Walgreens Boots Alliance Inc (WBA) Expected to Announce Earnings of $1.43 Per Share

Equities research analysts predict that Walgreens Boots Alliance Inc (NASDAQ:WBA) will announce $1.43 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Walgreens Boots Alliance’s earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.51. Walgreens Boots Alliance reported 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 company is expected to issue its next quarterly earnings results 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 forecast that the firm will report earnings of $6.01 per share, with EPS estimates ranging from $5.81 to $6.10. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Walgreens Boots Alliance.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion for the quarter, compared to analysts’ expectations of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research 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 on the stock 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.00.

Walgreens Boots Alliance stock opened at $52.76 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78. The firm has a market cap of $47.79 billion, a PE ratio of 8.76, a P/E/G ratio of 1.06 and a beta of 0.77. Walgreens Boots Alliance has a fifty-two week low of $51.79 and a fifty-two week high of $86.31.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be issued 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 is Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

In other news, COO Ornella Barra purchased 18,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average price of $54.56 per share, with a total value of $982,080.00. Following the acquisition, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 435,811 shares in the company, valued at approximately $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. grew its holdings in Walgreens Boots Alliance by 12.1% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,920 shares of the pharmacy operator’s stock worth $131,000 after acquiring an additional 208 shares during the last quarter. Pathlight Investors LLC bought a new stake in shares of Walgreens Boots Alliance during the 4th quarter valued at about $524,000. Roman Butler Fullerton & Co. boosted its stake in shares of Walgreens Boots Alliance by 28.8% during the 1st quarter. Roman Butler Fullerton & Co. now owns 22,127 shares of the pharmacy operator’s stock valued at $1,400,000 after purchasing an additional 4,942 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Walgreens Boots Alliance during the 4th quarter valued at about $963,000. Finally, Tiemann Investment Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 2.7% during the 4th quarter. Tiemann Investment Advisors LLC now owns 22,190 shares of the pharmacy operator’s stock valued at $1,516,000 after purchasing an additional 586 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.

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

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