Perrigo (NYSE:PRGO) Issues Earnings Results, Misses Estimates By $0.09 EPS

Perrigo (NYSE:PRGOGet Rating) released its earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09), MarketWatch Earnings reports. Perrigo had a positive return on equity of 5.19% and a negative net margin of 1.12%. During the same quarter last year, the business earned $0.50 EPS. Perrigo updated its FY 2022 guidance to $2.30-$2.40 EPS.

Shares of PRGO stock traded up $1.98 during trading hours on Thursday, reaching $35.25. 2,554,770 shares of the stock were exchanged, compared to its average volume of 1,535,763. The firm has a market capitalization of $4.74 billion, a P/E ratio of -99.60 and a beta of 1.02. Perrigo has a 12-month low of $31.32 and a 12-month high of $50.90. The business’s fifty day moving average is $36.07 and its two-hundred day moving average is $38.16. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.43 and a quick ratio of 1.79.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Friday, June 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, June 2nd. Perrigo’s dividend payout ratio (DPR) is -297.14%.

In other news, EVP Ronald Craig Janish sold 3,954 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $36.73, for a total value of $145,230.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas Farrington sold 24,485 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $37.13, for a total transaction of $909,128.05. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new position in Perrigo in the fourth quarter worth approximately $144,000. PNC Financial Services Group Inc. increased its stake in shares of Perrigo by 222.6% in the first quarter. PNC Financial Services Group Inc. now owns 8,039 shares of the company’s stock valued at $308,000 after buying an additional 5,547 shares during the period. Renaissance Technologies LLC bought a new stake in Perrigo during the fourth quarter worth $587,000. Natixis Advisors L.P. grew its position in Perrigo by 135.4% during the first quarter. Natixis Advisors L.P. now owns 24,726 shares of the company’s stock worth $950,000 after buying an additional 14,222 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Perrigo by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,273 shares of the company’s stock worth $1,372,000 after purchasing an additional 322 shares during the period. 91.25% of the stock is currently owned by institutional investors.

Separately, StockNews.com initiated coverage on shares of Perrigo in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

About Perrigo (Get Rating)

Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International.

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Earnings History for Perrigo (NYSE:PRGO)

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