Eli Lilly and - LLY Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eli Lilly and in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LLY shares.
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12 brokers have issued 12 month price targets 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 stock price to reach $384.11 in the next year. This suggests a possible upside of 14.2% 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 8.1% and is now trading at $336.30.
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Eli Lilly and saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 4,930,000 shares, a drop of 12.3% from the December 31st total of 5,620,000 shares. Based on an average daily volume of 2,840,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.6% of the company's stock are short sold.
View Eli Lilly and's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LLY earnings forecast.

Eli Lilly and Company (NYSE:LLY) issued its earnings results on Thursday, February, 2nd. The company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.26. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.39 billion. Eli Lilly and had a trailing twelve-month return on equity of 76.24% and a net margin of 21.88%. The firm's revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 EPS.
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Eli Lilly and announced a quarterly dividend on Monday, December 12th. Stockholders 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 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, February 14th. This is a boost 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 1.16%. 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 56.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LLY will have a dividend payout ratio of 32.80% 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 declared that its Board of Directors has approved a share buyback plan on Monday, May 3rd 2021, which allows the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Eli Lilly and issued an update on its FY23 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $8.35-$8.55 for the period, compared to the consensus earnings per share 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 retail and institutional investors. Top institutional shareholders 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 $336.30.

Eli Lilly and (NYSE:LLY) has a market capitalization of $319.55 billion and generates $28.54 billion in revenue each year. The company earns $6.24 billion in net income (profit) each year or $6.90 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.