Brokerages expect McKesson Corporation (NYSE:MCK) to announce earnings of $2.78 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for McKesson Corporation’s earnings. The highest EPS estimate is $2.97 and the lowest is $2.59. McKesson Corporation reported earnings per share of $2.94 in the same quarter last year, which would suggest a negative year over year growth rate of 5.4%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that McKesson Corporation will report full year earnings of $12.11 per share for the current fiscal year, with EPS estimates ranging from $11.90 to $12.36. For the next fiscal year, analysts anticipate that the firm will report earnings of $12.93 per share, with EPS estimates ranging from $12.70 to $13.26. Zacks’ EPS averages are a mean average based on a survey of research firms that cover McKesson Corporation.

McKesson Corporation (NYSE:MCK) last released its earnings results on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by $0.35. McKesson Corporation had a return on equity of 25.76% and a net margin of 2.42%. The firm had revenue of $51.05 billion for the quarter, compared to the consensus estimate of $51.22 billion. During the same quarter in the previous year, the business posted $3.50 EPS. McKesson Corporation’s revenue was up 2.7% on a year-over-year basis.

MCK has been the subject of a number of analyst reports. Vetr raised McKesson Corporation from a “buy” rating to a “strong-buy” rating and set a $157.86 price target for the company in a report on Tuesday, April 18th. Evercore ISI reissued an “outperform” rating and issued a $166.00 price target on shares of McKesson Corporation in a report on Monday, April 17th. Barclays PLC reissued an “overweight” rating and issued a $174.00 price target on shares of McKesson Corporation in a report on Thursday, April 27th. Leerink Swann set a $140.00 price target on McKesson Corporation and gave the stock a “hold” rating in a report on Friday, May 19th. Finally, J P Morgan Chase & Co raised McKesson Corporation from a “neutral” rating to an “overweight” rating and set a $189.00 price target for the company in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. McKesson Corporation currently has an average rating of “Hold” and a consensus target price of $171.21.

McKesson Corporation (NYSE:MCK) traded down 0.38% during midday trading on Tuesday, reaching $161.26. 1,319,516 shares of the company’s stock were exchanged. McKesson Corporation has a 52 week low of $114.53 and a 52 week high of $197.08. The firm’s 50 day moving average is $164.64 and its 200 day moving average is $151.68. The firm has a market capitalization of $33.91 billion, a price-to-earnings ratio of 7.38 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s payout ratio is 5.00%.

In other McKesson Corporation news, Chairman John H. Hammergren sold 38,619 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $163.76, for a total transaction of $6,324,247.44. Following the completion of the sale, the chairman now owns 19,309 shares of the company’s stock, valued at $3,162,041.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marie L/Ca Knowles sold 1,083 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $162.55, for a total value of $176,041.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,231 shares of company stock valued at $9,830,297. 1.20% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. purchased a new stake in McKesson Corporation during the first quarter worth about $100,000. Orrstown Financial Services Inc. increased its stake in McKesson Corporation by 16.3% in the first quarter. Orrstown Financial Services Inc. now owns 715 shares of the company’s stock worth $106,000 after buying an additional 100 shares during the period. Archford Capital Strategies LLC increased its stake in McKesson Corporation by 52.8% in the first quarter. Archford Capital Strategies LLC now owns 776 shares of the company’s stock worth $115,000 after buying an additional 268 shares during the period. WFG Advisors LP increased its stake in McKesson Corporation by 123.5% in the first quarter. WFG Advisors LP now owns 818 shares of the company’s stock worth $121,000 after buying an additional 452 shares during the period. Finally, Tompkins Financial Corp increased its stake in McKesson Corporation by 2.3% in the second quarter. Tompkins Financial Corp now owns 785 shares of the company’s stock worth $129,000 after buying an additional 18 shares during the period. 89.04% of the stock is owned by hedge funds and other institutional investors.

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McKesson Corporation Company Profile

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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Earnings History and Estimates for McKesson Corporation (NYSE:MCK)

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