$610.64 Million in Sales Expected for Catalent (CTLT) This Quarter

Wall Street brokerages expect Catalent (NYSE:CTLT) to post sales of $610.64 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Catalent’s earnings. The lowest sales estimate is $599.58 million and the highest is $622.50 million. Catalent posted sales of $532.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The firm is expected to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Catalent will report full-year sales of $610.64 million for the current year, with estimates ranging from $2.44 billion to $2.47 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.66 billion per share, with estimates ranging from $2.53 billion to $2.76 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Catalent.

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Catalent (NYSE:CTLT) last issued its earnings results on Monday, February 5th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. Catalent had a return on equity of 23.85% and a net margin of 3.03%. The business had revenue of $606.30 million during the quarter, compared to analyst estimates of $565.05 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Catalent’s revenue was up 25.3% on a year-over-year basis.

A number of equities analysts have weighed in on the company. KeyCorp raised Catalent from a “sector weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Wednesday, March 28th. Zacks Investment Research raised Catalent from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday. UBS raised Catalent from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 21st. Raymond James Financial raised Catalent from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Wednesday, March 21st. They noted that the move was a valuation call. Finally, Stephens lowered Catalent from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.75.

Shares of NYSE:CTLT opened at $39.00 on Friday. Catalent has a fifty-two week low of $27.48 and a fifty-two week high of $47.87. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $5,298.09, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.53.

In other news, SVP William Downie sold 9,082 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $41.80, for a total transaction of $379,627.60. Following the completion of the sale, the senior vice president now owns 46,986 shares of the company’s stock, valued at approximately $1,964,014.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTLT. Zions Bancorporation bought a new position in shares of Catalent during the 3rd quarter valued at approximately $100,000. First Bank & Trust grew its stake in shares of Catalent by 54.2% during the 4th quarter. First Bank & Trust now owns 3,764 shares of the company’s stock valued at $155,000 after acquiring an additional 1,323 shares during the period. CAPROCK Group Inc. bought a new position in shares of Catalent during the 4th quarter valued at approximately $203,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Catalent during the 4th quarter valued at approximately $242,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Catalent by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,325 shares of the company’s stock valued at $301,000 after acquiring an additional 2,282 shares during the period. 99.89% of the stock is owned by hedge funds and other institutional investors.

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About Catalent

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through three segments: Softgel Technologies, Drug Delivery Solutions, and Clinical Supply Services. The Softgel Technologies segment offers formulation, development, and manufacturing services for softgels, which are used in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, and unit-dose cosmetics.

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Earnings History and Estimates for Catalent (NYSE:CTLT)

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