Things to Really Like About Bristol-Myers Squibb's Q4 Earnings Results

Bristol-Myers Squibb Cirrus Logic Arconic Inc SYSCO and more- PRE-MARKET

The company posted a fourth-quarter net loss of $2.33 billion compared with a year-ago profit of $894 million, due to a one-time $2.9 billion charge related to the new US tax reform law. Analysts expect annual earnings of $3.23 per share. Hedge funds and other institutional investors own 69.80% of the company's stock. Parnassus Ca has invested 0.71% in Bristol-Myers Squibb Company (NYSE:BMY). The consensus had expected adjusted profit of $3.20 per share on $21.2 billion in sales.

Bristol-Myers Squibb Company (NYSE:BMY) touched its 1-Year High price of $66.10 on 10/13/17 and its 1-Year Low price of $50.36 on 02/06/17. The stock decreased 0.41% or $0.26 during the last trading session, reaching $62.43. Finally, Arrowstreet Capital Limited Partnership grew its stake in Bristol-Myers Squibb by 42,071.5% in the 2nd quarter. Cornerstone Advisors Inc owns 0.41% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 56,000 shares. Btg Pactual Global Asset Management Ltd bought 5,000 shares as the company's stock rose 1.19% with the market.

BMY has price to earnings ratio of 24.97 and the price to current year EPS stands at 184.60%.

Also, Bristol-Myers Squibb's guidance for 2018 calls for revenue growth only in the low- to mid-single digit percentages.

In November, the company announced the European Medicines Agency (EMA) validated its type II variation application, which seeks to expand the current indications for Opdivo plus Yervoy to include the treatment of intermediate- and poor-risk patients with advanced RCC.

Tt International decreased its stake in Bristol Myers Squibb Co (BMY) by 43.51% based on its latest 2017Q3 regulatory filing with the SEC.

Steelers hiring former Penn State assistant Tom Bradley
He told PennLive this past season that he does not want to give up coaching Pittsburgh's current core of defensive line talent. He's previously been the defensive line coach for the Chicago Bears, Minnesota Vikings, New York Jets and Buffalo Bills .

Analysts expect Booz Allen Hamilton Holding Corporation (NYSE: BAH) to report quarterly earnings at $0.43 per share on revenue of $1.52 billion before the opening bell. Fincl Advisory Ser invested 0.17% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY).

Research and development expenses increased 37% to $1.9 billion in the quarter primarily due to license and asset acquisition charges of $377 million in the fourth quarter of 2017.

The company reported non-GAAP net earnings attributable to Bristol-Myers Squibb of $1.1 billion, or $0.68 per share, in the fourth quarter, compared to $1.1 billion, or $0.63 per share, for the same period in 2016.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, January 5th were given a dividend of $0.40 per share.

Shares of Bristol-Myers Squibb Co (BMY) opened at $63.48 on Monday. The ex-dividend date was Thursday, January 4th. Checchi Advisers Ltd Liability Com has invested 0.03% in Monsanto Company (NYSE:MON). Westwood Gru has 0.03% invested in Bristol-Myers Squibb Company (NYSE:BMY). 9,340 shares were sold by Caldarella Joseph C, worth $560,400. This works out to a net decrease in ownership of 11.03 million shares, and suggests that institutions are feeling bearish about the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas J. Jr. The shares were sold at an average price of $63.24, for a total transaction of $335,172.00. The disclosure for this purchase can be found here. Time Warner Inc. had 120 analyst reports since August 6, 2015 according to SRatingsIntel. Credit Suisse Group reissued a "hold" rating and issued a $61.00 price objective (up from $58.00) on shares of Bristol-Myers Squibb in a research note on Friday, October 27th. Spirit Of America Management Corp Ny has 0.09% invested in Bristol-Myers Squibb Company (NYSE:BMY). Leerink Swann lifted their price target on Bristol-Myers Squibb from $61.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, October 23rd. BMO Capital Markets set a $49.00 target price on Bristol-Myers Squibb and gave the company a "sell" rating in a report on Thursday, October 12th. The stock has "Hold" rating by RBC Capital Markets on Friday, September 15.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Seaward Limited Partnership has invested 0.25% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY).

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