AmerisourceBergen Corporation (Holding Co) (ABC) Scheduled to Post Earnings on Thursday
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.
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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.
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