Equities research analysts predict that Walgreens Boots Alliance, Inc. (NASDAQ:WBA) will post sales of $30.05 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Walgreens Boots Alliance’s earnings. The lowest sales estimate is $29.19 billion and the highest is $30.66 billion. Walgreens Boots Alliance posted sales of $28.64 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, October 25th.

On average, analysts expect that Walgreens Boots Alliance will report full year sales of $30.05 billion for the current fiscal year, with estimates ranging from $117.26 billion to $118.73 billion. For the next year, analysts forecast that the business will report sales of $128.34 billion per share, with estimates ranging from $121.23 billion to $133.53 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Walgreens Boots Alliance.

A number of research analysts have weighed in on the company. Needham & Company LLC set a $94.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Monday, July 17th. Pivotal Research set a $85.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a report on Sunday, July 2nd. Guggenheim restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Morgan Stanley restated an “overweight” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Finally, Citigroup Inc. restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $89.24.

COPYRIGHT VIOLATION NOTICE: “Walgreens Boots Alliance, Inc. (WBA) Expected to Post Quarterly Sales of $30.05 Billion” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/23/walgreens-boots-alliance-inc-wba-expected-to-post-quarterly-sales-of-30-05-billion.html.

In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the sale, the director now directly owns 19,151 shares of the company’s stock, valued at approximately $1,528,058.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudock Capital Group LLC grew its position 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 in the last quarter. Modera Wealth Management LLC grew its position in Walgreens Boots Alliance by 0.4% in the 1st quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after acquiring an additional 9 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Walgreens Boots Alliance by 0.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after acquiring an additional 16 shares in the last quarter. Sowell Financial Services LLC grew its position in Walgreens Boots Alliance by 0.6% in the 1st quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock valued at $218,000 after acquiring an additional 17 shares in the last quarter. Finally, WealthTrust Arizona LLC grew its position in Walgreens Boots Alliance by 0.4% in the 2nd quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock valued at $412,000 after acquiring an additional 21 shares in the last quarter. 60.14% of the stock is owned by institutional investors.

Walgreens Boots Alliance (NASDAQ WBA) opened at 68.06 on Monday. Walgreens Boots Alliance has a 12-month low of $66.92 and a 12-month high of $88.00. The stock has a market cap of $72.83 billion, a P/E ratio of 17.19 and a beta of 1.25. The stock has a 50 day moving average of $76.37 and a 200 day moving average of $80.09.

Walgreens Boots Alliance announced that its Board of Directors has initiated a share repurchase program on Thursday, June 29th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the pharmacy operator to purchase up to 5.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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).

Get a free copy of the Zacks research report on Walgreens Boots Alliance (WBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Walgreens Boots Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.