Perrigo (PRGO) to Release Earnings on Tuesday

Perrigo (NYSE:PRGO - Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Perrigo to post earnings of $0.24 per share for the quarter. Perrigo has set its FY 2024 guidance at 2.500-2.650 EPS and its FY24 guidance at $2.50 to $2.65 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Perrigo (NYSE:PRGO - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Perrigo had a negative net margin of 0.27% and a positive return on equity of 7.34%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. On average, analysts expect Perrigo to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Perrigo Stock Down 0.5 %

Perrigo stock traded down $0.15 during mid-day trading on Tuesday, reaching $32.66. 1,066,414 shares of the company were exchanged, compared to its average volume of 1,792,497. Perrigo has a 12-month low of $25.77 and a 12-month high of $40.28. The business has a fifty day moving average of $30.54 and a 200 day moving average of $30.82. The firm has a market cap of $4.43 billion, a P/E ratio of -326.60 and a beta of 0.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.79.

Perrigo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a dividend of $0.276 per share. This is a boost from Perrigo's previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, March 7th. Perrigo's dividend payout ratio is -1,100.00%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $42.00 target price on shares of Perrigo in a report on Friday, April 12th. StockNews.com upgraded shares of Perrigo from a "hold" rating to a "buy" rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price target on Perrigo from $48.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 28th. Finally, Piper Sandler boosted their target price on Perrigo from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th.

Insider Buying and Selling at Perrigo

In related news, EVP Robert Willis bought 6,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were purchased at an average cost of $25.87 per share, with a total value of $155,220.00. Following the completion of the acquisition, the executive vice president now directly owns 25,105 shares in the company, valued at $649,466.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert Willis bought 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $25.87 per share, for a total transaction of $155,220.00. Following the purchase, the executive vice president now directly owns 25,105 shares in the company, valued at approximately $649,466.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick Lockwood-Taylor purchased 9,500 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were purchased at an average price of $26.54 per share, for a total transaction of $252,130.00. Following the transaction, the chief executive officer now owns 20,500 shares of the company's stock, valued at approximately $544,070. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,990 shares of company stock worth $475,227. Insiders own 0.40% of the company's stock.

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.