Express Scripts Holding Company (ESRX) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Express Scripts Holding Company (NASDAQ:ESRX) announced its earnings results on Tuesday. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.01, Analyst Ratings Network reports. The company had revenue of $25.11 billion for the quarter, compared to the consensus estimate of $24.42 billion. During the same quarter last year, the company posted $1.12 earnings per share. Express Scripts Holding Company’s revenue was down 4.8% compared to the same quarter last year. Express Scripts Holding Company updated its Q3 guidance to $1.27-1.31 EPS and its FY14 guidance to $4.84-4.92 EPS.
Express Scripts Holding Company (NASDAQ:ESRX) traded up 2.09% during mid-day trading on Tuesday, hitting $67.28. 7,187,958 shares of the company’s stock traded hands. Express Scripts Holding Company has a 52-week low of $59.20 and a 52-week high of $79.37. The stock has a 50-day moving average of $68.47 and a 200-day moving average of $71.94. The company has a market cap of $52.046 billion and a P/E ratio of 29.63.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Express Scripts Holding Company in a research note on Wednesday, July 23rd. They now have a $79.00 price target on the stock, down previously from $82.00. On a related note, analysts at Cleveland Research downgraded shares of Express Scripts Holding Company from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 23rd. Finally, analysts at Leerink Swann raised their price target on shares of Express Scripts Holding Company from $80.00 to $85.00 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.00.
Express Scripts, Inc is a pharmacy benefit management (NASDAQ:ESRX) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs.
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