Novartis (NYSE:NVS) released its earnings results on Thursday. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.25 by $0.03, Morningstar.com reports. Novartis had a return on equity of 16.18% and a net margin of 16.04%. The business had revenue of $12.69 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis.
Shares of NYSE:NVS opened at $77.88 on Friday. The company has a market capitalization of $183,079.03, a price-to-earnings ratio of 16.19, a PEG ratio of 1.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 1.21. Novartis has a 52-week low of $73.31 and a 52-week high of $94.19.
Large investors have recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. bought a new position in Novartis in the fourth quarter worth approximately $113,000. Calton & Associates Inc. bought a new position in Novartis in the fourth quarter worth approximately $118,000. SeaCrest Wealth Management LLC bought a new position in Novartis in the fourth quarter worth approximately $124,000. Trustcore Financial Services LLC bought a new position in Novartis in the fourth quarter worth approximately $178,000. Finally, Sawyer & Company Inc bought a new position in Novartis in the fourth quarter worth approximately $183,000. Institutional investors and hedge funds own 10.76% of the company’s stock.
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Novartis Company Profile
Novartis AG researches, develops, manufactures, and markets a range of healthcare products worldwide. The company's Innovative Medicines segment offers patented prescription medicines to enhance health outcomes for patients and health-care providers. This segment also commercializes products in the areas of oncology and rare diseases, ophthalmology, immunology and dermatology, neuroscience, respiratory, cardio-metabolic, and established medicines.
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