Analysts forecast that AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) will announce sales of $40.23 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for AmerisourceBergen Corporation (Holding Co)’s earnings, with the highest sales estimate coming in at $40.91 billion and the lowest estimate coming in at $39.65 billion. AmerisourceBergen Corporation (Holding Co) posted sales of $37.56 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The firm is expected to issue its next earnings report on Wednesday, November 1st.

On average, analysts expect that AmerisourceBergen Corporation (Holding Co) will report full year sales of $40.23 billion for the current financial year, with estimates ranging from $153.67 billion to $154.97 billion. For the next financial year, analysts expect that the firm will report sales of $165.99 billion per share, with estimates ranging from $163.64 billion to $168.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow AmerisourceBergen Corporation (Holding Co).

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. The business had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share.

ABC has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. ValuEngine downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Mizuho raised their price target on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, May 30th. UBS AG dropped their price target on shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, August 4th. Finally, BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $92.34.

Shares of AmerisourceBergen Corporation (NYSE ABC) opened at 83.90 on Wednesday. The firm has a 50-day moving average of $83.01 and a 200 day moving average of $87.88. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 21.86 and a beta of 0.95.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

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In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the sale, the chairman now owns 253,876 shares in the company, valued at approximately $24,057,289.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gina Clark sold 1,273 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the sale, the insider now owns 10,830 shares in the company, valued at approximately $876,580.20. The disclosure for this sale can be found here. Insiders sold a total of 51,273 shares of company stock worth $4,323,237 in the last quarter. Company insiders own 27.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABC. Parallel Advisors LLC raised its stake in AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after acquiring an additional 34 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth approximately $105,000. American Beacon Advisors Inc. bought a new stake in AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth approximately $108,000. SRS Capital Advisors Inc. raised its stake in AmerisourceBergen Corporation (Holding Co) by 0.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after acquiring an additional 4 shares during the period. Finally, Sun Life Financial INC raised its stake in AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 67.67% of the company’s stock.

About AmerisourceBergen Corporation (Holding Co)

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

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Earnings History and Estimates for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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