Over the past 12 fiscal quarters, Shire plc (NASDAQ:SHPG) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. Shares of Shire plc (SHPG) have dropped -5.7% since the company’s last earnings report.SHPG last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $3.64 per share, 123.31% change on the same period last year. That was better than consensus for $3.58. Revenue for the recent quarter stood at $3.87 billion, up 5% on last year and above the $3.82 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.75 billion to $4.07 billion, which should be compared with $4.17 billion generated last year. EPS is seen in a range of $3.38 to $3.9, against the $4.09 reported a year ago.
SHPG’s 50 day simple moving average (SMA 50) price is $176.31 and its 200-day simple moving average (SMA 200) price is $164.61. The company’s stock currently has a total float of 299.41M shares. Its weekly volatility is hovering around 1.74% and felt 1.37% volatility in price over a month. On the upside, the share price will test short term resistance at around $179.32. On a downside, the stock is likely to find some support, which begins at $176.23. The failure to get near-term support could push it to $174.32.
Wall Street’s most bullish Shire plc (NASDAQ:SHPG) analysts are predicting the share price to blow past $225 per share during the next 12 months. The current median share price forecast by them is $196, suggesting that the stock could increase 10.03% in that time frame. The average price target of $198 calls for a nearly 11.15% increase in the stock price.
It had seen a negative analyst call from Berenberg, which downgraded the stock from Buy to Hold on September 07. Analysts at Bernstein, shed their positive views on September 04 by lowering it fromOutperform to Mkt Perform. Analysts at Kepler, made their first call about the stock on May 11, recommending it is Buy. JP Morgan analysts came out with bearish views on February 20 when the call was made. They think the stock is now Neutral compared to to their prior call for Overweight.
When looking at valuations, Shire plc (SHPG) has a cheap P/E of 22.45x as compared to industry average of 31.13x. Moreover, it trades for 11.33 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.46x price/book and 3.42x price/sales. Compared to others, Shire plc is in a different league with regards to profitability, having net margins of 30.6%. To put some perspective around this, the industry’s average net margin is 11.16%. SHPG’s ROE is 13%, which is also considerably worse than the industry’s ROE of 16.92%. It’s also not liquid in the near term, with a current ratio of 0.9. The stock has a debt/capital of 0.41.
Shire plc (NASDAQ:SHPG) recently claimed $53.68B as the price has approached $178.13. There came a 3.87% growth with the closing bell on Thursday. The stock remained range bound between $175.51 and $178.6. Trading activity significantly improved as the volume at ready counter increased to 4,175,724 shares versus 1,818,095 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,219,175 shares. The stock is now 43.97% above against its bear-market low of $123.73 on February 09, 2018. It has retreated -2.44% since it’s 52-week high of $182.47 reached in November. Now the market price is up 23.24% on the year and up 14.83% YTD.