Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

(NASDAQ:WBA) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.40-5.70 for the period, compared to the Thomson Reuters consensus estimate of $5.47.

WBA has been the subject of several analyst reports. For the quarter, shares have been noted at -17.62%. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) earned "Buy" rating by UBS on Wednesday, August 23. Citigroup Inc. reduced their price target on Walgreens Boots Alliance from $95.00 to $81.00 and set a "buy" rating for the company in a research report on Thursday.

The price target set for the stock is $87.85 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. Zacks Investment Research raised Walgreens Boots Alliance from a sell rating to a hold rating in a research report on Monday.

The most recent non open market insider trade was completed by SKINNER JAMES A on 10/23/2017, and was a acquisition of 86,238 shares with a final price of $0.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 69.99 million shares, BLACKROCK INC. with 54.95 million shares, STATE STREET CORP with 37.69 million shares, WELLINGTON MANAGEMENT GROUP LLP with 35.67 million shares, and PRICE T ROWE ASSOCIATES INC /MD/ with 22.74 million shares. The firm has a market capitalization of $67,417.68, a P/E ratio of 13.09 and a beta of 1.20. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover ESV having a buy-equivalent rating. The 1 year EPS growth rate is -1.10%. The business had revenue of $30.15 billion for the quarter, compared to analyst estimates of $29.93 billion. Renaissance Technologies LLC increased its stake in shares of Walgreens Boots Alliance by 21.5% in the first quarter. (WBA), its current distance from 20-Day Simple Moving Average is -2.76% and standing -11.63% away from 50-Day Simple Moving Average while traded down -16.91% from 200-Day Simple Moving Average. Shareholders of record on Thursday, November 17th will be paid a $0.375 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, November 15th. Walgreens Boots Alliance's payout ratio is now 42.33%. The company trades on average around 688000 shares per market session. Cowen & Co upgraded the shares of WBA in report on Wednesday, September 9 to "Outperform" rating. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued. The sale was disclosed in a document filed with the SEC, which is available through this link.

Analyzing the technical facts of Walgreens Boots Alliance, Inc. "(WBA) Releases FY18 Earnings Guidance" was originally published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%.

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