Brokerages Anticipate AmerisourceBergen (ABC) to Post $1.81 EPS

Equities research analysts expect that AmerisourceBergen (NYSE:ABC) will announce earnings per share of $1.81 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for AmerisourceBergen’s earnings, with the highest EPS estimate coming in at $2.00 and the lowest estimate coming in at $1.70. AmerisourceBergen reported earnings per share of $1.77 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is expected to report its next earnings report on Thursday, May 3rd.

On average, analysts expect that AmerisourceBergen will report full year earnings of $6.52 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.64. For the next financial year, analysts forecast that the firm will post earnings of $7.35 per share, with EPS estimates ranging from $6.65 to $7.85. Zacks’ EPS averages are an average based on a survey of analysts that cover AmerisourceBergen.

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AmerisourceBergen (NYSE:ABC) last posted its earnings results on Tuesday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.20. AmerisourceBergen had a net margin of 0.66% and a return on equity of 53.65%. The firm had revenue of $40.47 billion during the quarter, compared to analyst estimates of $40.42 billion. During the same period last year, the firm posted $1.36 earnings per share. AmerisourceBergen’s revenue for the quarter was up 6.0% compared to the same quarter last year.

A number of research analysts recently weighed in on ABC shares. Zacks Investment Research raised shares of AmerisourceBergen from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, February 8th. Goldman Sachs raised shares of AmerisourceBergen from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Deutsche Bank initiated coverage on shares of AmerisourceBergen in a report on Monday, December 4th. They issued a “buy” rating and a $97.00 target price for the company. Leerink Swann set a $105.00 price target on AmerisourceBergen and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Bank of America initiated coverage on AmerisourceBergen in a research report on Tuesday, February 27th. They issued a “buy” rating and a $111.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $103.34.

AmerisourceBergen (ABC) traded up $0.70 during mid-day trading on Monday, hitting $84.73. 1,190,466 shares of the company were exchanged, compared to its average volume of 2,076,724. AmerisourceBergen has a 1 year low of $71.90 and a 1 year high of $106.27. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.50 and a current ratio of 0.95. The stock has a market capitalization of $18,458.79, a price-to-earnings ratio of 18.23, a PEG ratio of 1.26 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. AmerisourceBergen’s dividend payout ratio (DPR) is 32.76%.

In other news, insider Robert P. Mauch sold 1,000 shares of AmerisourceBergen stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $97.94, for a total transaction of $97,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peyton R. Howell sold 3,000 shares of AmerisourceBergen stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $93.78, for a total value of $281,340.00. Following the sale, the insider now owns 49,189 shares of the company’s stock, valued at $4,612,944.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,809 shares of company stock valued at $14,988,589. Corporate insiders own 27.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its holdings in shares of AmerisourceBergen by 4.4% in the third quarter. Macquarie Group Ltd. now owns 21,214 shares of the company’s stock valued at $1,754,000 after acquiring an additional 894 shares in the last quarter. ING Groep NV bought a new stake in shares of AmerisourceBergen in the third quarter valued at about $404,000. Oppenheimer & Co. Inc. raised its holdings in shares of AmerisourceBergen by 24.8% in the third quarter. Oppenheimer & Co. Inc. now owns 25,029 shares of the company’s stock valued at $2,072,000 after acquiring an additional 4,975 shares in the last quarter. LMR Partners LLP bought a new stake in shares of AmerisourceBergen in the third quarter valued at about $388,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of AmerisourceBergen by 72.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 138,300 shares of the company’s stock valued at $11,444,000 after acquiring an additional 58,000 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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AmerisourceBergen Company Profile

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

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Earnings History and Estimates for AmerisourceBergen (NYSE:ABC)

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