AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.90-6.15 for the period, compared to the Thomson Reuters consensus estimate of $6.08. The company issued revenue guidance of $163.86-166.93 billion, compared to the consensus revenue estimate of $165.40 billion.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company 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 firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several analysts have issued reports on ABC shares. Morgan Stanley downgraded 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 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a hold rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a hold rating to a sell rating in a report on Tuesday, October 3rd. ValuEngine downgraded 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 investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $91.13.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $80.94, for a total transaction of $103,036.62. Following the transaction, the insider now owns 10,830 shares of the company’s stock, valued at $876,580.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dale Danilewitz sold 2,012 shares of the stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 64,728 shares of company stock worth $5,215,143. 27.40% of the stock is currently owned by insiders.

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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 and Estimates for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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