Equities research analysts expect that Perrigo Company PLC (NYSE:PRGO) will report earnings of $1.04 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Perrigo’s earnings, with the lowest EPS estimate coming in at $0.99 and the highest estimate coming in at $1.10. Perrigo reported earnings of $0.97 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The business is expected to report its next quarterly earnings results on Wednesday, February 26th.
On average, analysts expect that Perrigo will report full year earnings of $3.96 per share for the current fiscal year, with EPS estimates ranging from $3.86 to $4.02. For the next year, analysts anticipate that the business will report earnings of $4.29 per share, with EPS estimates ranging from $3.32 to $4.82. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Perrigo.
Perrigo (NYSE:PRGO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. Perrigo had a return on equity of 9.39% and a net margin of 5.24%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year.
Several brokerages recently issued reports on PRGO. ValuEngine upgraded shares of Perrigo from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Wells Fargo & Co boosted their price objective on shares of Perrigo from $45.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, September 30th. TheStreet upgraded shares of Perrigo from a “d+” rating to a “c-” rating in a report on Friday, September 27th. SunTrust Banks boosted their price objective on shares of Perrigo from $51.00 to $55.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. Finally, Argus upgraded shares of Perrigo from a “hold” rating to a “buy” rating in a report on Friday, October 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.71.
Shares of PRGO opened at $49.10 on Friday. The firm has a market cap of $6.81 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 5.06 and a beta of 1.46. Perrigo has a 12-month low of $36.28 and a 12-month high of $66.15. The company’s 50-day moving average price is $53.59 and its 200 day moving average price is $50.00. The company has a current ratio of 2.07, a quick ratio of 1.32 and a debt-to-equity ratio of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.84 annualized dividend and a yield of 1.71%. Perrigo’s dividend payout ratio (DPR) is currently 18.46%.
In related news, CFO Ronald Winowiecki sold 826 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $48.03, for a total value of $39,672.78. Following the sale, the chief financial officer now directly owns 6,952 shares in the company, valued at approximately $333,904.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. FTB Advisors Inc. grew its position in Perrigo by 0.3% in the 2nd quarter. FTB Advisors Inc. now owns 65,283 shares of the company’s stock valued at $3,108,000 after acquiring an additional 197 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Perrigo by 3.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the company’s stock valued at $363,000 after acquiring an additional 200 shares in the last quarter. World Asset Management Inc grew its position in Perrigo by 3.4% in the 2nd quarter. World Asset Management Inc now owns 8,014 shares of the company’s stock valued at $382,000 after acquiring an additional 266 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Perrigo by 1.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,967 shares of the company’s stock valued at $1,563,000 after acquiring an additional 307 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Perrigo by 0.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 46,822 shares of the company’s stock valued at $2,230,000 after acquiring an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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