In the last trading session, 3.18 million shares of the Viatris Inc (NASDAQ:VTRS) were traded, and its beta was 0.93. Most recently the company’s share price was $11.44, and it changed around -$0.04 or -0.35% from the last close, which brings the market valuation of the company to $13.65B. VTRS currently trades at a discount to its 52-week high of $13.62, offering almost -19.06% off that amount. The share price’s 52-week low was $8.74, which indicates that the current value has risen by an impressive 23.6% since then. We note from Viatris Inc’s average daily trading volume that its 10-day average is 4.33 million shares, with the 3-month average coming to 7.86 million.
Viatris Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.91. If we narrow it down even further, the data shows that 2 out of 11 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended VTRS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Viatris Inc is expected to report earnings per share of 0.68 for the current quarter.
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Viatris Inc (NASDAQ:VTRS) trade information
Instantly VTRS has showed a red trend with a performance of -0.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.81 on recent trading dayincreased the stock’s daily price by 3.13%. The company’s shares are currently up 5.63% year-to-date, but still down -2.72% over the last five days. On the other hand, Viatris Inc (NASDAQ:VTRS) is -1.55% down in the 30-day period. We can see from the shorts that 22.6 million shares have been sold at a short interest cover period of 2.49 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 18.29% from its current value. Analyst projections state that VTRS is forecast to be at a low of $12 and a high of $15.
Viatris Inc (VTRS) estimates and forecasts
Viatris Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.12 percent over the past six months and at a -8.87% annual growth rate that is well below the industry average of 7.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -13.90% in revenue this quarter, and will report an increase of 1.60% in the next quarter. The year-over-year growth rate is expected to be -4.00%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 3.71B in revenue for the current quarter. 6 analysts expect Viatris Inc to make 3.63B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.94B and 3.84B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.80%. Forecasts for the next quarter put sales growth at -5.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -41.87%. Viatris Inc earnings are expected to increase by -8.94% in 2024, but the outlook is negative -3.41% per year for the next five years.
VTRS Dividends
Viatris Inc’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 4.20 percent and its annual dividend per share was 0.48. It is important to note, however, that the 4.20% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.89 per year.
Viatris Inc (NASDAQ:VTRS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.32% of Viatris Inc shares, and 84.28% of them are in the hands of institutional investors. The stock currently has a share float of 84.55%. Viatris Inc stock is held by 1335.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.7406% of the shares, which is about 140.32 million shares worth $1.49 billion.
BLACKROCK INC., with 7.7533% or 92.67 million shares worth $985.06 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
