Eli Lilly and Company (LLY) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eli Lilly and Company in the last twelve months. There are currently 1 sell rating, 1 hold rating and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LLY shares.
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21 analysts have issued 1-year price objectives for Eli Lilly and Company's shares. Their LLY share price forecasts range from $278.00 to $640.00. On average, they anticipate the company's share price to reach $532.78 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
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Eli Lilly and Company's stock was trading at $365.84 at the start of the year. Since then, LLY shares have increased by 50.5% and is now trading at $550.54.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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Eli Lilly and Company (NYSE:LLY) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.13. The business earned $8.31 billion during the quarter, compared to the consensus estimate of $7.58 billion. Eli Lilly and Company had a net margin of 22.01% and a trailing twelve-month return on equity of 65.00%. The company's revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share.
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Eli Lilly and Company declared a quarterly dividend on Monday, June 26th. Stockholders of record on Tuesday, August 15th will be given a dividend of $1.13 per share on Friday, September 8th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for LLY.

ETFs with the largest weight of Eli Lilly and Company (NYSE:LLY) stock in their portfolio include iShares U.S. Pharmaceuticals ETF (IHE), Harbor Health Care ETF (MEDI), Invesco S&P 500 Momentum ETF (SPMO), Horizon Kinetics Medical ETF (MEDX), Goldman Sachs Future Health Care Equity ETF (GDOC), iShares U.S. Healthcare ETF (IYH), Health Care Select Sector SPDR Fund (XLV) and Vanguard Health Care ETF (VHT).

Eli Lilly and Company (NYSE:LLY) pays an annual dividend of $4.52 per share and currently has a dividend yield of 0.82%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 62.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LLY will have a dividend payout ratio of 34.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LLY.

Eli Lilly and Company updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $9.70-$9.90 for the period, compared to the consensus EPS estimate of $8.71. The company issued revenue guidance of $33.40 billion-$33.90 billion, compared to the consensus revenue estimate of $31.44 billion.

399 employees have rated Eli Lilly and Company Chief Executive Officer David A. Ricks on Glassdoor.com. David A. Ricks has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eli Lilly and Company investors own include Johnson & Johnson (JNJ), Pfizer (PFE), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Bristol-Myers Squibb (BMY), Walt Disney (DIS), AT&T (T), Verizon Communications (VZ) and JPMorgan Chase & Co. (JPM).

Eli Lilly and Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "LLY."

Eli Lilly and Company's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Lilly Endowment Inc. (10.64%), PNC Financial Services Group Inc. (5.46%), State Street Corp (3.57%), Capital World Investors (2.83%), Bank Julius Baer & Co. Ltd Zurich (2.01%) and State Farm Mutual Automobile Insurance Co. (1.83%). Insiders that own company stock include Acquisition Corp Kearny, Alonzo Weems, Anne E White, Donald A Zakrowski, Ilya Yuffa, Jackson P Tai, Johna Norton, Lilly Endowment Inc, Marschall S Runge and Patrik Jonsson.
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Shares of LLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LLY stock can currently be purchased for approximately $550.54.

Eli Lilly and Company (NYSE:LLY) has a market capitalization of $522.62 billion and generates $28.54 billion in revenue each year. The company earns $6.24 billion in net income (profit) each year or $7.19 on an earnings per share basis.

The company employs 39,000 workers across the globe.

Eli Lilly and Company's mailing address is LILLY CORPORATE CENTER, INDIANAPOLIS IN, 46285. The official website for the company is www.lilly.com. The company can be reached via phone at (317) 276-2000, via email at johnson_philip_l@lilly.com, or via fax at 317-276-4878.