Gilead 2017 hepatitis C sales forecast disappoints, shares drop

08 February, 2017, 00:55 | Author: Sam Montgomery
  • Should You Buy Gilead Sciences Inc Stock Ahead Of The Earnings

Many analysts are providing their Estimated Earnings analysis for Gilead Sciences Inc. and for the current quarter 23 analysts have projected that the stock could give an Average Earnings estimate of $2.61/share. Gilead Sciences makes up approx 0.06% of Vigilant Capital Management's portfolio. (NASDAQ:GILD) opened at 72.39 on Tuesday. The company is set at a mean analysts' recommendation of 2.20. Beacon Investment Advisory Services Inc. now owns 1,653,145 shares of the biopharmaceutical company's stock worth $1,379,000 after buying an additional 1,636,698 shares during the last quarter. The stock stands -1.21% below the average-price of 50 days and -0.46% compared with the SMA 20.

More analysts at Reuters have a buy or better ratings (17) on the Gilead Sciences Inc. stock than those who have a hold (12) rating while the 12-month target price suggested by the average analysts is $93.36.

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HIV and other antiviral product sales for the fourth quarter of 2016 were $3.4 billion, compared to $3.0 billion for the same period in 2015. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 6.72. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. In Gilead Sciences, Inc. (NASDAQ:GILD)'s expected mean EPS was $3.02, the company reported its quarterly earnings per share of $3.03 on 7/25/2016 After Market Close, beating the analysts' consensus estimate by 0.01 with surprise factor of 0.33%. The company's distance from 52-week high price is -28.51% and current price is above +3.74% from 52-week low price. Following the release, the stock was initially down almost 4% at $70.38 in the after-hours trading session. Gilead reported $30 billion for the full year 2016. Investors and analysts will be looking for the company to next post earnings on or around 2017-02-07. Robert W. Baird reissued an "outperform" rating and set a $100.00 target price on shares of Gilead Sciences in a research note on Wednesday, December 21st. At present, the Gross Margin for Gilead Sciences Inc.

In related news, insider John C. Martin sold 73,337 shares of Gilead Sciences stock in a transaction that occurred on Tuesday, January 3rd. Post-earnings, GILD stock ranged between $87.8 and $92.53 after opening the day (04/29/2016) at $91.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Madigan sold 105,000 shares of the business's stock in a transaction dated Friday, November 18th. Its Day High was -7.00% and Day Low showed 4.61%. The disclosure for this sale can be found here. The Stock now has a Weekly Volatility of 1.50% and Monthly Volatility of 1.60%. The Company focuses on the discovery, development and commercialization of medicines in areas of unmet medical need.

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