Eli Lilly and Company (NASDAQ:LLY) To Release Earnings

Eli Lilly is reviewing options for animal health business Elanco that could include a sale

Analysts await Eli Lilly and Co (NYSE:LLY) to report earnings on October, 24 before the open. Over the past few months, insider ownership has seen a move of -1.19% while institutional ownership has changed -0.02%. Cowen & Co maintained the shares of LLY in report on Saturday, August 22 with "Outperform" rating.

Eli Lilly and Company's average Free Cash Flow per Share Growth Rate was 48.2 percent during the past 12 months. Next quarter's EPS is expected be $1.04 with next year's EPS anticipated to be $4.61. Shine Investment Advisory Services Inc. bought a new stake in shares of Eli Lilly and during the 2nd quarter valued at $148,000. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in LLY to 18790 shares. On October 4, 2017, Endowment Inc Lilly executed a direct sell involving 205000 shares. Looking back over the last month, shares have performed 4.68%. Integrated Wealth Management now owns 1,389 shares of the company's stock valued at $112,000 after buying an additional 50 shares during the period. The Average Volume of the company is 3.6 Million, while the Volume of the company in the last trading session was 4.9 Billion. The shares were sold at an average price of $86.81, for a total value of $17,796,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eli Lilly and Company (NYSE:LLY) continues to be a formidable company.

October 10 investment analysts at BMO Capital kept the stock rating at "Underperform" and moved up the price target to $73.00 from $64.00.

Shifting focus on performance of the Eli Lilly and Company (NYSE:LLY) that has shown a discernible change in trend levels over the path of recent market activity. Walnut Private Equity Partners Llc who had been investing in Oneok Inc New for a number of months, seems to be bullish on the $21.26B market cap company. The stock's 50 day moving average is $84.58 and its 200-day moving average is $82.25. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02.

Average Revenue Estimate for the current quarter is $5.89 Billion, according to consensus forecast of 14 analysts.

Revenue rose 9% to $5.66bn, driven by growth of newer products led by Trulicity with sales of $527.7m.

Additionally the company announced a dividend for shareholders that was paid on Fri Sep 8, 2017. (NYSE:OKE). Cetera Advsr Llc invested in 0.01% or 4,239 shares.

Excluding items, Lilly earned $1.05 per share for the quarter, topping analysts' expectations by 2c, according to Thomson Reuters I/B/E/S. The ex-dividend date of this dividend is Monday, February 13th.

This April 26, 2017, photo shows the Eli Lilly & Co. corporate headquarters in Indianapolis. Investors may choose to review analyst projections and then make their own decisions on what they think the company will report for the quarter.

The market experts are predicting a 20.44% rally, based on the high target price ($105) for Eli Lilly and Company shares that is likely to be hit in the 52 weeks. Atlantic Securities initiated Eli Lilly and Co (NYSE:LLY) on Friday, December 18 with "Overweight" rating. Finally, Credit Suisse Group cut shares of Eli Lilly and from an outperform rating to a neutral rating and boosted their target price for the company from $84.23 to $88.00 in a research report on Tuesday, October 10th. Citigroup Inc. reaffirmed a "buy" rating on shares of Eli Lilly and in a research report on Tuesday, November 8th.

WARNING: This story was first posted by TrueBlueTribune and is the property of of TrueBlueTribune.

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