Lantheus (NASDAQ:LNTH – Get Rating) released its quarterly earnings results on Thursday. The medical equipment provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.25, Briefing.com reports. The business had revenue of $223.80 million during the quarter, compared to the consensus estimate of $204.51 million. Lantheus had a return on equity of 28.88% and a net margin of 4.88%. The business's revenue was up 121.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Lantheus updated its FY 2022 guidance to $3.50-$3.60 EPS and its Q3 2022 guidance to $0.80-$0.85 EPS.
Lantheus Trading Up 10.3 %
LNTH traded up $7.33 during midday trading on Friday, hitting $78.57. The company's stock had a trading volume of 1,703,905 shares, compared to its average volume of 1,357,643. The company has a current ratio of 1.85, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.39 billion, a P/E ratio of 182.72 and a beta of 0.79. The firm has a 50-day moving average price of $67.85 and a two-hundred day moving average price of $55.77. Lantheus has a 52-week low of $22.20 and a 52-week high of $81.43.
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Insider Buying and Selling at Lantheus
In other Lantheus news, CFO Robert J. Jr. Marshall sold 10,000 shares of Lantheus stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $63.27, for a total value of $632,700.00. Following the completion of the sale, the chief financial officer now owns 135,893 shares in the company, valued at approximately $8,597,950.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gerard Ber sold 1,277 shares of Lantheus stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $58.19, for a total value of $74,308.63. Following the transaction, the director now directly owns 32,703 shares of the company's stock, valued at approximately $1,902,987.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert J. Jr. Marshall sold 10,000 shares of Lantheus stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $63.27, for a total value of $632,700.00. Following the completion of the transaction, the chief financial officer now directly owns 135,893 shares in the company, valued at $8,597,950.11. The disclosure for this sale can be found here. Insiders sold 26,798 shares of company stock worth $1,676,307 in the last 90 days. 1.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Lantheus
Several hedge funds and other institutional investors have recently modified their holdings of LNTH. Fairfield Bush & CO. acquired a new position in shares of Lantheus in the 1st quarter valued at about $177,000. Mackenzie Financial Corp acquired a new position in shares of Lantheus in the 1st quarter valued at about $212,000. Pearl River Capital LLC acquired a new position in Lantheus during the 1st quarter worth approximately $226,000. First Republic Investment Management Inc. acquired a new position in Lantheus during the 1st quarter worth approximately $228,000. Finally, PNC Financial Services Group Inc. lifted its position in Lantheus by 30.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,721 shares of the medical equipment provider's stock worth $261,000 after acquiring an additional 1,099 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LNTH has been the subject of a number of recent research reports. Truist Financial lifted their price objective on Lantheus from $77.00 to $94.00 in a research report on Monday, May 2nd. B. Riley initiated coverage on Lantheus in a research report on Monday, May 9th. They set a "buy" rating and a $91.00 price objective for the company. Finally, SVB Leerink lifted their price objective on Lantheus from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday.
Lantheus Company Profile
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Lantheus Holdings, Inc develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in the diagnosis and treatment of heart, cancer, and other diseases worldwide. It provides DEFINITY, a microbubble ultrasound enhancing agent used in ultrasound exams of the heart; TechneLite, a technetium generator for nuclear medicine; Xenon-133 to assess pulmonary function; Neurolite to identify the area within the brain where blood flow has been blocked or reduced due to stroke; Cardiolite, an injectable Tc-99m-labeled imaging agent; Thallium-201 to detect cardiovascular disease; and Gallium-67 to detect various infections and cancerous tumors.
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