$29.93 Billion in Sales Expected for Walgreens Boots Alliance, Inc. (WBA) This Quarter
Equities analysts expect Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to report sales of $29.93 billion for the current quarter, Zacks reports. Seven analysts have made estimates for Walgreens Boots Alliance’s earnings, with estimates ranging from $28.01 billion to $30.66 billion. Walgreens Boots Alliance posted sales of $28.64 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 19th.
On average, analysts expect that Walgreens Boots Alliance will report full-year sales of $29.93 billion for the current fiscal year, with estimates ranging from $115.14 billion to $118.78 billion. For the next fiscal year, analysts forecast that the company will post sales of $127.65 billion per share, with estimates ranging from $120.46 billion to $133.53 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Walgreens Boots Alliance.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.03. The firm had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $29.72 billion. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS.
Several brokerages recently commented on WBA. Needham & Company LLC began coverage on Walgreens Boots Alliance in a research note on Tuesday, June 27th. They set a “hold” rating on the stock. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Leerink Swann set a $86.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Credit Suisse Group reissued a “buy” rating and issued a $97.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Finally, Pivotal Research set a $85.00 price target on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $90.88.
Shares of Walgreens Boots Alliance (WBA) traded down 0.34% during mid-day trading on Monday, reaching $81.50. The company’s stock had a trading volume of 5,024,951 shares. Walgreens Boots Alliance has a 12 month low of $75.18 and a 12 month high of $88.00. The firm has a market capitalization of $87.21 billion, a P/E ratio of 20.58 and a beta of 1.25. The company has a 50 day moving average of $79.95 and a 200-day moving average of $82.28.
Walgreens Boots Alliance declared that its board has approved a share repurchase program on Thursday, June 29th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the pharmacy operator to reacquire up to 5.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be issued a $0.40 dividend. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 40.30%.
In related news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the transaction, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WBA. Intl Fcstone Inc. acquired a new position in Walgreens Boots Alliance during the second quarter worth approximately $1,156,000. M Holdings Securities Inc. acquired a new position in Walgreens Boots Alliance during the second quarter worth approximately $219,000. Griffin Asset Management Inc. acquired a new position in Walgreens Boots Alliance during the second quarter worth approximately $6,730,000. Achmea Investment Management B.V. boosted its position in Walgreens Boots Alliance by 22.1% in the second quarter. Achmea Investment Management B.V. now owns 50,907 shares of the pharmacy operator’s stock worth $3,985,000 after buying an additional 9,213 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Walgreens Boots Alliance by 7.2% in the second quarter. Lord Abbett & CO. LLC now owns 1,628,224 shares of the pharmacy operator’s stock worth $127,506,000 after buying an additional 108,919 shares during the last quarter. Institutional investors and hedge funds own 60.17% of the company’s stock.
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Walgreens Boots Alliance Company Profile
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).
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