PharMerica Co. (NYSE:PMC) – Equities research analysts at KeyCorp upped their FY2017 earnings per share estimates for PharMerica in a research report issued to clients and investors on Monday. KeyCorp analyst J. Gurda now expects that the company will post earnings of $1.90 per share for the year, up from their prior estimate of $1.85. KeyCorp also issued estimates for PharMerica’s FY2018 earnings at $2.05 EPS.

Separately, Zacks Investment Research upgraded PharMerica from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th.

Earnings History and Estimates for PharMerica (NYSE:PMC)

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Shares of PharMerica (NYSE:PMC) opened at 25.85 on Wednesday. The stock has a market cap of $797.19 million, a price-to-earnings ratio of 38.58 and a beta of 1.10. The stock’s 50 day moving average price is $23.59 and its 200 day moving average price is $24.31. PharMerica has a one year low of $19.20 and a one year high of $28.72.

PharMerica (NYSE:PMC) last posted its earnings results on Wednesday, May 10th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $566.80 million during the quarter, compared to analyst estimates of $536.85 million. PharMerica had a return on equity of 10.40% and a net margin of 1.64%. PharMerica’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share.

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in PharMerica during the first quarter worth $121,000. US Bancorp DE raised its stake in PharMerica by 41.3% in the first quarter. US Bancorp DE now owns 7,121 shares of the company’s stock worth $167,000 after buying an additional 2,081 shares in the last quarter. Mason Street Advisors LLC raised its stake in PharMerica by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,200 shares of the company’s stock worth $168,000 after buying an additional 474 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in PharMerica by 4.7% in the first quarter. Tudor Investment Corp ET AL now owns 8,602 shares of the company’s stock worth $201,000 after buying an additional 389 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in PharMerica during the fourth quarter worth $207,000. Institutional investors own 97.15% of the company’s stock.

PharMerica Company Profile

5 Day Chart for NYSE:PMC

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