Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) is set to release its earnings data before the market opens on Thursday, June 27th. Analysts expect Walgreens Boots Alliance to post earnings of $0.68 per share for the quarter. Walgreens Boots Alliance has set its FY24 guidance at $3.20-3.35 EPS and its FY 2024 guidance at 3.200-3.350 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.
Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last posted its quarterly earnings results on Thursday, March 28th. The pharmacy operator reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.38. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The business had revenue of $37.05 billion during the quarter, compared to analysts' expectations of $35.86 billion. During the same quarter in the prior year, the company posted $1.16 EPS. The business's revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect Walgreens Boots Alliance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Walgreens Boots Alliance Trading Down 1.5 %
Shares of Walgreens Boots Alliance stock traded down $0.24 during mid-day trading on Thursday, hitting $15.87. The stock had a trading volume of 13,145,158 shares, compared to its average volume of 13,074,973. The firm has a 50-day moving average of $16.87 and a two-hundred day moving average of $20.50. Walgreens Boots Alliance has a 12-month low of $14.62 and a 12-month high of $32.53. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.50. The firm has a market cap of $13.69 billion, a P/E ratio of -2.27, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78.
Walgreens Boots Alliance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.30%. Walgreens Boots Alliance's payout ratio is currently -14.29%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on WBA. Evercore ISI lowered their price objective on shares of Walgreens Boots Alliance from $18.00 to $17.00 and set an "in-line" rating for the company in a research report on Monday, June 3rd. Leerink Partnrs reissued a "market perform" rating on shares of Walgreens Boots Alliance in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a "hold" rating for the company in a research report on Wednesday, April 3rd. UBS Group decreased their price target on shares of Walgreens Boots Alliance from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 3rd. Finally, Truist Financial reissued a "hold" rating and issued a $25.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Walgreens Boots Alliance presently has a consensus rating of "Hold" and a consensus target price of $23.57.
Get Our Latest Stock Report on Walgreens Boots Alliance
Insider Buying and Selling at Walgreens Boots Alliance
In other Walgreens Boots Alliance news, Director Inderpal S. Bhandari acquired 3,000 shares of the company's stock in a transaction on Thursday, April 11th. The shares were bought at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $54,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walgreens Boots Alliance news, CFO Manmohan Mahajan acquired 6,000 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were bought at an average cost of $19.38 per share, for a total transaction of $116,280.00. Following the completion of the purchase, the chief financial officer now owns 166,969 shares in the company, valued at approximately $3,235,859.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Inderpal S. Bhandari bought 3,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was purchased at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the acquisition, the director now owns 3,000 shares of the company's stock, valued at $54,150. The disclosure for this purchase can be found here. 17.40% of the stock is currently owned by company insiders.
Walgreens Boots Alliance Company Profile
(Get Free Report)
Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.
See Also
- Five stocks we like better than Walgreens Boots Alliance
- Stock Trading Terms - Stock Terms Every Investor Needs to Know
- Darden Stock Up After Q4 Earnings Beat, Cautious FY25 Outlook
- Most active stocks: Dollar volume vs share volume
- Celsius Stock: Why Piper Sandler Forecasts a 50% Surge
- Dividend Capture Strategy: What You Need to Know
- Accenture’s Stock Earnings Reveal an AI-Powered Growth Strategy
→ Missed NVDA? Buy this AI stock NOW (From Chaikin Analytics) (Ad)
Should you invest $1,000 in Walgreens Boots Alliance right now?
Before you consider Walgreens Boots Alliance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walgreens Boots Alliance wasn't on the list.
While Walgreens Boots Alliance currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A Guide To High-Short-Interest Stocks
MarketBeat's analysts have just released their top five short plays for July 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
