Perrigo (PRGO) Set to Announce Quarterly Earnings on Wednesday

Perrigo (NYSE:PRGOGet Rating) is scheduled to announce its earnings results before the market opens on Wednesday, May 11th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Perrigo has set its FY22 guidance at $2.10-2.30 EPS and its FY 2022 guidance at $2.100-$2.300 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Perrigo (NYSE:PRGOGet Rating) last posted its earnings results on Tuesday, March 1st. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Perrigo had a negative net margin of 1.12% and a positive return on equity of 5.19%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, analysts expect Perrigo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE PRGO opened at $33.24 on Wednesday. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -94.97 and a beta of 1.01. The company has a current ratio of 2.43, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. Perrigo has a 52-week low of $32.70 and a 52-week high of $50.90. The firm has a 50 day moving average price of $36.53.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Monday, February 28th were given a $0.26 dividend. This is a positive change from Perrigo’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 25th. This represents a $1.04 dividend on an annualized basis and a yield of 3.13%. Perrigo’s payout ratio is presently -297.14%.

In other news, EVP Ronald Craig Janish sold 3,954 shares of the company’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $36.73, for a total transaction of $145,230.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas Farrington sold 24,485 shares of the company’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $37.13, for a total value of $909,128.05. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Perrigo by 4.0% during the fourth quarter. BlackRock Inc. now owns 11,557,239 shares of the company’s stock worth $449,576,000 after purchasing an additional 446,391 shares in the last quarter. Morgan Stanley grew its stake in shares of Perrigo by 68.1% during 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 in the last quarter. Legal & General Group Plc grew its stake in shares of Perrigo by 4.3% during the fourth quarter. Legal & General Group Plc now owns 366,100 shares of the company’s stock worth $14,242,000 after purchasing an additional 15,027 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of Perrigo by 166.7% during the fourth quarter. State of Tennessee Treasury Department now owns 80,000 shares of the company’s stock worth $3,112,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Perrigo by 1.4% during the fourth quarter. Comerica Bank now owns 61,833 shares of the company’s stock worth $2,387,000 after purchasing an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.

Separately, StockNews.com began coverage on Perrigo in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Perrigo Company Profile (Get Rating)

Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International.

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Earnings History for Perrigo (NYSE:PRGO)

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