Eli Lilly and - LLY Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eli Lilly and in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LLY shares.
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16 Wall Street research analysts have issued twelve-month target prices for Eli Lilly and's shares. Their LLY share price forecasts range from $264.00 to $412.00. On average, they expect the company's share price to reach $332.19 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
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Eli Lilly and's stock was trading at $276.22 at the beginning of 2022. Since then, LLY stock has increased by 11.9% and is now trading at $309.16.
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Eli Lilly and saw a increase in short interest in August. As of August 31st, there was short interest totaling 5,180,000 shares, an increase of 7.5% from the August 15th total of 4,820,000 shares. Based on an average daily trading volume, of 2,620,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Eli Lilly and Company (NYSE:LLY) posted its quarterly earnings results on Thursday, August, 4th. The company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.86 by $0.61. The firm earned $6.49 billion during the quarter, compared to the consensus estimate of $6.85 billion. Eli Lilly and had a trailing twelve-month return on equity of 85.58% and a net margin of 19.58%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 earnings per share.
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Eli Lilly and declared a quarterly dividend on Monday, June 27th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.98 per share on Friday, September 9th. This represents a $3.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, August 12th.
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 1.26%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 62.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LLY will have a dividend payout ratio of 41.66% 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 of Directors has authorized a share repurchase program on Monday, May 3rd 2021, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Eli Lilly and updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of $7.90-$8.05 for the period, compared to the consensus estimate of $8.08. The company issued revenue guidance of $28.80 billion-$29.30 billion, compared to the consensus revenue estimate of $28.27 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 variety of retail and institutional investors. Top institutional shareholders include Lilly Endowment Inc. (10.96%), State Street Corp (3.52%), FMR LLC (3.41%), Primecap Management Co. CA (2.99%), Price T Rowe Associates Inc. MD (2.15%) and Northern Trust Corp (1.15%). Insiders that own company stock include Aarti S Shah, Alfonso G Zulueta, Alonzo Weems, Anne E White, David A Ricks, Donald A Zakrowski, Ilya Yuffa, Jackson P Tai, Joshua L Smiley, 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 $309.16.

Eli Lilly and (NYSE:LLY) has a market capitalization of $293.76 billion and generates $28.32 billion in revenue each year. The company earns $5.58 billion in net income (profit) each year or $6.27 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.