SunTrust Banks Comments on Express Scripts Holding Company’s FY2017 Earnings (NASDAQ:ESRX)

Express Scripts Holding Company (NASDAQ:ESRX) – Equities researchers at SunTrust Banks lowered their FY2017 earnings estimates for shares of Express Scripts Holding in a report issued on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst D. Macdonald now forecasts that the company will earn $7.03 per share for the year, down from their prior forecast of $7.04. SunTrust Banks also issued estimates for Express Scripts Holding’s Q1 2018 earnings at $1.46 EPS, Q2 2018 earnings at $1.88 EPS, Q3 2018 earnings at $2.05 EPS, Q1 2019 earnings at $1.58 EPS and Q2 2019 earnings at $2.02 EPS.

ESRX has been the subject of a number of other research reports. Needham & Company LLC began coverage on shares of Express Scripts Holding in a research report on Friday, July 21st. They issued a “hold” rating for the company. BidaskClub cut shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Morgan Stanley increased their price target on shares of Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Jefferies Group LLC set a $72.00 price target on shares of Express Scripts Holding and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price objective on shares of Express Scripts Holding in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $69.53.

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Shares of Express Scripts Holding (NASDAQ:ESRX) traded down $0.70 during mid-day trading on Thursday, hitting $60.05. 3,608,400 shares of the stock traded hands, compared to its average volume of 4,115,587. The stock has a market capitalization of $34,407.16, a P/E ratio of 8.88, a PEG ratio of 0.90 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 0.86. Express Scripts Holding has a fifty-two week low of $55.80 and a fifty-two week high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.90. The company had revenue of $24.68 billion during the quarter, compared to the consensus estimate of $25.68 billion. Express Scripts Holding had a net margin of 3.64% and a return on equity of 25.46%. Express Scripts Holding’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of ESRX. Zeke Capital Advisors LLC grew its stake in Express Scripts Holding by 85.4% during the third quarter. Zeke Capital Advisors LLC now owns 12,347 shares of the company’s stock worth $782,000 after purchasing an additional 5,688 shares during the period. Twin Capital Management Inc. grew its stake in Express Scripts Holding by 79.5% during the third quarter. Twin Capital Management Inc. now owns 83,207 shares of the company’s stock worth $5,269,000 after purchasing an additional 36,857 shares during the period. Cadence Capital Management LLC acquired a new stake in Express Scripts Holding during the third quarter worth approximately $1,550,000. Marshall & Sullivan Inc. WA grew its stake in Express Scripts Holding by 4.1% during the third quarter. Marshall & Sullivan Inc. WA now owns 41,102 shares of the company’s stock worth $2,519,000 after purchasing an additional 1,615 shares during the period. Finally, Schroder Investment Management Group grew its stake in Express Scripts Holding by 12.1% during the third quarter. Schroder Investment Management Group now owns 2,314,162 shares of the company’s stock worth $145,954,000 after purchasing an additional 248,883 shares during the period. Institutional investors own 90.30% of the company’s stock.

In related news, CEO Timothy C. Wentworth bought 8,000 shares of Express Scripts Holding stock in a transaction dated Tuesday, October 31st. The shares were bought at an average cost of $61.13 per share, with a total value of $489,040.00. Following the acquisition, the chief executive officer now owns 98,628 shares in the company, valued at approximately $6,029,129.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,284 shares of company stock worth $397,421. Insiders own 0.68% of the company’s stock.

Express Scripts Holding Company Profile

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

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Earnings History and Estimates for Express Scripts Holding (NASDAQ:ESRX)

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