Perrigo (NYSE:PRGO) Issues FY 2025 Earnings Guidance

Perrigo (NYSE:PRGO - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.290-3.100 for the period, compared to the consensus earnings per share estimate of 2.990. The company issued revenue guidance of $4.4 billion-$4.5 billion, compared to the consensus revenue estimate of $4.4 billion.

Perrigo Stock Performance

NYSE PRGO opened at $24.62 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77. The stock's 50 day simple moving average is $26.58 and its 200-day simple moving average is $26.10. The company has a market cap of $3.36 billion, a PE ratio of -21.04 and a beta of 0.45. Perrigo has a 1-year low of $23.14 and a 1-year high of $33.35.

Perrigo (NYSE:PRGO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.07. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. As a group, equities research analysts anticipate that Perrigo will post 2.56 EPS for the current fiscal year.

Perrigo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, May 30th. Perrigo's dividend payout ratio is currently -92.80%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PRGO shares. Argus lowered Perrigo from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. StockNews.com lowered shares of Perrigo from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.00.

Insider Transactions at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.44, for a total value of $214,032.00. Following the transaction, the executive vice president now owns 33,666 shares of the company's stock, valued at $923,795.04. This represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.

About Perrigo

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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