Tuesday, 21 November, 2017

Walgreens Boots Alliance reports above-forecast fourth quarter profit and revenue

Walgreen Boots Alliance Boots' UK stores push up Walgreens Boots Alliance
Lucas Bell | 27 October, 2017, 00:53

USA drugstore chain Walgreens Boots Alliance Inc's quarterly profit and revenue beat Wall Street estimates, as the company filled millions of more drug prescriptions thanks to newly won contracts from pharmacy benefit managers. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued. (NASDAQ:WBA) by 36.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The stock has a consensus rating of "Buy" and a consensus target price of $88.39. The firm has "Buy" rating given on Tuesday, October 17 by Jefferies. The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) has "Buy" rating given on Wednesday, August 23 by UBS. Guggenheim reiterated a "buy" rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Mean recommendation is rated on a 1 to 5 scale. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. WBA has diverse figures for different time frames; starting from week's performance dropped 2.39% in last five regular trading sessions. (WBA) maintained activity of 6 million shares that trade hands on average basis while its relative volume is 1.36. The share price has moved backward from its 20 days moving average, trading at a distance of -3.06% and stays -10.2% away from its 50 days moving average.

Walgreens Boots Alliance, Inc. has a one year low of $66.05 and a one year high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Wednesday, October 25th.

For the ongoing Fiscal Quarter, 19 analysts have an average earnings forecast of $1.21 per share. Greenleaf Trust's holdings in Walgreens Boots Alliance were worth $467,000 as of its most recent SEC filing. During the same quarter in the prior year, the business earned $1.07 earnings per share. It last reported revenues of $12.9 billion and EPS of $0.67 for the June 2017, representing -2% top-line growth and 0.64 EPS growth.

UK GDP Figures - comment
However, the construction industry, often seen as a barometer for the broader economy, contracted for the second quarter in a row. The British pound rose shortly after today's growth report, going up 0.25 percent against the United States dollar to $1.317.

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The impact of Hurricane Maria in Puerto Rico, where Walgreens is the largest drugstore chain, would reduce current-quarter profit by $90 million, the company said on a call with analysts.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Walgreens Boots Alliance's payout ratio is now 40.30%. China Petroleum & Chemical Corp (ADR) (NYSE:SNP) has risen 24.29% since October 26, 2016 and is uptrending. The original version of this article can be read at https://weekherald.com/2017/10/26/columbus-circle-investors-trims-stake-in-walgreens-boots-alliance-inc-wba.html.

The company previous year snatched a contract from larger rival CVS Health Corp to fill prescriptions for Tricare, a Department of Defense healthcare program, and for customers of Prime Therapeutics, a Minnesota-based pharmacy benefit manager. However, in the group's worldwide pharmacy division, which includes Boots stores in the UK, Thailand, the Netherlands and elsewhere, sales fell by 3.2 per cent on a like-for-like basis. The stock's beta is 0.59 whilst the stock has an average true range (ATR) of 0.78.

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