Analysts expect that Walgreens Boots Alliance Inc (NASDAQ:WBA) will report earnings per share of $1.43 for the current quarter, according to Zacks. Seven analysts have made estimates for Walgreens Boots Alliance’s earnings, with the highest EPS estimate coming in at $1.51 and the lowest estimate coming in at $1.38. Walgreens Boots Alliance posted earnings per share of $1.53 in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The business is scheduled to announce its next earnings results before the market opens on Thursday, June 27th.
On average, analysts expect that Walgreens Boots Alliance will report full-year earnings of $5.99 per share for the current year, with EPS estimates ranging from $5.92 to $6.04. For the next financial year, analysts expect that the firm will post earnings of $6.00 per share, with EPS estimates ranging from $5.81 to $6.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Walgreens Boots Alliance.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The firm had revenue of $34.53 billion for the quarter, compared to the consensus estimate of $34.57 billion. During the same period in the prior year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.
Several brokerages recently issued reports on WBA. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Friday, March 29th. TheStreet cut shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 13th. Pivotal Research lowered their price objective on shares of Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, April 3rd. Finally, Mizuho set a $67.00 price objective on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average price target of $64.89.
In other Walgreens Boots Alliance news, COO Ornella Barra purchased 18,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the transaction, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.05, for a total transaction of $1,061,000.00. Following the sale, the chief accounting officer now owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is owned by insiders.
Several large investors have recently modified their holdings of WBA. Vanguard Group Inc boosted its stake in Walgreens Boots Alliance by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after acquiring an additional 448,045 shares during the last quarter. Gantzert Investment Co. LLC ADV bought a new position in Walgreens Boots Alliance during the 4th quarter worth approximately $2,289,000. Beacon Pointe Wealth Advisors LLC bought a new position in Walgreens Boots Alliance during the 4th quarter worth approximately $409,000. Beacon Pointe Advisors LLC bought a new position in Walgreens Boots Alliance during the 4th quarter worth approximately $280,000. Finally, Wright Investors Service Inc. boosted its stake in Walgreens Boots Alliance by 43.8% during the 4th quarter. Wright Investors Service Inc. now owns 71,824 shares of the pharmacy operator’s stock worth $4,907,000 after acquiring an additional 21,893 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.
WBA stock traded down $0.23 during trading on Friday, hitting $52.66. 239,377 shares of the stock traded hands, compared to its average volume of 4,438,551. Walgreens Boots Alliance has a one year low of $49.31 and a one year high of $86.31. The company has a market capitalization of $48.24 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 0.50.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 20th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio is 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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