Johnson & Johnson stock fell 2.4 percent on Tuesday, Oct. 13 at 9:34 a.m. ET after the company posted its third-quarter earnings results. The healthcare company's third-quarter sales and earnings beat analysts’ consensus estimates. However, the stock fell after the company paused a clinical trial of its experimental coronavirus vaccine candidate after one participant's unexplained illness.
When did JNJ report earnings?
JNJ released its third-quarter 2020 earnings results on Oct. 13 before the opening bell. The company scheduled its earnings conference call on the same day at 8:30 a.m. ET. Financial analysts and investors could attend the webcast and view the presentation material on the investor relations section of the company’s website.
JNJ’s earnings report highlights
In the third quarter, JNJ reported an adjusted EPS of $2.20 compared to $2.12 in the third quarter of 2019. The adjusted EPS beat analysts’ average estimate of $1.98. JNJ generated sales of $21.1 billion in the third quarter, which was 1.7 percent more than the third quarter of 2019. The company beat analysts’ average sales estimate of $20.2 billion. The growth was due to JNJ’s pharmaceutical business.
JNJ increased its sales and earnings guidance for fiscal 2020. The company raised its sales guidance to $81.2 billion–$82.0 billion from $79.9 billion–$81.4 billion. The company raised its adjusted EPS guidance to $7.95–$8.05 from $7.75–$7.95.
What is JNJ’s stock price today?
Johnson & Johnson stock trades on the NYSE under the ticker symbol “JNJ.” The stock was down about 1.1 percent at $150.20 in the pre-market trading session on Oct. 13 as of 9:14 a.m. ET. The stock rose 0.6 percent on Oct. 12 and closed at $151.84 with a market capitalization of $399.8 billion.
JNJ stock has risen by 3.8 percent in the last five days and 14.3 percent in the last year. The stock is trading 3.3 percent below its 52-week high of $157 and 39.1 percent above its 52-week low of $109.16.
What is JNJ’s dividend yield?
As of Oct. 12, JNJ’s dividend yield was 2.66 percent. Currently, the company pays an annual dividend of $4.04 per share. JNJ has increased its dividend for the last 24 years by an average of 6 percent each year.
What is JNJ’s stock forecast?
Currently, Wall Street analysts' stock price forecast for JNJ is $164.59, which suggests an 8.4 percent upside. The highest target price of $180 indicates an 18.5 percent upside, while the lowest target price of $142 indicates a 6.5 percent downside. Among the 23 analysts covering JNJ, 12 have a buy rating, eight have a hold rating, and three have a sell rating.