Walgreens Boots Alliance (WBA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Walgreens Boots Alliance (NASDAQ:WBA) issued its quarterly earnings data on Thursday. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01, Bloomberg Earnings reports. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The company had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Walgreens Boots Alliance updated its FY18 guidance to $5.45-5.70 EPS.

Shares of Walgreens Boots Alliance (WBA) traded down $3.91 during trading on Friday, reaching $71.60. The company’s stock had a trading volume of 12,455,200 shares, compared to its average volume of 8,735,833. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. Walgreens Boots Alliance has a 12-month low of $63.82 and a 12-month high of $88.00. The firm has a market capitalization of $72,040.00, a PE ratio of 19.78, a PEG ratio of 1.35 and a beta of 1.22.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th were paid a $0.40 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 44.20%.

Walgreens Boots Alliance announced that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the pharmacy operator to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total transaction of $184,324.32. Following the transaction, the director now owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Anthony Lederer bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at $3,350,000. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

Several large investors have recently made changes to their positions in WBA. Hudock Capital Group LLC raised its stake in shares of Walgreens Boots Alliance by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after buying an additional 6 shares during the period. Flagship Harbor Advisors LLC raised its stake in shares of Walgreens Boots Alliance by 0.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after buying an additional 16 shares during the period. Guardian Life Insurance Co. of America raised its stake in shares of Walgreens Boots Alliance by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after buying an additional 22 shares during the period. Northern Capital Management LLC raised its stake in shares of Walgreens Boots Alliance by 0.4% in the second quarter. Northern Capital Management LLC now owns 6,635 shares of the pharmacy operator’s stock valued at $520,000 after buying an additional 25 shares during the period. Finally, MAI Capital Management raised its stake in shares of Walgreens Boots Alliance by 0.6% in the second quarter. MAI Capital Management now owns 5,272 shares of the pharmacy operator’s stock valued at $413,000 after buying an additional 34 shares during the period. 61.18% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the company. Needham & Company LLC lowered their price objective on Walgreens Boots Alliance to $86.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Jefferies Group set a $93.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Sunday, October 29th. Pivotal Research set a $73.00 target price on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Friday. Vetr upgraded Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Finally, BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Walgreens Boots Alliance presently has an average rating of “Buy” and an average target price of $86.05.

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About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

Earnings History for Walgreens Boots Alliance (NASDAQ:WBA)

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