Endo International PLC (NASDAQ:ENDP) (TSE:ENL) – Oppenheimer Holdings increased their FY2017 earnings per share estimates for Endo International PLC in a report released on Monday. Oppenheimer Holdings analyst D. Archila now forecasts that the company will post earnings of $3.56 per share for the year, up from their prior forecast of $3.52. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Endo International PLC’s Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.66 EPS, FY2020 earnings at $3.68 EPS and FY2021 earnings at $3.91 EPS.
Endo International PLC (NASDAQ:ENDP) (TSE:ENL) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. The business had revenue of $875.73 million for the quarter, compared to analysts’ expectations of $832.66 million. Endo International PLC had a positive return on equity of 37.58% and a negative net margin of 126.93%. Endo International PLC’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share.
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ENDP has been the topic of a number of other research reports. Royal Bank Of Canada set a $15.00 price objective on Endo International PLC and gave the stock a “hold” rating in a research note on Sunday, July 16th. BidaskClub upgraded Endo International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Endo International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Deutsche Bank AG lowered their price objective on Endo International PLC from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, July 7th. Finally, Cantor Fitzgerald assumed coverage on Endo International PLC in a research note on Friday, June 16th. They set a “neutral” rating and a $12.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the stock. Endo International PLC currently has an average rating of “Hold” and a consensus target price of $12.64.
In related news, CEO Paul Campanelli bought 6,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $7.71 per share, with a total value of $50,115.00. Following the acquisition, the chief executive officer now owns 213,620 shares of the company’s stock, valued at $1,647,010.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Terrance J. Coughlin bought 20,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $7.70 per share, for a total transaction of $154,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 181,369 shares in the company, valued at approximately $1,396,541.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 36,000 shares of company stock worth $279,460 over the last ninety days. Company insiders own 0.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. James Investment Research Inc. acquired a new position in shares of Endo International PLC in the 2nd quarter valued at about $113,000. Blair William & Co. IL acquired a new position in shares of Endo International PLC in the 2nd quarter valued at about $126,000. Point View Wealth Management Inc. lifted its stake in shares of Endo International PLC by 16.6% in the 2nd quarter. Point View Wealth Management Inc. now owns 13,331 shares of the company’s stock valued at $149,000 after purchasing an additional 1,900 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Endo International PLC by 64.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 15,025 shares of the company’s stock valued at $168,000 after purchasing an additional 5,887 shares during the period. Finally, Bank of Hawaii acquired a new position in shares of Endo International PLC in the 2nd quarter valued at about $180,000. 90.71% of the stock is currently owned by hedge funds and other institutional investors.
Endo International PLC Company Profile
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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