AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) posted its quarterly earnings data on Thursday. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01, Bloomberg Earnings reports. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The business had revenue of $39.12 billion for the quarter, compared to the consensus estimate of $40.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.2% on a year-over-year basis. AmerisourceBergen Corporation (Holding Co) updated its FY18 guidance to $5.90-6.15 EPS.

ABC has been the topic of a number of analyst reports. Morgan Stanley cut shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Mizuho set a $92.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a report on Tuesday, October 24th. Zacks Investment Research cut shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Cowen and Company raised shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) presently has a consensus rating of “Hold” and an average price target of $91.13.

In related news, insider Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $85.00, for a total transaction of $171,020.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Steven H. Collis sold 21,350 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $76.94, for a total transaction of $1,642,669.00. Following the transaction, the chairman now owns 260,226 shares in the company, valued at approximately $20,021,788.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,078 shares of company stock worth $6,857,812. 27.40% of the stock is owned by corporate insiders.

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About AmerisourceBergen Corporation (Holding Co)

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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