Perrigo Company (NYSE:PRGO) issued its quarterly earnings results on Thursday. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.28, RTT News reports. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. Perrigo updated its FY17 guidance to $4.80-4.95 EPS.

Shares of Perrigo (PRGO) opened at $87.70 on Friday. Perrigo has a 1 year low of $63.68 and a 1 year high of $91.95. The firm has a market capitalization of $12,392.57, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.72 and a quick ratio of 1.23.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 30th. Perrigo’s dividend payout ratio (DPR) is -6.99%.

Several research analysts have commented on the company. Royal Bank Of Canada raised Perrigo from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $64.00 to $86.00 in a research report on Friday. Morgan Stanley lifted their price target on Perrigo from $79.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company lifted their price target on Perrigo to $90.00 and gave the stock a “market perform” rating in a research report on Friday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $81.00 price target on shares of Perrigo in a research report on Friday. Finally, Oppenheimer Holdings, Inc. assumed coverage on Perrigo in a research report on Thursday, September 7th. They set an “outperform” rating and a $88.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $91.50.

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In other Perrigo news, EVP Jeffrey Needham sold 3,595 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $89.49, for a total value of $321,716.55. Following the sale, the executive vice president now directly owns 10,118 shares in the company, valued at $905,459.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Farrington sold 616 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $76.90, for a total value of $47,370.40. Following the completion of the sale, the executive vice president now owns 2,724 shares in the company, valued at $209,475.60. The disclosure for this sale can be found here. Insiders sold 6,894 shares of company stock worth $581,320 over the last quarter. Company insiders own 6.90% of the company’s stock.

About Perrigo

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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