Equities research analysts forecast that Perrigo Company plc (NYSE:PRGO – Get Rating) will announce $0.42 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Perrigo’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. Perrigo reported earnings of $0.50 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 16%. The company is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Perrigo will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.39 to $2.50. For the next year, analysts expect that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.25 to $3.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Perrigo.
Perrigo (NYSE:PRGO – Get Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Perrigo had a negative net margin of 1.12% and a positive return on equity of 5.19%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $0.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year.
In other Perrigo news, EVP Thomas Farrington sold 24,485 shares of the firm’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $37.13, for a total value of $909,128.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ronald Craig Janish sold 3,954 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $36.73, for a total value of $145,230.42. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. grew its position in shares of Perrigo by 26.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 130,128 shares of the company’s stock worth $6,267,000 after buying an additional 27,379 shares during the last quarter. Morgan Stanley raised its stake in shares of Perrigo by 68.1% in the second quarter. Morgan Stanley now owns 759,459 shares of the company’s stock worth $34,822,000 after purchasing an additional 307,689 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Perrigo by 5.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 74,297 shares of the company’s stock worth $3,516,000 after purchasing an additional 3,793 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Perrigo by 345.8% in the third quarter. Texas Permanent School Fund now owns 98,913 shares of the company’s stock worth $4,682,000 after purchasing an additional 76,727 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in Perrigo during the third quarter valued at $434,000. 88.99% of the stock is currently owned by institutional investors.
PRGO stock traded down $0.05 during midday trading on Friday, reaching $35.98. 1,190,123 shares of the company were exchanged, compared to its average volume of 1,240,311. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.43 and a quick ratio of 1.79. The business has a 50-day moving average price of $37.28 and a two-hundred day moving average price of $39.67. Perrigo has a one year low of $34.53 and a one year high of $50.90. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -102.80 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Monday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Perrigo’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 25th. Perrigo’s dividend payout ratio is presently -297.14%.
Perrigo Company Profile (Get Rating)
Perrigo Co Plc provides self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. The company was founded by Luther Perrigo in 1887 and is headquartered in Dublin, Ireland.
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