Zacks Research Weighs in on Perrigo Company plc’s FY2025 Earnings (NYSE:PRGO)

Perrigo Company plc (NYSE:PRGO – Get Rating) – Stock analysts at Zacks Research issued their FY2025 earnings estimates for Perrigo in a research note issued to investors on Monday, March 13th. Zacks Research analyst S. Ganoria anticipates that the company will post earnings of $3.42 per share for the year. The consensus estimate for Perrigo’s current full-year earnings is $2.58 per share.

Several other equities research analysts also recently issued reports on the stock. StockNews.com assumed coverage on shares of Perrigo in a research note on Thursday. They set a “hold” rating for the company. Canaccord Genuity Group initiated coverage on shares of Perrigo in a research note on Tuesday, March 7th. They issued a “buy” rating and a $49.00 target price for the company. Finally, Raymond James upped their target price on shares of Perrigo from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Sunday, March 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Perrigo Stock Performance

NYSE:PRGO opened at $35.69 on Thursday. The firm has a 50 day simple moving average of $36.56 and a 200-day simple moving average of $36.18. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.44 and a quick ratio of 1.41. The firm has a market cap of $4.81 billion, a PE ratio of -37.18 and a beta of 0.79. Perrigo has a 1-year low of $30.78 and a 1-year high of $43.90.

Perrigo (NYSE:PRGO – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.20 billion. Perrigo had a negative net margin of 2.91% and a positive return on equity of 5.79%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share.

Hedge Funds Weigh In On Perrigo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRGO. Raymond James & Associates raised its position in Perrigo by 23.6% during the first quarter. Raymond James & Associates now owns 53,302 shares of the company’s stock valued at $2,048,000 after acquiring an additional 10,189 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Perrigo by 222.6% in the first quarter. PNC Financial Services Group Inc. now owns 8,039 shares of the company’s stock worth $308,000 after acquiring an additional 5,547 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Perrigo by 135.4% in the first quarter. Natixis Advisors L.P. now owns 24,726 shares of the company’s stock worth $950,000 after acquiring an additional 14,222 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Perrigo by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,027 shares of the company’s stock worth $1,884,000 after acquiring an additional 4,675 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Perrigo by 4.8% in the first quarter. BlackRock Inc. now owns 12,112,154 shares of the company’s stock worth $465,469,000 after acquiring an additional 554,915 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.

Insider Activity

In other Perrigo news, EVP Ronald Craig Janish sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $36.92, for a total value of $166,140.00. Following the completion of the transaction, the executive vice president now directly owns 20,191 shares in the company, valued at $745,451.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Thomas Farrington sold 3,723 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $35.57, for a total value of $132,427.11. Following the completion of the sale, the executive vice president now directly owns 2,823 shares of the company’s stock, valued at $100,414.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald Craig Janish sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $36.92, for a total transaction of $166,140.00. Following the completion of the sale, the executive vice president now directly owns 20,191 shares of the company’s stock, valued at $745,451.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,223 shares of company stock worth $619,867. Corporate insiders own 0.80% of the company’s stock.

Perrigo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Friday, March 10th will be given a dividend of $0.273 per share. This is a positive change from Perrigo’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.09 annualized dividend and a dividend yield of 3.06%. Perrigo’s dividend payout ratio (DPR) is -113.54%.

Perrigo Company Profile

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Perrigo Co Plc engages in the provision of 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. It operates through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).