Gilead Sciences Posts Q4 Earnings Beat, Slumps on Weak Guidance

Gilead Sciences Posts Q4 Earnings Beat, Slumps on Weak Guidance

The investment management firm now holds a total of 57,354 shares of Gilead Sciences which is valued at $4,155,297 according to the information filed on Feb 1, 2017.Gilead Sciences makes up approximately 2.16% of Dock Street Asset Management Inc's portfolio.

July 25, 2016: Gilead Sciences Inc. Post-earnings, GILD stock ranged between $72.45 and $74.35 after opening the day (11/02/2016) at $74. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. Over the last six months and over the last three months, the shares of Gilead Sciences Inc. MA ended last trade at $50.43 a share and the price is up more than 0.58% so far this year. That's down from the $29.9 billion in product sales the company had in 2016. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. On the 7th day After Earnings Report, the stock hit its share price as $73.58 by showing -0.04% decrease from the Stock price Before Earnings were reported. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. This is a positive change from Gilead Sciences's previous quarterly dividend of $0.47. The biopharmaceutical company reported $2.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by $0.12. Full-year profit views are for Gilead Sciences earn $11.41 in current year and grow profits by almost -9.52% over last year's earnings of $12.61.

Several equities research analysts have issued reports on the company. (GILD) reported Q2 earnings of $3.08, beating consensus estimates of $3.02.

Investors were expecting Gilead to issue a down outlook for 2017 but the numbers provided by the company Tuesday were absolutely bleak.

In other news, insider John C. Martin sold 73,337 shares of the firm's stock in a transaction on Tuesday, January 3rd. Robert W. Baird reissued an "outperform" rating and set a $100.00 target price on shares of Gilead Sciences in a research note on Wednesday, December 21st.

Shares of Gilead closed Tuesday at $73.13, with a consensus analyst price target of $93.36 and a 52-week trading range of $69.78 to $103.10. The company presently has a consensus rating of "Buy" and an average target price of $95.23. Let's take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Following the transaction, the director now owns 121,761 shares of the company's stock, valued at $9,115,028.46. The disclosure for this sale can be found here. The stock tumbled -11.3 percent over the last 6 months. The Company focuses on the discovery, development and commercialization of medicines in areas of unmet medical need.

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