Walgreens Boots Alliance (WBA) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Walgreens Boots Alliance (NASDAQ:WBA) posted its quarterly earnings data on Thursday. The pharmacy operator reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.03, Morningstar.com reports. The business had revenue of $33.79 billion during the quarter, compared to the consensus estimate of $33.90 billion. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. Walgreens Boots Alliance updated its FY 2019 guidance to $6.44-6.74 EPS and its FY19 guidance to $6.40-6.70 EPS.

Shares of NASDAQ WBA opened at $73.29 on Thursday. Walgreens Boots Alliance has a twelve month low of $59.07 and a twelve month high of $86.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.82 and a quick ratio of 0.38. The stock has a market capitalization of $71.39 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, November 8th. Walgreens Boots Alliance’s payout ratio is 29.24%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Walgreens Boots Alliance in a report on Wednesday. BidaskClub downgraded shares of Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Robert W. Baird upped their price objective on shares of Walgreens Boots Alliance from $69.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 12th. Finally, TheStreet raised shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $79.11.

In other Walgreens Boots Alliance news, SVP Kimberly R. Scardino sold 11,970 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $79.79, for a total transaction of $955,086.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total value of $4,096,040.00. Following the sale, the executive vice president now owns 81,076 shares in the company, valued at approximately $6,386,356.52. The disclosure for this sale can be found here. Insiders sold a total of 73,756 shares of company stock valued at $5,824,194 over the last three months. 15.73% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Dedication LLC increased its holdings in shares of Walgreens Boots Alliance by 204.6% in the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock valued at $115,000 after purchasing an additional 1,060 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Walgreens Boots Alliance in the 2nd quarter valued at about $103,000. CSat Investment Advisory L.P. acquired a new position in shares of Walgreens Boots Alliance in the 2nd quarter valued at about $104,000. Capital Advisors Ltd. LLC increased its holdings in shares of Walgreens Boots Alliance by 1,150.3% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 2,063 shares of the pharmacy operator’s stock valued at $150,000 after purchasing an additional 1,898 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Walgreens Boots Alliance in the third quarter worth approximately $154,000. Hedge funds and other institutional investors own 62.82% of the company’s stock.

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Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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Earnings History for Walgreens Boots Alliance (NASDAQ:WBA)

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