Allergan plc (NYSE:AGN) – Investment analysts at Gabelli lifted their FY2021 earnings per share (EPS) estimates for shares of Allergan in a report issued on Wednesday. Gabelli analyst K. Kedra now expects that the company will earn $21.45 per share for the year, up from their prior forecast of $21.40.
Allergan (NYSE:AGN) last released its quarterly earnings results on Tuesday, February 6th. The company reported $4.86 EPS for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.12. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.28 billion. Allergan had a positive return on equity of 8.28% and a negative net margin of 26.32%. Allergan’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.90 earnings per share.
Allergan (NYSE AGN) traded down $1.43 during midday trading on Friday, hitting $162.77. The stock had a trading volume of 4,240,391 shares, compared to its average volume of 3,128,767. The firm has a market capitalization of $54,610.00, a price-to-earnings ratio of -13.58, a P/E/G ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 2.04. Allergan has a 52 week low of $157.70 and a 52 week high of $256.80.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.72 per share. This is a positive change from Allergan’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 1.77%. Allergan’s payout ratio is -23.35%.
In related news, Director Chris W. Bodine purchased 3,030 shares of the stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of $164.77 per share, with a total value of $499,253.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Brent L. Saunders purchased 4,600 shares of the stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $164.74 per share, for a total transaction of $757,804.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,630 shares of company stock worth $2,890,057 in the last ninety days. Insiders own 0.36% of the company’s stock.
Several large investors have recently bought and sold shares of AGN. Itau Unibanco Holding S.A. boosted its stake in shares of Allergan by 108.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,694 shares of the company’s stock worth $277,000 after acquiring an additional 881 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Allergan by 479.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the company’s stock worth $289,000 after acquiring an additional 1,463 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Allergan by 13.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,763,209 shares of the company’s stock worth $288,426,000 after acquiring an additional 210,962 shares during the period. Rhumbline Advisers boosted its stake in shares of Allergan by 2.6% during the 4th quarter. Rhumbline Advisers now owns 534,738 shares of the company’s stock worth $87,472,000 after acquiring an additional 13,462 shares during the period. Finally, Levin Capital Strategies L.P. boosted its stake in shares of Allergan by 44.9% during the 4th quarter. Levin Capital Strategies L.P. now owns 654,173 shares of the company’s stock worth $107,010,000 after acquiring an additional 202,643 shares during the period. 80.23% of the stock is currently owned by hedge funds and other institutional investors.
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Allergan Company Profile
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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