Equities analysts expect Catalent (NYSE:CTLT) to report earnings per share of $0.39 for the current quarter, Zacks reports. Five analysts have provided estimates for Catalent’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.31. Catalent posted earnings per share of $0.38 during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The company is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Catalent will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.73. For the next year, analysts forecast that the firm will post earnings of $1.88 per share, with EPS estimates ranging from $1.58 to $1.97. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Catalent.
Catalent (NYSE:CTLT) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. The firm had revenue of $606.30 million during the quarter, compared to the consensus estimate of $565.05 million. Catalent had a return on equity of 23.85% and a net margin of 3.03%. Catalent’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share.
A number of research analysts recently commented on the company. KeyCorp raised Catalent from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Wednesday, March 28th. Zacks Investment Research raised Catalent from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, April 6th. Stephens downgraded Catalent from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. UBS raised Catalent from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 21st. Finally, Raymond James Financial raised Catalent from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Wednesday, March 21st. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.75.
CTLT traded down $0.36 on Friday, reaching $40.15. The company’s stock had a trading volume of 249,143 shares, compared to its average volume of 878,536. The company has a market capitalization of $5,332.75, a P/E ratio of 29.67, a P/E/G ratio of 2.18 and a beta of 1.53. Catalent has a 1 year low of $27.56 and a 1 year high of $47.87. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.78 and a current ratio of 2.22.
In related news, SVP William Downie sold 9,082 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $41.80, for a total value of $379,627.60. Following the sale, the senior vice president now directly owns 46,986 shares in the company, valued at approximately $1,964,014.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of CTLT. Zions Bancorporation acquired a new position in shares of Catalent during the 3rd quarter valued at $100,000. First Bank & Trust increased its position in shares of Catalent by 54.2% during the 4th quarter. First Bank & Trust now owns 3,764 shares of the company’s stock valued at $155,000 after purchasing an additional 1,323 shares during the period. CAPROCK Group Inc. acquired a new position in shares of Catalent during the 4th quarter valued at $203,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Catalent during the 4th quarter valued at $242,000. Finally, Trexquant Investment LP acquired a new position in shares of Catalent during the 3rd quarter valued at $257,000. Institutional investors own 99.89% of the company’s stock.
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Catalent Company Profile
Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through three segments: Softgel Technologies, Drug Delivery Solutions, and Clinical Supply Services. The Softgel Technologies segment offers formulation, development, and manufacturing services for softgels, which are used in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, and unit-dose cosmetics.
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