Equities analysts expect Perrigo Company plc (NYSE:PRGO) to announce earnings per share (EPS) of $1.14 for the current fiscal quarter, according to Zacks. Sixteen analysts have provided estimates for Perrigo’s earnings. The lowest EPS estimate is $1.01 and the highest is $1.26. Perrigo reported earnings per share of $1.05 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The company is expected to announce its next earnings report on Tuesday, May 29th.
According to Zacks, analysts expect that Perrigo will report full-year earnings of $5.24 per share for the current year, with EPS estimates ranging from $5.07 to $5.39. For the next fiscal year, analysts expect that the company will post earnings of $5.72 per share, with EPS estimates ranging from $5.47 to $6.13. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Perrigo.
Perrigo (NYSE:PRGO) last issued its earnings results on Thursday, March 1st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.26 billion. Perrigo had a return on equity of 11.54% and a net margin of 2.42%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS.
In other Perrigo news, CEO Uwe Roehrhoff bought 7,500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were purchased at an average cost of $81.85 per share, for a total transaction of $613,875.00. Following the transaction, the chief executive officer now directly owns 4,900 shares of the company’s stock, valued at $401,065. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Todd W. Kingma sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.52, for a total value of $132,780.00. Following the sale, the vice president now owns 19,565 shares in the company, valued at $1,731,893.80. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in Perrigo in the 3rd quarter worth about $398,000. Highbridge Capital Management LLC acquired a new stake in Perrigo in the 3rd quarter worth about $442,000. State of Alaska Department of Revenue boosted its holdings in Perrigo by 56.6% in the 4th quarter. State of Alaska Department of Revenue now owns 22,063 shares of the company’s stock worth $1,922,000 after buying an additional 7,970 shares during the last quarter. Financial Sense Advisors Inc. boosted its holdings in Perrigo by 4.7% in the 4th quarter. Financial Sense Advisors Inc. now owns 35,477 shares of the company’s stock worth $3,092,000 after buying an additional 1,600 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Perrigo by 38.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,889 shares of the company’s stock worth $1,599,000 after buying an additional 5,203 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.
Shares of Perrigo stock traded down $0.79 during mid-day trading on Thursday, reaching $81.55. The company had a trading volume of 939,289 shares, compared to its average volume of 1,051,750. The stock has a market cap of $11,373.72, a price-to-earnings ratio of 97.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.40. Perrigo has a one year low of $63.68 and a one year high of $95.93.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were given a dividend of $0.19 per share. The ex-dividend date was Thursday, March 1st. This is a boost from Perrigo’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Perrigo’s dividend payout ratio (DPR) is 90.48%.
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Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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