Perrigo (NYSE:PRGO – Get Free Report) updated its FY24 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.50-2.65 for the period, compared to the consensus estimate of $2.58. The company issued revenue guidance of down 3-5% yr/yr to ~$4.42-4.52 billion, compared to the consensus revenue estimate of $4.60 billion.
Perrigo Stock Down 0.3 %
Shares of PRGO opened at $28.18 on Friday. The stock has a 50 day moving average price of $27.00 and a 200 day moving average price of $29.71. Perrigo has a one year low of $24.82 and a one year high of $40.28. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.77.
Perrigo (NYSE:PRGO – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Perrigo had a negative net margin of 0.17% and a positive return on equity of 6.96%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. As a group, analysts forecast that Perrigo will post 2.56 EPS for the current fiscal year.
Perrigo Dividend Announcement
Analyst Upgrades and Downgrades
PRGO has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of Perrigo from $36.00 to $35.00 and set an overweight rating on the stock in a research report on Thursday, July 11th. StockNews.com cut shares of Perrigo from a buy rating to a hold rating in a research note on Tuesday, July 23rd. Finally, Canaccord Genuity Group reiterated a buy rating and issued a $42.00 price objective on shares of Perrigo in a report on Friday, April 12th.
Get Our Latest Analysis on Perrigo
Insider Buying and Selling at Perrigo
In related news, EVP Svend Andersen acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $27.90 per share, with a total value of $27,900.00. Following the transaction, the executive vice president now owns 101,853 shares of the company’s stock, valued at approximately $2,841,698.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.
Perrigo Company Profile
Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.
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