Over the past 12 fiscal quarters, Mylan N.V. (NASDAQ:MYL) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 6 quarters (50%), whereas at 0 occasion EPS met analyst expectations. Shares of Mylan N.V. (MYL) have gained 1.2% since the company’s last earnings report.MYL last reported earnings on November 05, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.25 per share, -76.05% change on the same period last year. That was better than consensus for $1.19. Revenue for the recent quarter stood at $2.86 billion, down -4% on last year and below the $2.91 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.78 billion to $2.87 billion, which should be compared with $0 generated last year. EPS is seen in a range of $1.14 to $1.35, against the 0 reported a year ago.
MYL’s 50 day simple moving average (SMA 50) price is $29.54 and its 200-day simple moving average (SMA 200) price is $34.99. The company’s stock currently has a total float of 512.12M shares. Its weekly volatility is hovering around 2.6% and felt 2.75% volatility in price over a month. On the upside, the share price will test short term resistance at around $31.96. On a downside, the stock is likely to find some support, which begins at $30.63. The failure to get near-term support could push it to $30.01.
Separately, it has been reported that multiple insider activity took place at Mylan N.V. (MYL). Director Coury Robert J sold 200,000 shares for $995,164 in transaction occurred on 2018/03/06. After making this transaction, the Director owns a direct stake of 8,186,000 shares, worth $31,098,875, as per the last closing price. On 2018/03/06 Campbell Paul, dumped 7,030 shares at an average price of $44.01 per share. The selling total is valued at $695,469.
President, Malik Rajiv had divested 50,000 shares for $784,169 through a trade on 2018/03/02. Following this activity, the insider holds 2,045,500 shares worth $24,505,281 as of recent close. Wall Street’s most bullish Mylan N.V. (NASDAQ:MYL) analysts are predicting the share price to blow past $55 per share during the next 12 months. The current median share price forecast by them is $40.5, suggesting that the stock could increase 29.6% in that time frame. The average price target of $40.56 calls for a nearly 29.79% increase in the stock price.
It had seen a negative analyst call from UBS, which downgraded the stock from Buy to Neutral on January 23. Analysts at Argus, shed their negative views on November 15 by lifting it fromHold to Buy. The stock won favor of BofA/Merrill analysts who expressed their confidence in it using an upgrade from Neutral to Buy on November 06.
When looking at valuations, Mylan N.V. (MYL) has a cheap P/E of 25.24x as compared to industry average of 32.22x. Moreover, it trades for 6.19 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.33x price/book and 1.38x price/sales. Compared to others, Mylan N.V. is in a different league with regards to profitability, having net margins of 4.7%. To put some perspective around this, the industry’s average net margin is 6.09%. MYL’s ROE is 4.3%, which is also considerably worse than the industry’s ROE of 14.19%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 1.2.
Mylan N.V. (NASDAQ:MYL) recently claimed $16.05B as the price has approached $31.25. There came a -1.54% decline with the closing bell on Wednesday. The stock remained range bound between $30.72 and $32.05. Trading activity significantly improved as the volume at ready counter increased to 5,006,896 shares versus 4,594,875 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,563,336 shares. The stock is now 20.05% above against its bear-market low of $26.03 on December 24, 2018. It has retreated -41.38% since it’s 52-week high of $44.18 reached in March. Now the market price is down -23.03% on the year and up 14.05% YTD.