Perrigo Co. (NASDAQ:PRGO) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.35-6.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.68, Analyst Ratings.Net reports.
Several analysts have recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Perrigo from $135.00 to $155.00 in a research note to investors on Tuesday, July 30th. They now have a buy rating on the stock. On a related note, analysts at Stifel Nicolaus reiterated a buy rating on shares of Perrigo in a research note to investors on Tuesday, July 30th. They now have a $145.00 price target on the stock, up previously from $125.00. Finally, analysts at Canaccord Genuity reiterated a buy rating on shares of Perrigo in a research note to investors on Tuesday, July 30th. They now have a $146.00 price target on the stock, up previously from $140.00.
Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $127.97.
Perrigo Co. (NASDAQ:PRGO) opened at 126.42 on Thursday. Perrigo Co. has a 1-year low of $98.79 and a 1-year high of $134.31. The stock’s 50-day moving average is currently $126.. The company has a market cap of $11.888 billion and a price-to-earnings ratio of 27.18.
Perrigo (NASDAQ:PRGO) last issued its quarterly earnings data on Thursday, August 15th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.01. The company had revenue of $967.20 million for the quarter, compared to the consensus estimate of $999.08 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. On average, analysts predict that Perrigo Co. will post $5.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Stockholders of record on Friday, August 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.28%.
Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (NASDAQ:PRGO) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products and active pharmaceutical ingredients (API).
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