AmerisourceBergen (NYSE:ABC) is scheduled to be posting its quarterly earnings results before the market opens on Monday, January 29th. AmerisourceBergen has set its FY18 guidance at $5.90-6.15 EPS.
AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The company had revenue of $39.12 billion during the quarter, compared to the consensus estimate of $40.10 billion. AmerisourceBergen had a return on equity of 56.29% and a net margin of 0.27%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. On average, analysts expect AmerisourceBergen to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
AmerisourceBergen (NYSE:ABC) opened at $100.06 on Monday. The stock has a market capitalization of $21,821.29, a P/E ratio of 54.09, a P/E/G ratio of 1.69 and a beta of 0.99. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen has a 52 week low of $71.90 and a 52 week high of $101.85.
In other news, Director Richard W. Gochnauer sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $96.54, for a total transaction of $193,080.00. Following the sale, the director now directly owns 12,947 shares of the company’s stock, valued at approximately $1,249,903.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $74.28, for a total value of $861,648.00. Following the sale, the chief financial officer now directly owns 40,326 shares in the company, valued at $2,995,415.28. The disclosure for this sale can be found here. Insiders sold a total of 203,823 shares of company stock valued at $17,145,148 over the last 90 days. 27.40% of the stock is currently owned by corporate insiders.
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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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