Express Scripts Holding Company (ESRX) Posts Quarterly Earnings Results, Hits Estimates
Express Scripts Holding Company (NASDAQ:ESRX) posted its quarterly earnings data on Tuesday. The company reported $1.90 EPS for the quarter, meeting analysts’ consensus estimates of $1.90, Briefing.com reports. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The company had revenue of $24.68 billion during the quarter, compared to analyst estimates of $25.68 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Express Scripts Holding updated its Q4 guidance to $2.03-2.11 EPS.
Shares of Express Scripts Holding (NASDAQ:ESRX) traded up 0.34% during trading on Tuesday, reaching $58.85. 3,819,741 shares of the company traded hands. Express Scripts Holding has a 12 month low of $55.80 and a 12 month high of $77.50. The stock’s 50 day moving average price is $61.26 and its 200-day moving average price is $62.06. The stock has a market cap of $33.99 billion, a P/E ratio of 10.21 and a beta of 0.88.
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A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Express Scripts Holding from a “buy” rating to a “sell” rating in a research note on Tuesday. BidaskClub lowered shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine raised shares of Express Scripts Holding from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada assumed coverage on shares of Express Scripts Holding in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $68.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.09.
In other news, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $63.13, for a total transaction of $36,489.14. Following the sale, the vice president now owns 10,530 shares in the company, valued at approximately $664,758.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the sale, the director now owns 11,500 shares in the company, valued at approximately $735,195. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,641 shares of company stock worth $357,317. Company insiders own 0.68% of the company’s stock.
About Express Scripts Holding
Express Scripts, Inc is a pharmacy benefit management (PBM) 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. It operates in two segments: PBM and Emerging Markets (EM).
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