Walgreens pulls off solid quarter as new contracts provide boost

Share

Walgreens pulls off solid quarter as new contracts provide boost

Investors of record on Monday, November 13th will be given a dividend of 0.40 per share by the pharmacy operator on Tuesday, December 12th. Ltd. bought a new stake in shares of Walgreens Boots Alliance during the second quarter worth $150,000.

The technical movement for the stock has also been interesting for traders trying to understand what the stock is all about. This is a boost from Walgreens Boots Alliance's previous quarterly dividend of $0.36. Whereas, in last 21 trading days (one month) was moved up -12.29% and moved down in last 63 trading days (quarter) of -11.96%. Following the sale, the director now directly owns 26,690 shares in the company, valued at approximately $2,171,231.50.

Shares of Walgreens Boots Alliance Inc. In current trading day Scorpio Tankers Inc. These types of traders like to get in well ahead of a large spike, so it's always a smart move to monitor unusual volume. The stock exchanged hands with 16,797,534 numbers of shares compared to its average daily volume of 6.00M shares. The share price has moved backward from its 20 days moving average, trading at a distance of -3.06% and stays -10.2% away from its 50 days moving average.

Walgreens Boots Alliance, which is listed on NASDAQ, revealed sales increased to $118.2bn (£89.2bn) in the year to 31 August 2017 from $117.3bn in 2016.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Wednesday, October 25th.

Revenue rose 5.3 percent to $30.15 billion in the fourth quarter, topping analysts' expectations of $29.93 billion. However it has a net margin of 3.70%. The business's quarterly revenue was up 5.3% compared to the same quarter a year ago. According to the Analysts, the Low Earnings estimate for the current quarter is $1.15, while the High earnings estimate is $1.25.Comparatively, EPS for the same quarter past year was $1.14. Analysts forecast that Walgreens Boots Alliance, Inc. will post $5.00 EPS for the current fiscal year.

Investors and Traders continue to monitor technical levels of shares of Walgreens Boots Alliance, Inc. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued. The ex-dividend date of this dividend is Friday, November 10th. PFE has risen 2.44% in the 1-month period.

Walgreens also formed a venture with Prime, called AllianceRX Walgreens Prime, to handle mail orders and specialty prescriptions for their combined customers.

WBA has been the topic of several recent analyst reports. Bank of America maintained Walgreens Boots Alliance Inc (NASDAQ:WBA) on Tuesday, June 7 with "Buy" rating. The rating was downgraded by Raymond James to "Mkt Perform" on Wednesday, September 27. Pivotal Research set a $85.00 target price on shares of Walgreens Boots Alliance and gave the company a "hold" rating in a research note on Sunday, July 2nd.

Is Walgreens Boots Alliance, Inc.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.67 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Walgreens Boots Alliance presently has a consensus rating of "Buy" and an average price target of $88.39.

Share

Advertisement

© 2015 Leader Call. All Rights reserved.