Zacks Research Has Positive Outlook for Perrigo Q3 Earnings

Perrigo Company plc (NYSE:PRGO) – Zacks Research upped their Q3 2026 earnings estimates for Perrigo in a research report issued to clients and investors on Wednesday, May 27th. Zacks Research analyst Team now expects that the company will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.55. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Perrigo’s current full-year earnings is $2.14 per share. Zacks Research also issued estimates for Perrigo’s Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $2.10 EPS, Q1 2027 earnings at $0.60 EPS, Q2 2027 earnings at $0.58 EPS, Q3 2027 earnings at $0.60 EPS and Q4 2027 earnings at $0.72 EPS.

PRGO has been the subject of a number of other reports. Weiss Ratings upgraded shares of Perrigo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group dropped their price target on shares of Perrigo from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Perrigo in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.33.

Perrigo Stock Up 3.4%

NYSE PRGO opened at $11.16 on Thursday. The company has a current ratio of 2.72, a quick ratio of 1.59 and a debt-to-equity ratio of 1.45. Perrigo has a 1-year low of $9.23 and a 1-year high of $28.43. The company has a 50 day moving average of $10.92 and a 200-day moving average of $12.67. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -0.85, a PEG ratio of 1.26 and a beta of 0.52.

Perrigo (NYSE:PRGO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Perrigo had a negative net margin of 43.50% and a positive return on equity of 9.96%. The company had revenue of $841.80 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS.

Institutional Trading of Perrigo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Perrigo by 25.5% during the first quarter. Bank of America Corp DE now owns 1,568,598 shares of the company’s stock worth $16,847,000 after buying an additional 318,248 shares during the last quarter. RBF Capital LLC bought a new stake in shares of Perrigo during the first quarter worth $1,933,000. Parvin Asset Management LLC grew its stake in shares of Perrigo by 51.4% during the first quarter. Parvin Asset Management LLC now owns 19,875 shares of the company’s stock worth $213,000 after buying an additional 6,750 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Perrigo by 25.4% during the first quarter. California State Teachers Retirement System now owns 160,005 shares of the company’s stock worth $1,718,000 after buying an additional 32,390 shares during the last quarter. Finally, Readystate Asset Management LP grew its stake in shares of Perrigo by 50.4% during the first quarter. Readystate Asset Management LP now owns 274,684 shares of the company’s stock worth $2,950,000 after buying an additional 92,058 shares during the last quarter. Institutional investors own 95.91% of the company’s stock.

Perrigo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, May 29th. Perrigo’s payout ratio is presently -8.85%.

About Perrigo

Perrigo Company plc is a global healthcare supplier specializing in over-the-counter (OTC) and self-care products, as well as generic prescription pharmaceuticals and active pharmaceutical ingredients. The company develops, manufactures and distributes a broad array of consumer health products, including analgesics, vitamins and supplements, digestive health remedies, topical treatments, and infant formulas. Perrigo’s focus on private-label solutions has made it a leading partner for retailers and pharmacy chains seeking high-quality, value-oriented alternatives to branded medications and health supplements.

Organized across three principal business segments—Consumer Healthcare, Prescription Pharmaceuticals and Active Pharmaceutical Ingredients—Perrigo’s operations span research and development, manufacturing, quality assurance and global distribution.