AmerisourceBergen Corp. (ABC) Updates FY14 Earnings Guidance
AmerisourceBergen Corp. (NYSE:ABC) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.60-3.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.69, Analyst Ratings Network reports. The company issued revenue guidance of +28-31% to ~$112.6-115.3 billion, compared to the consensus revenue estimate of $114.30 billion.
Shares of AmerisourceBergen Corp. (NYSE:ABC) traded down 0.10% on Tuesday, hitting $70.54. 2,427,311 shares of the company’s stock traded hands. AmerisourceBergen Corp. has a 52 week low of $44.20 and a 52 week high of $71.92. The stock has a 50-day moving average of $70.01 and a 200-day moving average of $63.21. The company has a market cap of $16.226 billion and a price-to-earnings ratio of 38.25.
AmerisourceBergen Corp. (NYSE:ABC) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.05. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.80 billion. During the same quarter last year, the company posted $0.66 earnings per share. AmerisourceBergen Corp.’s revenue was up 28.4% compared to the same quarter last year. Analysts expect that AmerisourceBergen Corp. will post $3.69 EPS for the current fiscal year.
ABC has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of AmerisourceBergen Corp. from $72.00 to $78.00 in a research note to investors on Tuesday, December 17th. They now have a buy rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of AmerisourceBergen Corp. in a research note to investors on Friday, December 13th. They now have a $72.00 price target on the stock. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corp. has an average rating of Buy and an average target price of $68.69.
In other AmerisourceBergen Corp. news, Director Henry Wadsworth Mcgee III sold 9,449 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $69.62, for a total value of $657,839.38. Following the transaction, the director now directly owns 10,034 shares of the company’s stock, valued at approximately $698,567. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
AmerisourceBergen Corporation (NYSE:ABC) a pharmaceutical services companies serving the United States, Canada, and selected global markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.