Perrigo (NYSE:PRGO) Releases FY 2021 Earnings Guidance

Perrigo (NYSE:PRGO) updated its FY 2021 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.000-$2.100 for the period, compared to the Thomson Reuters consensus estimate of $2.460. The company issued revenue guidance of -.

PRGO has been the topic of several recent research reports. Raymond James lowered their target price on Perrigo from $59.00 to $55.00 and set an outperform rating on the stock in a report on Thursday, November 11th. Royal Bank of Canada cut their target price on Perrigo from $51.00 to $48.00 and set a sector perform rating on the stock in a research report on Thursday, August 12th. Finally, Jefferies Financial Group raised Perrigo from a hold rating to a buy rating and boosted their target price for the company from $45.00 to $63.00 in a research report on Thursday, September 30th.

Perrigo stock traded down $0.37 during mid-day trading on Thursday, reaching $38.83. The company had a trading volume of 1,068,570 shares, compared to its average volume of 1,520,404. The business’s 50-day simple moving average is $44.38. The company has a market cap of $5.19 billion, a P/E ratio of -20.65 and a beta of 0.98. Perrigo has a 1 year low of $38.20 and a 1 year high of $50.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.11 and a quick ratio of 1.67.

Perrigo (NYSE:PRGO) last announced its earnings results on Wednesday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.20). Perrigo had a positive return on equity of 5.88% and a negative net margin of 5.86%. During the same quarter last year, the business posted $0.93 EPS. On average, analysts anticipate that Perrigo will post 2.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 21st. Investors of record on Friday, December 3rd will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, December 2nd. Perrigo’s dividend payout ratio (DPR) is -51.06%.

A hedge fund recently raised its stake in Perrigo stock. Morgan Stanley raised its stake in Perrigo Company plc (NYSE:PRGO) by 68.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 759,459 shares of the company’s stock after purchasing an additional 307,689 shares during the period. Morgan Stanley owned 0.57% of Perrigo worth $34,822,000 as of its most recent SEC filing. 88.72% of the stock is owned by hedge funds and other institutional investors.

About Perrigo

Perrigo Co Plc provides self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. The company was founded by Luther Perrigo in 1887 and is headquartered in Dublin, Ireland.

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Earnings History and Estimates for Perrigo (NYSE:PRGO)

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