Analysts Expect Walgreens Boots Alliance, Inc. (WBA) Will Announce Quarterly Sales of $30.11 Billion
Analysts expect that Walgreens Boots Alliance, Inc. (NASDAQ:WBA) will announce sales of $30.11 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Walgreens Boots Alliance’s earnings, with estimates ranging from $29.25 billion to $30.66 billion. Walgreens Boots Alliance reported sales of $28.64 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is scheduled to report its next earnings report before the market opens on Wednesday, October 25th.
According to Zacks, analysts expect that Walgreens Boots Alliance will report full-year sales of $30.11 billion for the current fiscal year, with estimates ranging from $117.32 billion to $118.78 billion. For the next year, analysts anticipate that the firm will post sales of $127.67 billion per share, with estimates ranging from $121.63 billion to $133.53 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Walgreens Boots Alliance.
A number of equities analysts have issued reports on WBA shares. Zacks Investment Research cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Needham & Company LLC started coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, June 27th. They issued a “hold” rating on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $77.00 price objective (down previously from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Finally, Pivotal Research set a $85.00 price objective on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a report on Sunday, July 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $92.06.
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In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the transaction, the director now directly owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Hudock Capital Group LLC raised its holdings in Walgreens Boots Alliance by 0.5% in the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after acquiring an additional 6 shares during the period. Modera Wealth Management LLC increased its stake in shares of Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after purchasing an additional 9 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after purchasing an additional 16 shares during the period. Sowell Financial Services LLC increased its stake in shares of Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after purchasing an additional 17 shares during the period. Finally, WealthTrust Arizona LLC increased its stake in shares of Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after purchasing an additional 21 shares during the period. 60.16% of the stock is currently owned by institutional investors.
Walgreens Boots Alliance (NASDAQ:WBA) opened at 76.79 on Wednesday. The stock has a market cap of $82.17 billion, a PE ratio of 19.39 and a beta of 1.25. The company has a 50-day moving average price of $80.49 and a 200-day moving average price of $81.30. Walgreens Boots Alliance has a 52 week low of $75.18 and a 52 week high of $89.69.
Walgreens Boots Alliance announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 29th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the pharmacy operator to buy up to 5.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio is presently 40.30%.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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