Analysts Expect Perrigo Company PLC (PRGO) Will Post Earnings of $0.98 Per Share
Equities analysts expect Perrigo Company PLC (NYSE:PRGO) to report earnings of $0.98 per share for the current quarter, according to Zacks. Twelve analysts have made estimates for Perrigo’s earnings. The lowest EPS estimate is $0.83 and the highest is $1.05. Perrigo reported earnings of $1.28 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 23.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 7th.
On average, analysts expect that Perrigo will report full year earnings of $4.55 per share for the current year, with EPS estimates ranging from $4.40 to $4.62. For the next year, analysts expect that the business will post earnings of $4.61 per share, with EPS estimates ranging from $4.03 to $5.04. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Perrigo.
A number of equities analysts have commented on PRGO shares. Wells Fargo & Co set a $46.00 target price on Perrigo and gave the company a “hold” rating in a report on Sunday, December 30th. Royal Bank of Canada set a $63.00 target price on Perrigo and gave the company a “hold” rating in a report on Friday, November 9th. Cantor Fitzgerald set a $107.00 target price on Perrigo and gave the company a “buy prgo” rating in a report on Thursday, December 20th. Morgan Stanley set a $67.00 target price on Perrigo and gave the company a “hold” rating in a report on Sunday, December 23rd. Finally, Leerink Swann cut their price target on Perrigo from $70.00 to $56.00 in a report on Monday, December 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $77.36.
Shares of Perrigo stock traded up $1.13 during mid-day trading on Friday, reaching $48.13. 160,696 shares of the stock traded hands, compared to its average volume of 1,627,139. Perrigo has a fifty-two week low of $36.28 and a fifty-two week high of $90.72. The stock has a market capitalization of $6.47 billion, a P/E ratio of 9.76, a PEG ratio of 1.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 1.26.
Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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