McKesson Corporation (NYSE:MCK) – Leerink Swann lifted their FY2018 EPS estimates for McKesson Corporation in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Leerink Swann analyst D. Larsen now anticipates that the company will earn $12.25 per share for the year, up from their previous estimate of $12.10. Leerink Swann also issued estimates for McKesson Corporation’s Q1 2019 earnings at $2.70 EPS, Q2 2019 earnings at $3.01 EPS, Q3 2019 earnings at $3.22 EPS, Q4 2019 earnings at $3.81 EPS and FY2020 earnings at $14.10 EPS.
McKesson Corporation (NYSE:MCK) last issued its quarterly earnings data on Thursday, October 26th. The company reported $3.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.50. McKesson Corporation had a net margin of 2.24% and a return on equity of 24.87%. The business had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.69 billion. During the same period in the previous year, the company earned $2.94 earnings per share. McKesson Corporation’s revenue for the quarter was up 4.2% on a year-over-year basis.
Several other research firms have also recently commented on MCK. BidaskClub cut shares of McKesson Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Robert W. Baird upgraded shares of McKesson Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the company from $175.00 to $178.00 in a research note on Tuesday, September 19th. Mizuho set a $168.00 price target on shares of McKesson Corporation and gave the company a “hold” rating in a report on Tuesday, October 24th. TheStreet lowered shares of McKesson Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Finally, ValuEngine raised shares of McKesson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. McKesson Corporation currently has an average rating of “Hold” and a consensus price target of $174.27.
Shares of McKesson Corporation (NYSE:MCK) traded up $0.44 during trading on Monday, hitting $138.05. 2,289,800 shares of the stock were exchanged, compared to its average volume of 1,843,149. The firm has a market capitalization of $28,688.18, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. McKesson Corporation has a twelve month low of $133.82 and a twelve month high of $169.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 0.61.
Institutional investors have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. acquired a new position in McKesson Corporation during the 1st quarter valued at about $100,000. Captrust Financial Advisors acquired a new position in McKesson Corporation during the 2nd quarter valued at about $107,000. Archford Capital Strategies LLC lifted its position in McKesson Corporation by 52.8% during the 1st quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock valued at $115,000 after purchasing an additional 268 shares during the period. Orrstown Financial Services Inc. lifted its position in McKesson Corporation by 6.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 758 shares of the company’s stock valued at $124,000 after purchasing an additional 43 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in McKesson Corporation during the 2nd quarter valued at about $125,000. Institutional investors own 85.93% of the company’s stock.
In related news, Director M Christine Jacobs sold 1,083 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $145.43, for a total transaction of $157,500.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Erin M. Lampert sold 900 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $155.65, for a total transaction of $140,085.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 950,983 shares of company stock worth $145,560,946. 1.20% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.36 annualized dividend and a yield of 0.99%. McKesson Corporation’s dividend payout ratio (DPR) is 6.45%.
About McKesson Corporation
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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