Lannett (LCI) Stock Forecast, Price & News

Lannett Company, Inc. (NYSE:LCI) released its earnings results on Wednesday, November, 3rd. The company reported ($1.08) earnings per share for the quarter, missing analysts' consensus estimates of ($1.00) by $0.08. The company earned $101.53 million during the quarter, compared to analyst estimates of $98.62 million. During the same quarter in the previous year, the business posted $0.24 earnings per share.

Lannett's stock reverse split before market open on Tuesday, February 7th 2023. The 1-4 reverse split was announced on Tuesday, February 7th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, February 7th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

9 employees have rated Lannett Chief Executive Officer Timothy Crew on Glassdoor.com. Timothy Crew has an approval rating of 28% among the company's employees. This puts Timothy Crew in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lannett investors own include Akorn (AKRX), Skechers U.S.A. (SKX), Integrated Device Technology (IDTI), Bank of America (BAC), Alibaba Group (BABA), Gilead Sciences (GILD), Micron Technology (MU), Rite Aid (RAD) and NVIDIA (NVDA).

Lannett trades on the New York Stock Exchange (NYSE) under the ticker symbol "LCI."

Lannett's stock is owned by many different retail and institutional investors. Top institutional shareholders include Telemus Capital LLC (32.34%), Telemus Capital LLC (17.89%), Group One Trading L.P. (0.00%), Wolverine Asset Management LLC (0.00%), LSV Asset Management (0.87%) and Assenagon Asset Management S.A. (0.67%). Insiders that own company stock include David A Drabik, Jeffrey Farber, John Abt, John C Chapman, John Kozlowski, Melissa Rewolinski, Patrick G Lepore, Patrick G Lepore, Samuel H Israel and Timothy C Crew.
View institutional ownership trends.

Lannett (NYSE:LCI) has a market capitalization of $0.00 and generates $340.58 million in revenue each year. The company earns $-231,620,000.00 in net income (profit) each year or ($18.88) on an earnings per share basis.

The company employs 810 workers across the globe.

Lannett's mailing address is 9000 STATE ROAD, PHILADELPHIA PA, 19136. The official website for the company is www.lannett.com. The company can be reached via phone at (215) 333-9000 or via fax at 215-333-9004.