$25.67 Billion in Sales Expected for Express Scripts Holding Company (ESRX) This Quarter

Wall Street brokerages forecast that Express Scripts Holding Company (NASDAQ:ESRX) will announce sales of $25.67 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Express Scripts Holding’s earnings. The highest sales estimate is $26.07 billion and the lowest is $25.34 billion. Express Scripts Holding reported sales of $25.41 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The company is scheduled to report its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that Express Scripts Holding will report full-year sales of $25.67 billion for the current financial year, with estimates ranging from $99.99 billion to $102.31 billion. For the next year, analysts anticipate that the firm will post sales of $103.44 billion per share, with estimates ranging from $100.40 billion to $106.25 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Express Scripts Holding.

Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The business had revenue of $25.35 billion for the quarter, compared to analysts’ expectations of $25.52 billion. During the same quarter in the prior year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis.

Several research analysts have weighed in on ESRX shares. ValuEngine cut Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Express Scripts Holding from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Needham & Company LLC started coverage on Express Scripts Holding in a research report on Friday, July 21st. They issued a “hold” rating on the stock. Jefferies Group LLC set a $72.00 price objective on Express Scripts Holding and gave the stock a “buy” rating in a research report on Tuesday. Finally, Cowen and Company reissued an “outperform” rating and issued a $83.00 price objective on shares of Express Scripts Holding in a research report on Friday, June 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Express Scripts Holding presently has a consensus rating of “Hold” and an average price target of $70.03.

In related news, VP Everett Neville sold 1,163 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total transaction of $71,501.24. Following the sale, the vice president now directly owns 18,232 shares in the company, valued at approximately $1,120,903.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Burt Wealth Advisors raised its stake in Express Scripts Holding by 11.4% in the second quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock worth $108,000 after buying an additional 174 shares during the last quarter. Dubuque Bank & Trust Co. raised its stake in Express Scripts Holding by 53.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,753 shares of the company’s stock worth $116,000 after buying an additional 608 shares during the last quarter. CKW Financial Group raised its stake in Express Scripts Holding by 20.0% in the second quarter. CKW Financial Group now owns 1,800 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the last quarter. TrimTabs Asset Management LLC bought a new stake in Express Scripts Holding during the first quarter worth about $121,000. Finally, Capital Analysts LLC raised its stake in Express Scripts Holding by 5.6% in the first quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock worth $124,000 after buying an additional 100 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Express Scripts Holding (NASDAQ ESRX) traded up 2.10% during midday trading on Monday, reaching $62.82. The company had a trading volume of 3,122,156 shares. The stock’s 50 day moving average is $61.86 and its 200 day moving average is $63.78. Express Scripts Holding has a 12-month low of $57.80 and a 12-month high of $77.50. The firm has a market capitalization of $36.28 billion, a price-to-earnings ratio of 10.90 and a beta of 0.90.

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Express Scripts Holding Company Profile

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

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Earnings History and Estimates for Express Scripts Holding (NASDAQ:ESRX)

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