Shire PLC (NASDAQ:SHPG) Releases FY17 Earnings Guidance

The FTSE 100 drugmaker could split in two
Paul Grover

As of 12:36 BST, Shire's share price had added 2.36 percent to 4,328.00p, outperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.43 percent higher at 7,443.51 points.

For 2017, the company now expects earnings per ADS to be in the range of $5.65 - $6.05, non-GAAP earnings per ADS of $14.80 - $15.20, and Total product sales of $14.3 billion- $14.6 billion. For the next financial year, analysts anticipate that the business will report sales of $16.51 billion per share, with estimates ranging from $15.50 billion to $18.38 billion. Analysts polled by Thomson Reuters expected the company to report earnings of $3.54 per share.

Shire PLC (SHPG) lowered its full-year sales expectations Thursday as it braced for a new low-priced competitor to its ulcerative colitis drug Lialda. The company further lifted its earnings guidance, having generated stronger-than-expected costs savings from its acquisition of blood disease specialist Baxalta past year. Shire PLC had a net margin of 2.14% and a return on equity of 13.05%. The firm had revenue of $3.57 billion for the quarter. During the same quarter in the prior year, the business earned $2.12 EPS. The company noted that it had over-delivered on cost synergies in the first year of Baxalta's acquisition, recognising $400 million in savings versus a $300-million target.

Several brokerages recently commented on SHPG. Finally, Goldman Sachs Group, Inc. HSBC Holdings plc cut shares of Shire PLC from a "hold" rating to a "reduce" rating in a report on Friday, May 19th.

Shire PLC (NASDAQ:SHPG) last issued its earnings results on Tuesday, May 2nd. Piper Jaffray Companies set a $159.00 price objective on Shire PLC and gave the company a "hold" rating in a research note on Wednesday, July 26th. Barclays PLC reiterated an "overweight" rating and issued a GBX 6,500 ($85.74) price target on shares of Shire PLC in a research note on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company.

Shire Pharma PLC (LON:SHP) said it is mulling a separate listing for its neuroscience franchise as it revealed the cost savings from the US$32bn takeover of USA rival Baxalta were now ahead of forecast.

Battlefield 1 CTE Hits PlayStation 4 and Xbox One
Have you already tried out Battlefield 1's Community Test Environment? You will need a Premium Pass to play, however. Battlefield 1 players on PlayStation 4 and Xbox One can now participate in the Community Test Environment.

A number of other hedge funds have also modified their holdings of the company. HPM Partners LLC bought a new stake in Shire PLC during the first quarter valued at approximately $1,534,000. Laurion Capital Management LP bought a new stake in shares of Shire PLC during the first quarter valued at about $10,611,000. BlackRock Inc. increased its stake in Shire PLC by 4,217.7% in the first quarter. Inc. now owns 640 shares of the biopharmaceutical company's stock valued at $112,000 after buying an additional 19 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Shire PLC by 19.7% in the first quarter. FTB Advisors Inc. now owns 749 shares of the biopharmaceutical company's stock valued at $132,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 21.05% of the company's stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another website, it was illegally copied and reposted in violation of global trademark and copyright legislation.

Shire PLC (NASDAQ:SHPG) opened at 167.10 on Thursday. The company has a market capitalization of $49.77 billion, a price-to-earnings ratio of 171.38 and a beta of 1.60.

Shire, the London-listed pharmaceutical firm built up by acquisitions, said it might spin off its hyperactivity drugs business into a separate company and focus exclusively on rare disease treatments.

Shire Pharmaceuticals Ireland is involved in the research, development and marketing of prescription medicines.

Related News:

  • Cooper Tire & Rubber Company

    Shares of Hormel Foods Corporation (NYSE:HRL) observed rebound of 5.83% since bottoming out at $32.26 on Jul. 11, 2017. A high current ratio indicates that the company does not have trouble managing their working capital.

    Stills From Next Week's Game of Thrones Online

    If and when the Stark kids find out what he did to their family, he'll be dead before Arya can say "valar morghulis". Then we jump to Jaime and Bronn in what looks to be an exterior set stolen from fellow HBO show Westworld .
    Jhajharia, Sardar recommended for Khel Ratna Awards

    Jhajharia, Sardar recommended for Khel Ratna Awards

    The awards selection committee has also recommended 17 names for the Arjuna award, including two para-athletes. Myneni is a victor of mixed doubles gold and a silver in the men's doubles at the 2014 Incheon Asian Games.
  • 7 in coaches poll, UW's highest preseason ranking in 20 years

    7 in coaches poll, UW's highest preseason ranking in 20 years

    Along with Florida State, Alabama will face four teams now in the top 25: No. 12 LSU , No. 13 Auburn and No. 24 Tennessee . One of the biggest signs of the approaching season is the release of the preseason poll , and the first major one is out.
    Oppenheimer Cuts Rating On Teva Pharmaceutical Industries (TEVA)

    Oppenheimer Cuts Rating On Teva Pharmaceutical Industries (TEVA)

    Ridgewood Investments LLC boosted its stake in shares of Teva Pharmaceutical Industries Limited by 9.6% in the second quarter. Lastly, this outlook reflects the continued deterioration of political and economic conditions in Venezuela.
    Chelsea striker Diego Costa to demand Atletico Madrid transfer

    Chelsea striker Diego Costa to demand Atletico Madrid transfer

    Costa has been linked with a return to Atletico Madrid , however the Rojiblancos are under a transfer embargo until January 2018.
  • Karp Capital Management Corp Takes Position in Preferred Apartment Communities Inc. (APTS)

    Karp Capital Management Corp Takes Position in Preferred Apartment Communities Inc. (APTS)

    Lastly, Park Avenue Securities bought a new stake in Mid-America Apartment Communities during the Q1 assessed at roughly $239,000. The Company is formed to acquire and operate multifamily properties in select targeted markets throughout the United States.
    Watch The First 'Death Wish' Trailer Starring Bruce Willis

    Watch The First 'Death Wish' Trailer Starring Bruce Willis

    Charles Bronson starred in the original 1974 film, which spawned four sequels. I mean I really think this can be his Taken .
    Jacobs Engineering to buy CH2M Hill in $3.27 bln deal

    Jacobs Engineering to buy CH2M Hill in $3.27 bln deal

    If you are accessing this piece on another site, it was stolen and republished in violation of global copyright & trademark laws. Finally, Invictus RG bought a new stake in shares of Jacobs Engineering Group during the first quarter valued at about $178,000.
  • Corbyn allies 'backing wrong side' in crisis-hit Venezuela

    Corbyn allies 'backing wrong side' in crisis-hit Venezuela

    Violent protests have been ongoing in the nation since April has led to the deaths of more than 120 people, according to national figures.

    Tesla Reports Wider Loss For Q2

    But Musk said there "will be significant carryover" from Model 3 production in order to bring the compact SUV to market faster. A bill to spend US$3 billion on electric auto subsidies is now in a state Senate committee.
    NOTA in the Rajya Sabha polls: an explainer

    NOTA in the Rajya Sabha polls: an explainer

    The Congress petition had sought the quashing of the August 1 circular issued by the secretary of the Gujarat Assembly. The voter has to show the marked ballot to the party's polling agent before putting it in the ballot box.

Most liked

3D Systems Corporation (DDD) Position Boosted by TIAA CREF Investment Management LLC
Investment Management of Virginia LLC increased its stake in shares of 3D Systems Corporation by 5.5% in the first quarter. However, lower sales in APAC and less revenue from professional printers offset the greater demand in the other sectors.

Narcos trailer: Cali Cartel operates much differently than Pablo Escobar
Finally, " Narcos " character Chepe Santacruz Londono operates the Satellite empire of the drug network in Columbia. According to Deadline, the focus for season 3 of " Narcos " will be returning to the all-powerful #Cali Cartel .

Dave Chappelle: Trump is "a bad DJ at a good party"
The comedian gave his thoughts on the commander in chief during an appearance on Stephen Colbert's Late Show on Wednesday night. He said, " I think he will make more reforms and better voting; we will work it out".

Cops: Houston woman fatally shoots husband after finding him with another woman
Davis was charged with murder after she admitted to her role in Johnson's death. 'You know these things are love things '. Johnson, a father of one, was transferred to the Ben Taub Hospital , where he died from injuries reported .

Milkshake Fulfills Dying Wish
Mr Fello told Cleveland's Fox 8 News that he had never dealt with an order like this one in the restaurant's 47-year history. He then contacted the restaurant's general information email address - before the restaurant owner replied.

Samsung Galaxy Note8 official pictures leaked ahead of official launch
According to Vodafone Australia, Samsung Galaxy S8 and S8+ will be receiving an update to Android 7.1.1 Nougat really soon. The Gear VR is one of the better headsets around, packing plenty of Oculus-exclusive goodies - then there's the S8 itself.

Federation Internationale de Football Association 18 Will Include Multiple Versions of Historic Players
FIFA Ultimate Team will be getting a bit of a change when FIFA 18 comes out with the FIFA Ultimate Team Icons mechanic. EA Sports has announced to bring some of the most iconic players in the history of football to FUT 18 on PS4.

Ofcom: UK Has Become "a Nation of Binge Viewers"
Average daily viewing time is down 36 minutes from 2010, at three hours and 51 minutes per adult (16-plus) per day in 2016. Almost half of all British adults (45%) admit they binge alone every single day, and 92% say they do at least monthly.

Women cause $900 worth of damage at Chick-fil-A
Music said at that point the manager had locked the doors to the restaurant and was on the phone with police. The woman then moves out of the view of the camera but appears to throw something across the restaurant.

Corn, Soybean Futures Recover From Selloff
INTL FCStone on Tuesday projected the USA 2017 soybean crop at 4.235 billion bushels, with an average yield of 47.7 bpa. Higher on a technical bounce a day after the most-active November contract fell more than 3 percent to a one-month low.

Dukes Of Hazzard Star Arrested In Waltham
According to the Reagle Music Theatre , " 42nd Street " is opening Thursday afternoon and is scheduled to run through August 13. He was slapped with an indecent assault charge for allegedly inappropriately touching the anonymous female victim.

Man Utd's Mata confident of banishing Super Cup curse
United face Real Madrid on Tuesday in the Uefa Super Cup in Macedonia, following their Europa League victory last season. The Armenian crossed the ball to Darmian who crossed it to the back post right onto the head of Mkhitaryan.

Here Are Liverpool & Celtic's Potential Champions League Play-Off Opponents
The Reds could however, face Turkish league runners-up Basaksehir who are among the unseeded teams - Liverpool are seeded . All the clubs mentioned above wounded have qualified from Pot 3 had they made it past the playoff round.

Uniqlo has vending machines. Yes, really
The company has yet to confirm whether there will be any vending machines installed in airports and malls outside of the US. The vending machine-inspired design will roll out to a further nine U.S. locations throughout August and September.

Oscar Pistorius taken to hospital, reports say chest pains
He was jailed for five years but, in October 2015, was released into house arrest after serving a fifth of his sentence. He didn't want to discuss further information about his status until he could speak with Arnold Pistorius, his uncle.