AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) is scheduled to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect AmerisourceBergen Corporation (Holding Co) to post earnings of $1.32 per share for the quarter. AmerisourceBergen Corporation (Holding Co) has set its FY17 guidance at $5.85-5.92 EPS.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.06. The firm had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 EPS. On average, analysts expect AmerisourceBergen Corporation (Holding Co) to post $5.88 EPS for the current fiscal year and $6.04 EPS for the next fiscal year.

AmerisourceBergen Corporation (NYSE ABC) opened at 82.22 on Thursday. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 21.42 and a beta of 0.96. The company has a 50-day moving average of $81.50 and a 200-day moving average of $86.20. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85.

Several equities research analysts have weighed in on the stock. Mizuho set a $92.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research note on Tuesday. Needham & Company LLC set a $93.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Cowen and Company raised shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 10th. Finally, Robert W. Baird raised shares of AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $89.00 to $96.00 in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $92.04.

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In related news, CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total transaction of $921,852.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dale Danilewitz sold 2,012 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,728 shares of company stock worth $5,215,143. 27.40% of the stock is owned by corporate insiders.

AmerisourceBergen Corporation (Holding Co) Company Profile

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

Earnings History for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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