Bristol-Myers Squibb Company (NYSE:BMY ) Wells Fargo 2024 Healthcare Conference September 6, 2024 12:00 AM ET Company Participants Adam Lenkowsky - Chief Commercialization Officer Conference Call Participants Mohit Bansal - Wells Fargo Cerena Chen - Wells Fargo Mohit Bansal All right. Good morning on a Friday.
BMY has appreciated 26.56% since July but remains undervalued with a 4.8% yield, trading at less than 8 times 2025 earnings. Q2 earnings validated my thesis with a $680 million revenue beat and a $6.47 swing in non-GAAP EPS, showing strong profitability. Rate cuts will allow BMY to refinance nearly $50 billion in debt, reducing interest expenses and boosting margins.
Zenas BioPharma, which is developing immunology-based therapies, said on Friday it is targeting a valuation of as much as $689.7 million in its initial public offering in the United States.
Bristol Myers Squibb (BMY) closed at $49.80 in the latest trading session, marking a -0.32% move from the prior day.
Bristol-Myers Squibb Company (NYSE:BMY ) Morgan Stanley 22nd Annual Global Healthcare Conference September 5, 2024 1:05 PM ET Company Participants Chris Boerner - Chief Executive Officer David Elkins - Executive Vice President and Chief Financial Officer Conference Call Participants Terence Flynn - Morgan Stanley Terence Flynn Okay, great. Thanks for joining us everybody.
Recent results from Bristol Myers Squibb support an improving outlook. The company is benefiting from strong demand for its new medications.
An investment in these two stocks could pay off handsomely over the next five to 10 years. Bristol Myers is an established healthcare business with a portfolio of blockbuster drugs.
Bristol Myers Squibb (BMY) closed at $49.95 in the latest trading session, marking a +0.46% move from the prior day.
Zacks.com users have recently been watching Bristol Myers (BMY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
24/7 Wall St. Insights Dividend stocks are starting to outperform in the second half of 2024.
Shares of several drugmakers and biotechnology firms moved higher on Wednesday, notching some of the day's top performances in the S&P 500.
Dividend stocks with less-than 75% payout ratios tend to outperform long term. The high-yield dividend payers AT&T, Bristol Myers Squibb, and Chevron stand out on this crucial measure.