Analysts Expect Lannett Company, Inc. (NYSE:LCI) Will Post Earnings of $0.27 Per Share

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Wall Street analysts expect Lannett Company, Inc. (NYSE:LCI) to announce earnings of $0.27 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Lannett’s earnings, with estimates ranging from $0.23 to $0.29. Lannett posted earnings per share of $0.86 during the same quarter last year, which would indicate a negative year-over-year growth rate of 68.6%. The business is expected to report its next earnings results on Wednesday, February 5th.

On average, analysts expect that Lannett will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.23. For the next financial year, analysts forecast that the firm will report earnings of $1.52 per share, with EPS estimates ranging from $1.41 to $1.66. Zacks’ EPS averages are an average based on a survey of research analysts that follow Lannett.

Lannett (NYSE:LCI) last released its earnings results on Wednesday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. Lannett had a return on equity of 25.40% and a net margin of 0.52%. The firm had revenue of $127.30 million during the quarter, compared to analysts’ expectations of $120.78 million. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s revenue was down 17.9% on a year-over-year basis.

A number of research firms recently issued reports on LCI. Zacks Investment Research downgraded Lannett from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. ValuEngine raised Lannett from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Roth Capital restated a “neutral” rating on shares of Lannett in a research note on Wednesday, August 28th. Finally, SunTrust Banks upped their price target on Lannett from $10.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Lannett currently has a consensus rating of “Hold” and an average price target of $11.63.

In related news, Director Albert Paonessa III sold 16,195 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $12.54, for a total value of $203,085.30. Following the completion of the transaction, the director now owns 45,945 shares of the company’s stock, valued at $576,150.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.57% of the company’s stock.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Lannett by 4.6% during the 2nd quarter. BlackRock Inc. now owns 5,020,124 shares of the company’s stock worth $30,421,000 after buying an additional 218,778 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Lannett by 10.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,451,212 shares of the company’s stock valued at $20,914,000 after purchasing an additional 339,593 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lannett by 33.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,689,687 shares of the company’s stock worth $16,300,000 after purchasing an additional 678,248 shares during the last quarter. Morgan Stanley increased its position in shares of Lannett by 19.0% during the 2nd quarter. Morgan Stanley now owns 859,597 shares of the company’s stock worth $5,210,000 after purchasing an additional 137,101 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Lannett by 5.5% during the 2nd quarter. Prudential Financial Inc. now owns 726,803 shares of the company’s stock worth $4,404,000 after purchasing an additional 37,850 shares during the last quarter.

Shares of Lannett stock traded up $0.31 during trading on Friday, reaching $8.80. The stock had a trading volume of 1,090,258 shares, compared to its average volume of 1,552,192. The company has a current ratio of 2.43, a quick ratio of 1.60 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $354.95 million, a price-to-earnings ratio of 3.74 and a beta of 2.16. The stock has a fifty day moving average price of $10.25 and a two-hundred day moving average price of $8.54. Lannett has a 52 week low of $4.33 and a 52 week high of $15.52.

Lannett Company Profile

Lannett Company, Inc develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the United States. The company offers solid oral and extended release, topical, liquid, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, suspension, soft gel, and injectable dosages.

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Earnings History and Estimates for Lannett (NYSE:LCI)

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