Stock Update: Mead Johnson Nutrition Company (NYSE:MJN) – Mead Johnson Schedules First Quarter 2016 Earnings Conference Call

[Business Wire] – Mead Johnson Nutrition Company will release its first quarter 2016 earnings on Thursday, April 28, 2016, before the market opens. The company will host a conference call at 8:30 a.m. Read more on this. Mead Johnson Nutrition Company (MJN) , currently valued at $15.89B, began trading this morning at $84.70. Today, shares have traded between $84.23 and $85.32 per share and has traded between $65.53 and $104.34 over the past 12 months. Mead Johnson (MJN) shares are currently priced at 24.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.83x earnings multiple for the same period. The company pays shareholders $1.65 per share in dividend income per year, for a current yield of 2.00%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $0.85 per share, which would be $0.24 worse than the year-ago quarter and a $0.14 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.51 is a $0.07 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $957.03 Million. If realized, that would be a 12.20% decrease over the year-ago quarter. More recently, Credit Suisse upgraded MJN from Neutral to Outperform (Mar 16, 2016). Previously, Nomura downgraded MJN from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $81.58, which is 3.68% below than it opened this morning. See more in (NYSE:MJN) Similar Articles: Market Update: Mead Johnson Nutrition Company (NYSE:MJN) – Morning Analysis on Processed & Packaged Goods Equities — Mead Johnson Nutrition, Kellogg, Treehouse Foods, and Flowers Foods Market Update (NYSE:MJN): Mead Johnson Nutrition Delivers Earnings Per Share Above Guidance for Fourth Quarter and Full Year 2015; Provides 2016 Guidance Stock Update: Mead Johnson Nutrition Company (NYSE:MJN) – Mead Johnson Nutrition Reports Third Quarter and Nine-Month 2015 Earnings; Updates 2015 Guidance; and Announces $1.5 Billion Share Repurchase Plan