Perrigo Company (NYSE:PRGO) issued its quarterly earnings results on Thursday. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.94 by $0.28, MarketWatch Earnings reports. Perrigo had a positive return on equity of 11.79% and a negative net margin of 43.81%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm posted $1.93 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Perrigo updated its FY17 guidance to $4.45-4.70 EPS.

Shares of Perrigo (PRGO) traded up 2.33% during trading on Friday, hitting $78.63. The stock had a trading volume of 1,612,186 shares. The company’s market capitalization is $11.28 billion. The company’s 50 day moving average price is $73.48 and its 200 day moving average price is $73.02. Perrigo has a 52 week low of $63.68 and a 52 week high of $99.14.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.83%. Perrigo’s dividend payout ratio (DPR) is currently -3.90%.

Several research analysts recently commented on PRGO shares. Wells Fargo & Company reissued a “market perform” rating and set a $67.00 price target on shares of Perrigo in a research report on Friday, April 14th. B. Riley reissued a “neutral” rating and set a $67.00 price target on shares of Perrigo in a research report on Saturday, April 22nd. Deutsche Bank AG reduced their price target on Perrigo from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $68.00 price target on shares of Perrigo in a research report on Wednesday, May 31st. Finally, Royal Bank Of Canada lowered Perrigo from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $66.00 to $60.00 in a research note on Monday, June 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.77.

A number of institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its position in Perrigo by 4.8% in the second quarter. UBS Asset Management Americas Inc. now owns 394,095 shares of the company’s stock valued at $29,762,000 after buying an additional 17,951 shares during the last quarter. Sivik Global Healthcare LLC increased its position in Perrigo by 80.0% in the second quarter. Sivik Global Healthcare LLC now owns 45,000 shares of the company’s stock valued at $3,398,000 after buying an additional 20,000 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in Perrigo during the second quarter valued at approximately $778,000. Thrivent Financial For Lutherans increased its position in Perrigo by 5.9% in the second quarter. Thrivent Financial For Lutherans now owns 123,198 shares of the company’s stock valued at $9,304,000 after buying an additional 6,810 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Perrigo by 47.8% in the second quarter. PNC Financial Services Group Inc. now owns 7,723 shares of the company’s stock valued at $583,000 after buying an additional 2,496 shares during the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.

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Perrigo Company Profile

Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.

Earnings History for Perrigo (NYSE:PRGO)

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