Stocks: Becton Dickinson and Co. (BDX) to Post Q1 2017 Earnings of $2.09 Per Share, Jefferies Group Forecasts

Stocks: Becton Dickinson and Co. (BDX) to Post Q1 2017 Earnings of $2.09 Per Share, Jefferies Group Forecasts

Becton Dickinson and Co. (NYSE:BDX) – Equities researchers at Jefferies Group issued their Q1 2017 EPS estimates for Becton Dickinson and in a research note issued to investors on Thursday. Jefferies Group analyst B. Couillard forecasts that the firm will post earnings per share of $2.09 for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Becton Dickinson and’s Q3 2017 earnings at $2.52 EPS, Q4 2017 earnings at $2.49 EPS and FY2017 earnings at $9.50 EPS.

Becton Dickinson and (NYSE:BDX) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.03. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.22 billion. Becton Dickinson and had a return on equity of 24.44% and a net margin of 7.82%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS.

A number of other brokerages have also recently weighed in on BDX. Leerink Swann reiterated a “hold” rating on shares of Becton Dickinson and in a research note on Tuesday, August 9th. Cowen and Company reissued an “outperform” rating and issued a $185.00 target price on shares of Becton Dickinson and in a report on Tuesday, August 16th. Citigroup Inc. lowered Becton Dickinson and from a “neutral” rating to a “sell” rating and dropped their target price for the company from $167.00 to $165.00 in a report on Friday, September 23rd. Zacks Investment Research raised Becton Dickinson and from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday, November 9th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $189.00 target price (down previously from $197.00) on shares of Becton Dickinson and in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $175.39.

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Becton Dickinson and (NYSE:BDX) opened at 170.36 on Monday. Becton Dickinson and has a one year low of $129.50 and a one year high of $181.76. The firm has a 50-day moving average price of $173.95 and a 200-day moving average price of $171.84. The stock has a market cap of $36.27 billion, a price-to-earnings ratio of 37.94 and a beta of 1.04.

In other news, insider Stephen Sichak sold 10,352 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $176.10, for a total value of $1,822,987.20. Following the sale, the insider now directly owns 26,892 shares in the company, valued at $4,735,681.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Linda M. Tharby sold 11,704 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $177.27, for a total value of $2,074,768.08. Following the completion of the sale, the insider now owns 22,146 shares in the company, valued at $3,925,821.42. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the stock. Jarislowsky Fraser Ltd increased its stake in shares of Becton Dickinson and by 1,050.3% in the second quarter. Jarislowsky Fraser Ltd now owns 10,373,430 shares of the company’s stock valued at $531,241,000 after buying an additional 9,471,594 shares in the last quarter. JPMorgan Chase & Co. increased its position in Becton Dickinson and by 64.3% in the second quarter. JPMorgan Chase & Co. now owns 3,779,957 shares of the company’s stock valued at $641,043,000 after buying an additional 1,479,124 shares during the period. Bank of Montreal Can increased its position in Becton Dickinson and by 128.9% in the third quarter. Bank of Montreal Can now owns 1,602,619 shares of the company’s stock valued at $288,037,000 after buying an additional 902,427 shares during the period. Prudential Financial Inc. increased its position in Becton Dickinson and by 278.3% in the second quarter. Prudential Financial Inc. now owns 1,029,329 shares of the company’s stock valued at $174,563,000 after buying an additional 757,251 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in Becton Dickinson and during the second quarter valued at $102,860,000. Institutional investors and hedge funds own 82.26% of the company’s stock.

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