Leerink Swann Weighs in on Endo International plc -‘s FY2017 Earnings (ENDP)
Endo International plc – (NASDAQ:ENDP) (TSE:ENL) – Leerink Swann issued their FY2017 EPS estimates for shares of Endo International in a research note issued to investors on Tuesday, according to Zacks Investment Research. Leerink Swann analyst A. Fadia expects that the company will post earnings per share of $3.65 for the year. Leerink Swann currently has a “Outperform” rating and a $12.00 price target on the stock. Leerink Swann also issued estimates for Endo International’s Q4 2017 earnings at $0.57 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $0.79 EPS, FY2018 earnings at $3.02 EPS, FY2019 earnings at $3.20 EPS, FY2020 earnings at $2.92 EPS and FY2021 earnings at $2.73 EPS.
Other analysts have also recently issued research reports about the stock. Mizuho reissued a “buy” rating on shares of Endo International in a research report on Friday, November 10th. Zacks Investment Research raised shares of Endo International from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, October 11th. ValuEngine raised shares of Endo International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr cut shares of Endo International from a “strong-buy” rating to a “buy” rating and set a $8.92 price target on the stock. in a research report on Monday, December 18th. Finally, Cantor Fitzgerald set a $9.00 price target on shares of Endo International and gave the stock a “hold” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Endo International has a consensus rating of “Hold” and a consensus target price of $10.79.
Endo International (NASDAQ:ENDP) (TSE:ENL) last announced its earnings results on Thursday, November 9th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The company had revenue of $786.90 million during the quarter, compared to analyst estimates of $794.93 million. Endo International had a negative net margin of 126.97% and a positive return on equity of 66.98%. Endo International’s revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share.
Large investors have recently modified their holdings of the stock. Blair William & Co. IL acquired a new stake in Endo International in the second quarter valued at approximately $126,000. Oakbrook Investments LLC acquired a new stake in Endo International in the fourth quarter valued at approximately $133,000. LMR Partners LLP acquired a new stake in Endo International during the third quarter worth approximately $148,000. Riverhead Capital Management LLC raised its holdings in Endo International by 64.4% during the second quarter. Riverhead Capital Management LLC now owns 15,025 shares of the company’s stock worth $168,000 after purchasing an additional 5,887 shares in the last quarter. Finally, Bank of Hawaii acquired a new stake in Endo International during the second quarter worth approximately $180,000. 93.10% of the stock is currently owned by hedge funds and other institutional investors.
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About Endo International
Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.
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