Allergan PLC. (NYSE:AGN) – Analysts at William Blair lowered their Q3 2017 earnings per share (EPS) estimates for shares of Allergan PLC. in a note issued to investors on Wednesday. William Blair analyst T. Lugo now anticipates that the company will earn $4.03 per share for the quarter, down from their previous estimate of $4.44. William Blair also issued estimates for Allergan PLC.’s Q4 2017 earnings at $4.84 EPS, FY2017 earnings at $16.24 EPS, FY2018 earnings at $17.37 EPS, FY2019 earnings at $18.90 EPS and FY2020 earnings at $20.60 EPS.

Allergan PLC. (NYSE:AGN) last released its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.07. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the firm posted $3.35 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year.

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Other analysts also recently issued reports about the company. Mizuho reiterated a “buy” rating and set a $267.00 target price on shares of Allergan PLC. in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Allergan PLC. from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub upgraded Allergan PLC. from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada set a $284.00 target price on Allergan PLC. and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $273.00 target price (up from $265.00) on shares of Allergan PLC. in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Allergan PLC. presently has a consensus rating of “Buy” and an average target price of $271.64.

Shares of Allergan PLC. (NYSE:AGN) opened at 206.75 on Friday. The firm has a 50-day moving average price of $218.50 and a 200 day moving average price of $233.15. Allergan PLC. has a 52-week low of $184.50 and a 52-week high of $256.80. The stock has a market cap of $69.12 billion, a price-to-earnings ratio of 6.30 and a beta of 1.15.

Institutional investors have recently added to or reduced their stakes in the stock. Honeywell International Inc. increased its stake in Allergan PLC. by 13.6% in the second quarter. Honeywell International Inc. now owns 168,130 shares of the company’s stock valued at $40,871,000 after purchasing an additional 20,100 shares during the last quarter. Israel Discount Bank of New York acquired a new position in Allergan PLC. in the first quarter valued at $988,000. Palladium Partners LLC increased its stake in Allergan PLC. by 1.7% in the second quarter. Palladium Partners LLC now owns 31,161 shares of the company’s stock valued at $7,575,000 after purchasing an additional 523 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Allergan PLC. in the second quarter valued at $41,345,000. Finally, Aviva PLC increased its stake in Allergan PLC. by 2.4% in the second quarter. Aviva PLC now owns 287,455 shares of the company’s stock valued at $69,892,000 after purchasing an additional 6,722 shares during the last quarter. Hedge funds and other institutional investors own 82.03% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 1.35%. Allergan PLC.’s payout ratio is currently 9.95%.

Allergan PLC. declared that its board has approved a stock buyback plan on Monday, September 25th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

About Allergan PLC.

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.

Earnings History and Estimates for Allergan PLC. (NYSE:AGN)

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