Brokerages Expect Express Scripts Holding Company (ESRX) to Announce $1.90 Earnings Per Share
Brokerages expect Express Scripts Holding Company (NASDAQ:ESRX) to report earnings per share of $1.90 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Express Scripts Holding’s earnings. The highest EPS estimate is $1.91 and the lowest is $1.88. Express Scripts Holding reported earnings of $1.74 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, October 24th.
According to Zacks, analysts expect that Express Scripts Holding will report full-year earnings of $7.00 per share for the current year, with EPS estimates ranging from $6.95 to $7.04. For the next fiscal year, analysts expect that the firm will report earnings of $7.66 per share, with EPS estimates ranging from $7.59 to $7.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Express Scripts Holding.
Express Scripts Holding (NASDAQ:ESRX) last issued its earnings results on Tuesday, July 25th. The company reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The company had revenue of $25.35 billion during the quarter, compared to the consensus estimate of $25.52 billion. During the same period last year, the business posted $1.57 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year.
A number of research analysts have issued reports on the stock. Cowen and Company reissued an “outperform” rating and set a $83.00 price objective on shares of Express Scripts Holding in a research report on Friday, June 9th. Jefferies Group LLC set a $72.00 target price on shares of Express Scripts Holding and gave the stock a “buy” rating in a research report on Tuesday, August 29th. BidaskClub lowered shares of Express Scripts Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada started coverage on shares of Express Scripts Holding in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $68.00 target price on the stock. Finally, ValuEngine cut shares of Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Express Scripts Holding currently has a consensus rating of “Hold” and an average price target of $70.09.
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In other Express Scripts Holding news, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $63.13, for a total transaction of $36,489.14. Following the completion of the sale, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following the sale, the director now directly owns 11,500 shares of the company’s stock, valued at $735,195. The disclosure for this sale can be found here. Insiders have sold a total of 5,641 shares of company stock worth $357,317 over the last three months. Insiders own 0.68% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Burt Wealth Advisors increased its position in Express Scripts Holding by 11.4% in the second quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock worth $108,000 after buying an additional 174 shares in the last quarter. CKW Financial Group grew its stake in shares of Express Scripts Holding by 20.0% during the 2nd quarter. CKW Financial Group now owns 1,800 shares of the company’s stock valued at $115,000 after acquiring an additional 300 shares during the period. TrimTabs Asset Management LLC bought a new position in shares of Express Scripts Holding during the 1st quarter valued at approximately $121,000. Capital Analysts LLC grew its stake in shares of Express Scripts Holding by 5.6% during the 1st quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock valued at $124,000 after acquiring an additional 100 shares during the period. Finally, IHT Wealth Management LLC grew its stake in shares of Express Scripts Holding by 8.1% during the 1st quarter. IHT Wealth Management LLC now owns 1,944 shares of the company’s stock valued at $128,000 after acquiring an additional 145 shares during the period. 88.69% of the stock is owned by hedge funds and other institutional investors.
Express Scripts Holding (NASDAQ:ESRX) traded up 0.49% on Monday, reaching $63.63. The company had a trading volume of 2,622,559 shares. Express Scripts Holding has a one year low of $57.80 and a one year high of $77.50. The firm has a market capitalization of $36.75 billion, a price-to-earnings ratio of 11.04 and a beta of 0.88. The company’s 50 day moving average is $61.81 and its 200-day moving average is $62.96.
About Express Scripts Holding
Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).
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