Is it time to Buy before this week’s earning report Lannett Stock Forecast, Price & News (NYSE:LCI)

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Earnings results for Lannett Stock Forecast, Price & News (NYSE:LCI)

Lannett Co Inc is expected* to report earnings on 08/26/2020 after market close. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.27. The reported EPS for the same quarter last year was $0.37.

Analyst Opinion on Lannett Stock Forecast, Price & News (NYSE:LCI)

3 Wall Street analysts have issued ratings and price targets for Lannett in the last 12 months. Their average twelve-month price target is $14.00, predicting that the stock has a possible upside of 126.54%. The high price target for LCI is $14.00 and the low price target for LCI is $14.00. There are currently 3 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Lannett has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $14.00, Lannett has a forecasted upside of 126.5% from its current price of $6.18. Lannett has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Lannett Stock Forecast, Price & News (NYSE:LCI)

Lannett does not currently pay a dividend. Lannett does not have a long track record of dividend growth.

Insiders buying/selling: Lannett Stock Forecast, Price & News (NYSE:LCI)

In the past three months, Lannett insiders have not sold or bought any company stock. Only 12.86% of the stock of Lannett is held by insiders. 91.22% of the stock of Lannett is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lannett Stock Forecast, Price & News (NYSE:LCI

Earnings for Lannett are expected to grow by 3.85% in the coming year, from $1.04 to $1.08 per share. The P/E ratio of Lannett is -7.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Lannett is -7.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Lannett has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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