Equities analysts expect AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) to announce sales of $40.09 billion for the current quarter, according to Zacks. Five analysts have made estimates for AmerisourceBergen Corporation (Holding Co)’s earnings, with the lowest sales estimate coming in at $39.65 billion and the highest estimate coming in at $40.31 billion. AmerisourceBergen Corporation (Holding Co) posted sales of $37.56 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is expected to announce its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that AmerisourceBergen Corporation (Holding Co) will report full year sales of $40.09 billion for the current financial year, with estimates ranging from $153.67 billion to $154.40 billion. For the next financial year, analysts anticipate that the firm will report sales of $164.89 billion per share, with estimates ranging from $162.07 billion to $167.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover AmerisourceBergen Corporation (Holding Co).

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

A number of equities analysts have commented on the stock. Robert W. Baird upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $89.00 to $96.00 in a research note on Thursday. Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. TheStreet downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) currently has an average rating of “Hold” and a consensus target price of $91.95.

AmerisourceBergen Corporation (NYSE ABC) traded up 1.67% during mid-day trading on Monday, reaching $84.12. The company’s stock had a trading volume of 2,136,222 shares. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The stock has a market cap of $18.43 billion, a P/E ratio of 21.92 and a beta of 0.96. The firm’s 50 day moving average is $80.74 and its 200-day moving average is $86.89.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a yield of 1.74%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 38.02%.

In related news, insider Gina Clark sold 1,273 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $80.94, for a total transaction of $103,036.62. Following the completion of the sale, the insider now owns 10,830 shares of the company’s stock, valued at $876,580.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $82.78, for a total transaction of $960,248.00. The disclosure for this sale can be found here. Insiders have sold 62,716 shares of company stock valued at $5,044,123 in the last three months. 27.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of ABC. South Texas Money Management Ltd. lifted its position in AmerisourceBergen Corporation (Holding Co) by 7.5% during the first quarter. South Texas Money Management Ltd. now owns 3,010 shares of the company’s stock valued at $266,000 after acquiring an additional 210 shares during the last quarter. GWM Advisors LLC purchased a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $310,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $6,830,000. NN Investment Partners Holdings N.V. lifted its position in AmerisourceBergen Corporation (Holding Co) by 12,931.8% during the first quarter. NN Investment Partners Holdings N.V. now owns 155,078 shares of the company’s stock valued at $13,725,000 after acquiring an additional 153,888 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its position in AmerisourceBergen Corporation (Holding Co) by 163.3% during the first quarter. Meiji Yasuda Life Insurance Co now owns 13,060 shares of the company’s stock valued at $1,156,000 after acquiring an additional 8,100 shares during the last quarter. 67.64% of the stock is owned by institutional investors.

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AmerisourceBergen Corporation (Holding Co) Company Profile

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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