C.R. Bard Inc. (NYSE:BCR) – Equities research analysts at Jefferies Group raised their FY2016 earnings estimates for shares of C.R. Bard in a research note issued on Wednesday. Jefferies Group analyst R. Denhoy now forecasts that the firm will post earnings of $10.27 per share for the year, up from their previous estimate of $10.15. Jefferies Group has a “Hold” rating and a $237.00 price objective on the stock. Jefferies Group also issued estimates for C.R. Bard’s Q4 2016 earnings at $2.75 EPS, Q1 2017 earnings at $2.63 EPS, Q2 2017 earnings at $2.82 EPS, Q3 2017 earnings at $2.89 EPS, Q4 2017 earnings at $2.99 EPS, FY2017 earnings at $11.33 EPS, Q1 2018 earnings at $2.88 EPS, Q2 2018 earnings at $3.12 EPS, Q3 2018 earnings at $3.19 EPS, FY2018 earnings at $12.52 EPS and FY2019 earnings at $13.70 EPS.
C.R. Bard (NYSE:BCR) last posted its earnings results on Tuesday, October 25th. The company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.09. C.R. Bard had a return on equity of 48.13% and a net margin of 14.05%. The firm earned $941.90 million during the quarter, compared to analysts’ expectations of $931.66 million. During the same period in the previous year, the firm earned $2.28 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $240.00 target price on shares of C.R. Bard in a report on Wednesday, July 27th. Morgan Stanley reaffirmed a “hold” rating and issued a $240.00 target price on shares of C.R. Bard in a report on Thursday, July 28th. Deutsche Bank AG raised their price objective on C.R. Bard from $234.00 to $240.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Barclays PLC raised their price objective on C.R. Bard from $224.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. Finally, Zacks Investment Research downgraded C.R. Bard from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. C.R. Bard currently has an average rating of “Hold” and a consensus target price of $233.07.
C.R. Bard (NYSE:BCR) opened at 214.71 on Friday. C.R. Bard has a 1-year low of $172.21 and a 1-year high of $239.43. The firm has a market capitalization of $15.77 billion, a PE ratio of 32.43 and a beta of 0.50. The firm has a 50-day moving average price of $221.52 and a 200-day moving average price of $221.74.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new position in C.R. Bard during the first quarter valued at $100,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of C.R. Bard by 415.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the company’s stock valued at $104,000 after buying an additional 357 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of C.R. Bard by 43.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 454 shares of the company’s stock valued at $107,000 after buying an additional 138 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of C.R. Bard by 4.9% in the third quarter. Advisory Services Network LLC now owns 513 shares of the company’s stock valued at $115,000 after buying an additional 24 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in shares of C.R. Bard during the second quarter valued at approximately $123,000. 87.90% of the stock is owned by hedge funds and other institutional investors.
In other news, VP John A. Deford sold 7,928 shares of C.R. Bard stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $221.06, for a total value of $1,752,563.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Betty D. Larson sold 4,032 shares of C.R. Bard stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $225.33, for a total value of $908,530.56. Following the completion of the transaction, the vice president now directly owns 10,298 shares of the company’s stock, valued at $2,320,448.34. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Monday, October 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, October 20th. C.R. Bard’s dividend payout ratio (DPR) is presently 15.48%.
About C.R. Bard