In today’s recent session, 9.39 million shares of the Lilly(Eli) & Co (NYSE:LLY) have been traded, and its beta is 0.42. Most recently the company’s share price was $848.02, and it changed around -$55.56 or -6.15% from the last close, which brings the market valuation of the company to $805.99B. LLY at last check was trading at a discount to its 52-week high of $972.53, offering almost -14.68% off that amount. The share price’s 52-week low was $547.61, which indicates that the recent value has risen by an impressive 35.42% since then. We note from Lilly(Eli) & Co’s average daily trading volume that its 10-day average is 2.1 million shares, with the 3-month average coming to 2.89 million.
Lilly(Eli) & Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.62. If we narrow it down even further, the data shows that 1 out of 22 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended LLY as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Lilly(Eli) & Co is expected to report earnings per share of 1.47 for the current quarter.
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Lilly(Eli) & Co (NYSE:LLY) trade information
Instantly LLY has been showing red trend so far today with a performance of -6.15% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 907.98 on recent trading dayincreased the stock’s daily price by 6.6%. The company’s shares are currently up 45.48% year-to-date, but still down -6.11% over the last five days. On the other hand, Lilly(Eli) & Co (NYSE:LLY) is -4.12% down in the 30-day period. We can see from the shorts that 5.79 million shares have been sold at a short interest cover period of 2.19 day(s).
The consensus price target as assigned by Wall Street analysts is $899, which translates to bulls needing to increase their stock price by 5.67% from its current value. Analyst projections state that LLY is forecast to be at a low of $300 and a high of $1150.
Lilly(Eli) & Co (LLY) estimates and forecasts
Lilly(Eli) & Co share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.18 percent over the past six months and at a 117.72% annual growth rate that is well above the industry average of 7.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 1,370.00% in revenue this quarter, and will report an increase of 119.70% in the next quarter. The year-over-year growth rate is expected to be 35.50%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 12.11B in revenue for the current quarter. 13 analysts expect Lilly(Eli) & Co to make 14.01B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.5B and 9.35B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.50%. Forecasts for the next quarter put sales growth at 49.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.74%. Lilly(Eli) & Co earnings are expected to increase by 112.30% in 2024, but the outlook is positive 34.55% per year for the next five years.
LLY Dividends
Lilly(Eli) & Co’s next quarterly earnings report is expected to be released on 2024-Oct-30. The annual dividend yield of the stock is 0.59 percent and its annual dividend per share was 5.03. It is important to note, however, that the 0.59% 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 1.29 per year.
Lilly(Eli) & Co (NYSE:LLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.15% of Lilly(Eli) & Co shares, and 83.59% of them are in the hands of institutional investors. The stock currently has a share float of 83.72%. Lilly(Eli) & Co stock is held by 4509.0 institutions, with LILLY ENDOWMENT INC being the largest institutional investor. By 2024-06-30, it held 10.809% of the shares, which is about 97.37 million shares worth $88.15 billion.
VANGUARD GROUP INC, with 8.1993% or 73.86 million shares worth $66.87 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 27.02 shares worth $23.23 billion, making up 2.84% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 20.49 shares worth around $17.61 billion, which represents about 2.16% of the total shares outstanding.
