$1.43 Earnings Per Share Expected for Walgreens Boots Alliance Inc (NASDAQ:WBA) This Quarter
Brokerages expect Walgreens Boots Alliance Inc (NASDAQ:WBA) to announce earnings per share (EPS) of $1.43 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Walgreens Boots Alliance’s earnings. The lowest EPS estimate is $1.38 and the highest is $1.47. Walgreens Boots Alliance posted earnings per share of $1.48 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 10th.
According to Zacks, analysts expect that Walgreens Boots Alliance will report full-year earnings of $5.99 per share for the current financial year, with EPS estimates ranging from $5.95 to $6.03. For the next year, analysts forecast that the firm will post earnings of $5.99 per share, with EPS estimates ranging from $5.81 to $6.08. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Walgreens Boots Alliance.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The company had revenue of $34.59 billion during the quarter, compared to the consensus estimate of $34.52 billion. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 earnings per share.
In other news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the transaction, the chief accounting officer now owns 435,811 shares in the company, valued at $23,119,773.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.73% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of Walgreens Boots Alliance by 0.9% in the first quarter. LSV Asset Management now owns 11,672,531 shares of the pharmacy operator’s stock valued at $738,521,000 after acquiring an additional 107,600 shares during the period. Geode Capital Management LLC boosted its position in shares of Walgreens Boots Alliance by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 11,529,136 shares of the pharmacy operator’s stock valued at $786,522,000 after acquiring an additional 834,241 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Walgreens Boots Alliance by 11.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,667,865 shares of the pharmacy operator’s stock valued at $674,956,000 after acquiring an additional 1,093,610 shares during the period. Norges Bank bought a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at approximately $589,781,000. Finally, Nordea Investment Management AB boosted its position in shares of Walgreens Boots Alliance by 2.0% in the first quarter. Nordea Investment Management AB now owns 7,679,640 shares of the pharmacy operator’s stock valued at $485,896,000 after acquiring an additional 148,814 shares during the period. Institutional investors own 62.16% of the company’s stock.
Shares of WBA stock traded up $0.29 on Thursday, hitting $55.05. The stock had a trading volume of 3,009,287 shares, compared to its average volume of 4,440,277. The company’s 50 day moving average is $54.01. The company has a market cap of $49.72 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.37 and a current ratio of 0.76. Walgreens Boots Alliance has a 12-month low of $49.31 and a 12-month high of $86.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th will be paid a $0.458 dividend. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. The ex-dividend date is Monday, August 19th. This represents a $1.83 annualized dividend and a dividend yield of 3.33%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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