Express Scripts Holding Company (ESRX) Updates FY14 Earnings Guidance
Express Scripts Holding Company (NASDAQ:ESRX) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.84-4.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.86, StockRatingsNetwork.com reports. Express Scripts Holding Company also updated its Q3 guidance to $1.27-1.31 EPS.
Shares of Express Scripts Holding Company (NASDAQ:ESRX) traded up 2.09% on Tuesday, hitting $67.28. 7,195,068 shares of the company’s stock traded hands. Express Scripts Holding Company has a 1-year low of $59.20 and a 1-year high of $79.37. The stock’s 50-day moving average is $68.47 and its 200-day moving average is $71.94. The company has a market cap of $52.046 billion and a P/E ratio of 29.63.
Express Scripts Holding Company (NASDAQ:ESRX) last announced its earnings results on Tuesday, July 29th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $25.11 billion for the quarter, compared to the consensus estimate of $24.42 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that Express Scripts Holding Company will post $4.86 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ESRX shares. 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 investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock 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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