Eli Lilly and - LLY Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eli Lilly and in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LLY shares.
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13 Wall Street research analysts have issued 12-month target prices for Eli Lilly and's shares. Their LLY share price forecasts range from $286.00 to $455.00. On average, they predict the company's share price to reach $384.11 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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Eli Lilly and's stock was trading at $365.84 on January 1st, 2023. Since then, LLY shares have decreased by 7.3% and is now trading at $339.08.
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Eli Lilly and saw a decline in short interest in January. As of January 15th, there was short interest totaling 4,930,000 shares, a decline of 12.3% from the December 31st total of 5,620,000 shares. Based on an average trading volume of 2,840,000 shares, the short-interest ratio is currently 1.7 days. Currently, 0.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Eli Lilly and Company (NYSE:LLY) announced its quarterly earnings results on Thursday, February, 2nd. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.83 by $0.26. The firm had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.39 billion. Eli Lilly and had a net margin of 20.63% and a trailing twelve-month return on equity of 80.80%. The business's quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 earnings per share.
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Eli Lilly and declared a quarterly dividend on Monday, December 12th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $1.13 per share on Friday, March 10th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, February 14th. This is an increase from the stock's previous quarterly dividend of $0.98.
Read our dividend analysis for LLY.

Eli Lilly and (NYSE:LLY) pays an annual dividend of $3.92 per share and currently has a dividend yield of 1.14%. 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 58.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LLY will have a dividend payout ratio of 47.63% 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 announced that its board has approved a share repurchase program on Monday, May 3rd 2021, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Eli Lilly and updated its FY23 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $8.35-$8.55 for the period, compared to the consensus EPS estimate of $8.31. The company issued revenue guidance of $30.3-$30.8 billion, compared to the consensus revenue estimate of $30.57 billion.

399 employees have rated Eli Lilly and 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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "LLY."

Eli Lilly and's stock is owned by a number of institutional and retail investors. Top institutional investors include Lilly Endowment Inc. (10.83%), Fisher Asset Management LLC (0.42%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), New York State Common Retirement Fund (0.16%), New York State Teachers Retirement System (0.10%) and DekaBank Deutsche Girozentrale (0.08%). Insiders that own company stock include Aarti S Shah, Acquisition Corp Kearny, Alfonso G Zulueta, Alonzo Weems, Donald A Zakrowski, Ilya Yuffa, Jackson P Tai, Lilly Endowment Inc, Marschall S Runge, Melissa S Barnes, Myles O'neill and Stephen F Fry.
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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 $339.08.

Eli Lilly and (NYSE:LLY) has a market capitalization of $322.19 billion and generates $28.32 billion in revenue each year. The company earns $5.58 billion in net income (profit) each year or $6.66 on an earnings per share basis.

The company employs 35,000 workers across the globe.

Eli Lilly and'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.