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Teva Pharma Q4 Profit Beats Estimates; Reaffirms 2017 Non-GAAP Guidance

Teva Pharma Q4 Profit Beats Estimates; Reaffirms 2017 Non-GAAP Guidance

Want to see what other hedge funds are holding TEVA? Bridge Creek Capital Management LLC increased its position in Teva Pharmaceutical Industries Limited by 9.4% in the second quarter. In 2016 it earned $5.14 a share on an adjusted basis on revenue of $21.9 billion. Hudock Capital Group LLC increased its position in Teva Pharmaceutical Industries Limited by 37.6% in the second quarter. The stock floated in a price range of $14.53 to $15.41, with market capitalization of $2.84B. BTC Capital Management Inc. increased its position in shares of Teva Pharmaceutical Industries Limited by 13.4% in the second quarter. Bridge Creek Capital Management LLC now owns 20,604 shares of the company's stock valued at $1,035,000 after buying an additional 1,765 shares in the last quarter. Finally, AGF Investments America Inc. acquired a new position in Teva Pharmaceutical Industries Limited during the second quarter valued at $1,149,000.

"This is a critical time for Teva, and we are here to fix what is not working", he added during the company's call with investors Monday.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) had its price target lowered by Jefferies Group LLC from $36.00 to $33.00 in a research report released on Tuesday morning. TEVA has P/E (Price to Earnings ttm) value of 19.64, Forward P/E of 7.09, P/C (Price to cash per share) of 22.21 and Price to Free Cash Flow (P/FCF) value of 0. The company's price sits -8.83% below from its 50-day moving average of $34.65 and -29.12% away from the stock's 200-day moving average which is $43.09.

Teva, the world's biggest generic drug maker, was left without a permanent chief last week after Vigodman, an industry outsider, stepped down following a string of costly acquisitions and delayed drug launches which sent its shares to their lowest in more than 10 years.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) issued its earnings results on Monday.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) posted earnings of $1.31/Share in the previous quarter, as compared to earnings of $1.28/share estimated by analysts.

The company's net profit margin stands at -6.20% whereas its return on equity (ROE) is -12.90%. The business earned $6.25 billion during the quarter, compared to analysts' expectations of $6.26 billion. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has tumbled 6.53% during the past week and has dropped 5.24% in the last 4 week period. Investors of record on Thursday, March 2nd will be paid a $0.34 dividend.

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The stock now has its Annual Dividend of $1.36 and an annual Dividend Yield of 4 Percent. Teva Pharmaceutical Industries Limited's payout ratio is now 67.44%.

We maintain our Neutral rating on TEVA shares. If you are viewing this article on another publication, it was stolen and republished in violation of USA and worldwide copyright & trademark legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/02/14/teva-pharmaceutical-industries-limited-teva-issues-fy17-earnings-guidance.html.

Maxim Group decreased their target price on Teva Pharmaceutical Industries Limited from $41.00 to $40.00 and set a "hold" rating on the stock in a report on Monday. Citigroup Inc. reissued a buy rating and set a $47.00 price target on shares of Teva Pharmaceutical Industries Limited in a research report on Tuesday, February 7th. 23 Analysts think that the Price Target for Teva Pharmaceutical Industries Limited (NYSE:TEVA) might hit $42.65, however, the High Price Target and Low price Target are $80 and $31, respectively. Barclays PLC restated an "equal weight" rating and set a $46.00 price objective on shares of Teva Pharmaceutical Industries Limited in a research report on Wednesday, November 30th.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) stock ended Friday session in the red zone in a volatile trading.

Teva may also opt to sell other non-core assets, such as its active pharmaceutical ingredients business, the people said.

Research-and-development costs jumped 53% to $684 million, with expenses rising for both generics and specialty as well as from an upfront payment of $160 million to Celltrion to commercialize two biosimilar drugs. The Company operates through two segments: Generic medicines and Specialty medicines.

Global sales of Copaxone rose 6 percent in the quarter to $1.0 billion.

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