FY2025 EPS Estimates for Cencora Boosted by Leerink Partnrs

Key Points

• Leerink Partners has increased their FY2025 EPS estimates for Cencora, adjusting the forecast from $15.90 to $15.97 per share, exceeding the current consensus estimate of $15.37 per share.
• Cencora reported quarterly earnings of $4.00 per share, surpassing expectations by $0.21, and revenue reached $80.66 billion, higher than analyst forecasts.
• The company declared a quarterly dividend of $0.55 per share, reflecting a 0.8% yield, with the ex-dividend date set for August 15th.

Cencora, Inc. (NYSE:COR - Free Report) - Leerink Partnrs lifted their FY2025 EPS estimates for shares of Cencora in a report released on Wednesday, August 6th. Leerink Partnrs analyst M. Cherny now forecasts that the company will earn $15.97 per share for the year, up from their previous forecast of $15.90. The consensus estimate for Cencora's current full-year earnings is $15.37 per share. Leerink Partnrs also issued estimates for Cencora's FY2026 earnings at $17.59 EPS, FY2027 earnings at $19.32 EPS and FY2028 earnings at $21.23 EPS.

Cencora (NYSE:COR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $4.00 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.21. The business had revenue of $80.66 billion during the quarter, compared to analysts' expectations of $80.34 billion. Cencora had a return on equity of 267.36% and a net margin of 0.60%. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.34 EPS.

A number of other research analysts also recently commented on COR. UBS Group increased their price target on shares of Cencora from $298.00 to $335.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Jefferies Financial Group boosted their target price on Cencora from $275.00 to $300.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Wells Fargo & Company upgraded Cencora from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $274.00 to $337.00 in a research note on Tuesday, June 3rd. Morgan Stanley set a $330.00 price target on shares of Cencora and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Citigroup upped their target price on shares of Cencora from $330.00 to $355.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Cencora currently has an average rating of "Moderate Buy" and a consensus target price of $309.83.

Cencora Trading Up 0.6%

Shares of COR opened at $280.01 on Friday. Cencora has a fifty-two week low of $218.65 and a fifty-two week high of $309.35. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.52 and a current ratio of 0.90. The company's fifty day moving average is $292.63 and its 200 day moving average is $277.30. The stock has a market capitalization of $54.27 billion, a PE ratio of 29.00, a P/E/G ratio of 1.40 and a beta of 0.58.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tobam increased its stake in Cencora by 8.9% during the 2nd quarter. Tobam now owns 10,658 shares of the company's stock worth $3,196,000 after buying an additional 875 shares during the period. Forsta AP Fonden raised its position in Cencora by 31.6% in the 2nd quarter. Forsta AP Fonden now owns 83,370 shares of the company's stock valued at $24,998,000 after purchasing an additional 20,000 shares in the last quarter. Ironwood Investment Counsel LLC purchased a new position in shares of Cencora in the 2nd quarter valued at about $203,000. National Pension Service grew its position in shares of Cencora by 119.3% during the second quarter. National Pension Service now owns 662,374 shares of the company's stock worth $198,613,000 after buying an additional 360,392 shares in the last quarter. Finally, Advyzon Investment Management LLC purchased a new stake in shares of Cencora during the second quarter worth approximately $256,000. 97.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cencora

In related news, CEO Robert P. Mauch sold 4,968 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $294.11, for a total value of $1,461,138.48. Following the completion of the sale, the chief executive officer owned 42,351 shares of the company's stock, valued at approximately $12,455,852.61. This trade represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Steven H. Collis sold 14,579 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $292.62, for a total transaction of $4,266,106.98. Following the completion of the sale, the chairman directly owned 311,913 shares of the company's stock, valued at $91,271,982.06. This represents a 4.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,125 shares of company stock worth $9,993,789. 10.80% of the stock is owned by corporate insiders.

Cencora Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, August 15th. Cencora's dividend payout ratio is 22.63%.

About Cencora

Cencora, Inc sources and distributes pharmaceutical products. The company's U.S. Healthcare Solutions segment distributes pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers; provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; packaging solutions to various institutional and retail healthcare providers; clinical trial support, product post-approval, and commercialization support services; data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers; pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and other products to the companion animal and production animal markets; and sales force services to manufacturers.

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