Brokerages expect that Walgreens Boots Alliance Inc (NASDAQ:WBA) will announce earnings per share (EPS) of $1.44 for the current quarter, according to Zacks. Ten analysts have made estimates for Walgreens Boots Alliance’s earnings, with estimates ranging from $1.36 to $1.51. Walgreens Boots Alliance reported earnings of $1.31 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 11th.

According to Zacks, analysts expect that Walgreens Boots Alliance will report full year earnings of $5.97 per share for the current year, with EPS estimates ranging from $5.90 to $6.05. For the next fiscal year, analysts expect that the company will post earnings of $6.45 per share, with EPS estimates ranging from $6.31 to $6.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Walgreens Boots Alliance.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 28th. The pharmacy operator reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.06. Walgreens Boots Alliance had a return on equity of 21.22% and a net margin of 3.36%. The company had revenue of $34.33 billion for the quarter, compared to analyst estimates of $34.15 billion. During the same quarter last year, the firm earned $1.33 EPS. Walgreens Boots Alliance’s revenue for the quarter was up 14.0% compared to the same quarter last year.

Several brokerages have recently weighed in on WBA. TheStreet raised Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday, September 12th. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $65.00 in a research report on Friday, June 29th. Finally, Citigroup downgraded Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $69.00 target price for the company. in a research report on Monday, July 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Walgreens Boots Alliance has a consensus rating of “Hold” and a consensus target price of $76.61.

Shares of NASDAQ:WBA traded down $0.46 during trading on Friday, hitting $72.43. 157,830 shares of the stock were exchanged, compared to its average volume of 4,421,399. Walgreens Boots Alliance has a 1-year low of $59.07 and a 1-year high of $80.68. The firm has a market capitalization of $70.74 billion, a PE ratio of 14.22, a PEG ratio of 1.08 and a beta of 1.09. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Monday, August 20th were given a $0.44 dividend. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 17th. This represents a $1.76 annualized dividend and a yield of 2.43%. Walgreens Boots Alliance’s payout ratio is presently 34.51%.

In other Walgreens Boots Alliance news, COO Ornella Barra acquired 1,700,000 shares of the business’s stock in a transaction on Monday, July 16th. The stock was purchased at an average price of $65.15 per share, for a total transaction of $110,755,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stefano Pessina acquired 1,697,438 shares of the business’s stock in a transaction on Monday, July 16th. The stock was acquired at an average price of $63.92 per share, with a total value of $108,500,236.96. The disclosure for this purchase can be found here. Insiders own 14.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of WBA. Northern Trust Corp raised its position in shares of Walgreens Boots Alliance by 1.9% during the second quarter. Northern Trust Corp now owns 11,102,159 shares of the pharmacy operator’s stock worth $666,296,000 after acquiring an additional 208,235 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Walgreens Boots Alliance during the second quarter worth $6,008,000. Chicago Partners Investment Group LLC raised its position in shares of Walgreens Boots Alliance by 22.9% during the second quarter. Chicago Partners Investment Group LLC now owns 8,379 shares of the pharmacy operator’s stock worth $503,000 after acquiring an additional 1,563 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Walgreens Boots Alliance during the second quarter worth $313,000. Finally, BDO Wealth Advisors LLC raised its position in shares of Walgreens Boots Alliance by 11.1% during the second quarter. BDO Wealth Advisors LLC now owns 8,411 shares of the pharmacy operator’s stock worth $505,000 after acquiring an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

Featured Story: Average Daily Trade Volume – What It Means In Stock Trading

Get a free copy of the Zacks research report on Walgreens Boots Alliance (WBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Walgreens Boots Alliance (NASDAQ:WBA)

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.