Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Expected to Post Earnings of $1.01 Per Share

Wall Street analysts forecast that Walgreens Boots Alliance, Inc. (NASDAQ:WBA) will report earnings per share of $1.01 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Walgreens Boots Alliance’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.97. Walgreens Boots Alliance reported earnings per share of $1.02 in the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The business is scheduled to report its next earnings report on Thursday, October 21st.

On average, analysts expect that Walgreens Boots Alliance will report full-year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.71 to $4.80. For the next fiscal year, analysts expect that the company will report earnings of $5.11 per share, with EPS estimates ranging from $4.89 to $5.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Walgreens Boots Alliance.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Wednesday, June 30th. The pharmacy operator reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.21. Walgreens Boots Alliance had a return on equity of 20.79% and a net margin of 1.66%. The business had revenue of $34.03 billion for the quarter, compared to the consensus estimate of $33.47 billion. During the same period in the prior year, the business earned $0.71 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis.

A number of research firms have recently issued reports on WBA. Deutsche Bank Aktiengesellschaft lowered their target price on Walgreens Boots Alliance from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Friday, July 2nd. Credit Suisse Group lowered their price objective on Walgreens Boots Alliance from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, July 2nd. Evercore ISI restated a “hold” rating and set a $52.00 price objective on shares of Walgreens Boots Alliance in a research note on Friday, July 2nd. Barclays reduced their target price on Walgreens Boots Alliance from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 6th. Finally, Truist reduced their target price on Walgreens Boots Alliance from $58.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, July 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $50.83.

NASDAQ:WBA traded up $1.43 on Wednesday, hitting $49.65. 155,855 shares of the stock were exchanged, compared to its average volume of 5,797,803. The stock has a market cap of $42.95 billion, a PE ratio of 18.27, a PEG ratio of 1.41 and a beta of 0.49. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $48.20 and a 200-day moving average of $51.26. Walgreens Boots Alliance has a fifty-two week low of $33.36 and a fifty-two week high of $57.05.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 20th were paid a dividend of $0.477 per share. The ex-dividend date was Thursday, August 19th. This represents a $1.91 annualized dividend and a yield of 3.84%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.47. Walgreens Boots Alliance’s payout ratio is presently 40.30%.

Institutional investors have recently made changes to their positions in the business. Stonebridge Capital Advisors LLC acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter valued at $27,000. Loomis Sayles & Co. L P acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter valued at $33,000. Red Door Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance during the 2nd quarter valued at $35,000. Glassman Wealth Services increased its position in shares of Walgreens Boots Alliance by 181.8% during the 1st quarter. Glassman Wealth Services now owns 651 shares of the pharmacy operator’s stock valued at $36,000 after purchasing an additional 420 shares during the period. Finally, Centerpoint Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 203.8% in the 2nd quarter. Centerpoint Advisors LLC now owns 711 shares of the pharmacy operator’s stock worth $37,000 after acquiring an additional 477 shares during the last quarter. 55.65% of the stock is currently owned by hedge funds and other institutional investors.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services.

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Earnings History and Estimates for Walgreens Boots Alliance (NASDAQ:WBA)

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