Express Scripts Holding Company to Post Q1 2019 Earnings of $1.76 Per Share, William Blair Forecasts (ESRX)
Express Scripts Holding Company (NASDAQ:ESRX) – Investment analysts at William Blair issued their Q1 2019 EPS estimates for shares of Express Scripts Holding in a note issued to investors on Wednesday. William Blair analyst J. Kreger anticipates that the company will earn $1.76 per share for the quarter. William Blair also issued estimates for Express Scripts Holding’s FY2021 earnings at $6.57 EPS.
Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.90. Express Scripts Holding had a net margin of 3.64% and a return on equity of 25.46%. The company had revenue of $24.68 billion during the quarter, compared to the consensus estimate of $25.68 billion. During the same quarter in the prior year, the firm posted $1.74 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis.
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Several other brokerages have also recently commented on ESRX. ValuEngine raised shares of Express Scripts Holding from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price objective on shares of Express Scripts Holding in a research note on Friday, September 1st. Needham & Company LLC began coverage on shares of Express Scripts Holding in a research note on Friday, July 21st. They set a “hold” rating for the company. BidaskClub cut shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Express Scripts Holding in a research note on Monday, October 9th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.56.
Shares of Express Scripts Holding (NASDAQ ESRX) traded down 0.9485% during mid-day trading on Monday, hitting $61.6001. 1,351,188 shares of the stock were exchanged. The stock has a market capitalization of $35.58 billion, a price-to-earnings ratio of 10.6908 and a beta of 0.88. The stock’s 50-day moving average is $61.07 and its 200-day moving average is $61.95. Express Scripts Holding has a 52 week low of $55.80 and a 52 week high of $77.50.
In related news, VP Phyllis S. Anderson sold 578 shares of Express Scripts Holding stock in a transaction on Friday, September 8th. The shares were sold at an average price of $63.13, for a total value of $36,489.14. Following the transaction, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total transaction of $249,327.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,641 shares of company stock valued at $357,317. Company insiders own 0.68% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ESRX. Dodge & Cox increased its stake in shares of Express Scripts Holding by 25.7% in the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after buying an additional 7,388,021 shares during the period. Pzena Investment Management LLC purchased a new position in shares of Express Scripts Holding in the second quarter worth $181,234,000. Renaissance Technologies LLC increased its stake in shares of Express Scripts Holding by 9,353.3% in the first quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock worth $86,226,000 after buying an additional 1,294,400 shares during the period. Baupost Group LLC MA purchased a new position in shares of Express Scripts Holding in the first quarter worth $80,978,000. Finally, Northern Trust Corp increased its stake in shares of Express Scripts Holding by 12.2% in the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock worth $706,629,000 after buying an additional 1,206,980 shares during the period. 88.55% of the stock is currently owned by institutional investors.
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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