Johnson & Johnson Delivers Impressive Q2 Results, Raises FY23 Guidance

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The company reported a Non-GAAP EPS of $2.68, beating the expected figure by $0.18.

Additionally, they reported revenue of $24.7B, which exceeded the projected amount by $1.09B. Johnson & Johnson ($NYSE:JNJ) is a multinational pharmaceutical and healthcare company based in New Jersey. It is one of the world’s largest and most diversified healthcare companies, with products ranging from prescription medicines to consumer health products such as skincare and baby care products. The company’s success is built upon providing safe and reliable healthcare products that help people live happier and healthier lives. This may lead to further gains for investors who have an eye on the company’s stock.

Share Price

The stock opened at $164.2 and closed at $161.0, down by 2.8% from the previous day’s closing price of 165.7. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for JNJ. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for JNJ. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for JNJ. More…

Key Ratios Snapshot

Some of the financial key ratios for JNJ are shown below. More…

Analysis

GoodWhale’s analysis of Johnson & Johnson concluded that the company has a high health score of 8/10 with regard to its cashflows and debt. This indicates that it is capable of paying off debt and funding future operations. Furthermore, Johnson & Johnson is classified as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. Given this, investors who prioritize dividend payments, profitability, and stability may be interested in investing in Johnson & Johnson. However, those who are looking for faster growth and more assets may need to look elsewhere. All in all, Johnson & Johnson stands out in terms of dividend payments and profitability. More…

Peers

The competition between Johnson & Johnson and its competitors is fierce. AstraZeneca PLC, Pfizer Inc, and BioNTech SE are all major players in the pharmaceutical industry, and they are all vying for a piece of the pie. Johnson & Johnson is a well-established company with a long history of success, but its competitors are not to be underestimated. They are all large, well-funded companies with a lot to lose if they don’t win the competition.

– AstraZeneca PLC ($LSE:AZN)

AstraZeneca PLC is a biopharmaceutical company with a market cap of 152.13B as of 2022. The company focuses on the discovery, development, and commercialization of small molecule drugs in the areas of oncology, cardiovascular, and renal & metabolism. The company’s ROE for the year ended December 31, 2020 was -0.94%.

– Pfizer Inc ($NYSE:PFE)

Pfizer Inc is a pharmaceutical company with a market cap of 240.55B as of 2022. The company has a return on equity of 24.63%. Pfizer Inc is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals. The company’s products include prescription and over-the-counter medicines, vaccines, and biologic therapies.

– BioNTech SE ($NASDAQ:BNTX)

BioNTech SE is a German biotech company founded in 2008 that focuses on the development of Innovation therapies against cancer and other serious diseases. The company has a market cap of 32.91B as of 2022 and a Return on Equity of 71.82%. BioNTech’s mission is to revolutionize the treatment of cancer and other serious diseases by leveraging the power of the immune system. The company is developing a portfolio of immunotherapy products based on its proprietary mRNA technology platform.

Summary

The company has also raised their guidance for fiscal year 2023. Investors are optimistic due to the strong financials and increased guidance, as it indicates that the company is continuing to grow and gain market share in its respective industry.