Analysts Anticipate Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to Post $1.15 Earnings Per Share

Equities analysts expect Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to post $1.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Walgreens Boots Alliance’s earnings, with estimates ranging from $0.96 to $1.35. Walgreens Boots Alliance posted earnings per share of $0.83 during the same quarter last year, which suggests a positive year-over-year growth rate of 38.6%. The company is expected to announce its next quarterly earnings report on Thursday, July 8th.

On average, analysts expect that Walgreens Boots Alliance will report full year earnings of $4.89 per share for the current financial year, with EPS estimates ranging from $4.60 to $5.15. For the next year, analysts forecast that the company will report earnings of $5.19 per share, with EPS estimates ranging from $4.99 to $5.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Walgreens Boots Alliance.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, March 30th. The pharmacy operator reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.30. The company had revenue of $32.78 billion for the quarter, compared to the consensus estimate of $36.16 billion. Walgreens Boots Alliance had a return on equity of 18.33% and a net margin of 0.33%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share.

WBA has been the topic of several recent analyst reports. Zacks Investment Research raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Monday, January 11th. Truist boosted their target price on Walgreens Boots Alliance from $44.00 to $48.00 in a report on Friday, January 8th. Barclays boosted their target price on Walgreens Boots Alliance from $47.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, April 5th. Robert W. Baird raised Walgreens Boots Alliance from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $55.00 in a report on Monday, January 11th. Finally, Truist Financial boosted their target price on Walgreens Boots Alliance from $50.00 to $58.00 in a report on Thursday, April 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.06.

NASDAQ WBA traded down $0.18 during trading on Tuesday, reaching $54.12. 6,651,843 shares of the company traded hands, compared to its average volume of 6,204,877. The company has a market cap of $46.78 billion, a price-to-earnings ratio of 108.24, a P/E/G ratio of 1.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.32 and a current ratio of 0.67. Walgreens Boots Alliance has a 1-year low of $33.36 and a 1-year high of $57.05. The stock’s 50 day moving average price is $53.56 and its two-hundred day moving average price is $46.13.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 11th. Shareholders of record on Friday, May 21st will be given a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, May 20th. Walgreens Boots Alliance’s payout ratio is 39.45%.

Several institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC raised its position in shares of Walgreens Boots Alliance by 2.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 7,957 shares of the pharmacy operator’s stock valued at $317,000 after acquiring an additional 204 shares during the last quarter. Allworth Financial LP raised its position in shares of Walgreens Boots Alliance by 8.1% during the 1st quarter. Allworth Financial LP now owns 2,713 shares of the pharmacy operator’s stock valued at $149,000 after acquiring an additional 204 shares during the last quarter. Montecito Bank & Trust raised its position in shares of Walgreens Boots Alliance by 1.6% during the 1st quarter. Montecito Bank & Trust now owns 13,015 shares of the pharmacy operator’s stock valued at $715,000 after acquiring an additional 207 shares during the last quarter. Credit Agricole S A raised its position in shares of Walgreens Boots Alliance by 6.1% during the 4th quarter. Credit Agricole S A now owns 3,715 shares of the pharmacy operator’s stock valued at $148,000 after acquiring an additional 215 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Walgreens Boots Alliance by 5.4% during the 4th quarter. Assetmark Inc. now owns 4,227 shares of the pharmacy operator’s stock valued at $169,000 after acquiring an additional 216 shares during the last quarter. Institutional investors own 55.96% of the company’s stock.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

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Earnings History and Estimates for Walgreens Boots Alliance (NASDAQ:WBA)

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