$4.05 Billion in Sales Expected for Allergan PLC. (AGN) This Quarter
Equities research analysts expect Allergan PLC. (NYSE:AGN) to announce $4.05 billion in sales for the current fiscal quarter, according to Zacks. Sixteen analysts have issued estimates for Allergan PLC.’s earnings, with the highest sales estimate coming in at $4.17 billion and the lowest estimate coming in at $3.95 billion. Allergan PLC. posted sales of $3.62 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The company is scheduled to report its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Allergan PLC. will report full year sales of $4.05 billion for the current financial year, with estimates ranging from $15.81 billion to $16.02 billion. For the next fiscal year, analysts expect that the company will report sales of $16.84 billion per share, with estimates ranging from $16.16 billion to $17.57 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Allergan PLC..
Allergan PLC. (NYSE:AGN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.07. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.95 billion. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $3.35 EPS.
Several research analysts have recently issued reports on AGN shares. Cantor Fitzgerald reiterated a “hold” rating and set a $231.00 price target on shares of Allergan PLC. in a report on Friday, September 22nd. UBS AG reiterated an “outperform” rating and set a $275.00 price target on shares of Allergan PLC. in a report on Wednesday, August 9th. BidaskClub downgraded shares of Allergan PLC. from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Mizuho reiterated a “buy” rating and set a $267.00 price target on shares of Allergan PLC. in a report on Monday. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $280.00 price target (up from $270.00) on shares of Allergan PLC. in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $271.84.
Hedge funds have recently added to or reduced their stakes in the company. Honeywell International Inc. boosted its position in shares of Allergan PLC. by 13.6% during the 2nd quarter. Honeywell International Inc. now owns 168,130 shares of the company’s stock worth $40,871,000 after purchasing an additional 20,100 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of Allergan PLC. during the 1st quarter worth about $988,000. Palladium Partners LLC boosted its position in shares of Allergan PLC. by 1.7% during the 2nd quarter. Palladium Partners LLC now owns 31,161 shares of the company’s stock worth $7,575,000 after purchasing an additional 523 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Allergan PLC. by 62.8% during the 1st quarter. Trust Co. of Vermont now owns 2,875 shares of the company’s stock worth $687,000 after purchasing an additional 1,109 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Allergan PLC. during the 2nd quarter worth about $41,345,000. 82.02% of the stock is currently owned by institutional investors.
Allergan PLC. (NYSE AGN) opened at 208.30 on Thursday. Allergan PLC. has a 12 month low of $184.50 and a 12 month high of $256.80. The company has a market capitalization of $69.64 billion, a price-to-earnings ratio of 6.35 and a beta of 1.18. The firm has a 50-day moving average price of $229.79 and a 200-day moving average price of $236.07.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.34%. Allergan PLC.’s dividend payout ratio (DPR) is presently 9.95%.
Allergan PLC. declared that its board has initiated a share buyback program on Monday, September 25th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Allergan PLC. Company Profile
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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