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61.
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Iqvia Company Profile
IQVIA Holdings Inc, formerly Quintiles IMS Holdings, Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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