Iqvia Holdings Inc (IQV) released its first quarter results on Friday, April 23, 2021. The company reported net earnings of $1.09 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 160 percent compared to the same period a year ago.
IQVIA Holdings Inc. was founded in 1982 and is headquartered in Durham, North Carolina. IQVIA Holdings Inc. provides advanced analytics, technology solutions, and clinical research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.
Iqvia Holdings' revenue increased 8 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 32.74% for the first quarter compared to the same period in the previous year, and operating margins increased to 10.3% over the same period. Net earnings for past trailing twelve months were $409.0 million, up 90% from the prior year.
Moving on to the balance sheet, Iqvia Holdings’ cash levels jumped 149% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 4.69% this past year. The current ratio for Iqvia Holdings now stands at 1.15. The company increased shares outstanding by 0.31%.
Shares of IQV are currently trading around $232.30. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 110.72 and price to book ratio of 7.61.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, April 24, 2021.