MCK (McKesson Corporation): Time to Pay Attention?

The price of McKesson Corporation (NYSE: MCK) closed at 346.96 in the last session, up 0.43% from day before closing price of $345.47. In other words, the price has increased by $+1.49 from its previous closing price. On the day, 1108211 shares were traded. MCK reached its highest trading level at $349.97 during the session, while it also had its lowest trading level at $344.01.

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We take a closer look at MCK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.00.

Upgrades & Downgrades

Deutsche Bank Upgraded its Hold to Buy on June 07, 2022, whereas the target price for the stock was revised from $343 to $378.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 15 when Schechter Lori A. sold 7,500 shares for $343.94 per share. The transaction valued at 2,579,550 led to the insider holds 11,678 shares of the business.

Rodgers Thomas L sold 1,300 shares of MCK for $477,373 on Sep 08. The EVP, Chief Strategy & BDO now owns 2,544 shares after completing the transaction at $367.21 per share. On Jun 21, another insider, TYLER BRIAN S., who serves as the Chief Executive Officer of the company, sold 1,535 shares for $305.20 each. As a result, the insider received 468,482 and left with 75,737 shares of the company.

Valuation Measures:

As of this moment, McKesson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.91, and their Forward P/E ratio for the next fiscal year is 13.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18.

Stock Price History:

Over the past 52 weeks, MCK has reached a high of $375.23, while it has fallen to a 52-week low of $193.89. The 50-Day Moving Average of the stock is 351.03, while the 200-Day Moving Average is calculated to be 305.58.

Shares Statistics:

According to the various share statistics, MCK traded on average about 1.03M shares per day over the past 3-months and 1.14M shares per day over the past 10 days. A total of 144.20M shares are outstanding, with a floating share count of 143.57M. Insiders hold about 0.10% of the company’s shares, while institutions hold 89.80% stake in the company. Shares short for MCK as of Jul 14, 2022 were 2.5M with a Short Ratio of 2.27, compared to 2.48M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.74% and a Short% of Float of 1.95%.

Dividends & Splits

The forward annual dividend rate for MCK is 2.16, which was 1.66 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.48%, it implies a Forward Annual Dividend Yield of 0.63%. The stock’s 5-year Average Dividend Yield is 0.97. The current Payout Ratio is 19.20% for MCK, which recently paid a dividend on Oct 02, 2022 with an ex-dividend date of Aug 30, 2022. Stock splits for the company last occurred on Jan 04, 1998 when the company split stock in a 2:1 ratio.

Earnings Estimates

The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of $5.28 for the current quarter, with a high estimate of $5.35 and a low estimate of $5.18, while EPS last year was $5.56. The consensus estimate for the next quarter is $5.81, with high estimates of $6.06 and low estimates of $5.51.

Analysts are recommending an EPS of between $23.58 and $23.16 for the fiscal current year, implying an average EPS of $23.35. EPS for the following year is $25.54, with 13 analysts recommending between $26.15 and $25.

Revenue Estimates

According to 10 analysts, the current quarter’s revenue is expected to be $65.14B. It ranges from a high estimate of $66.75B to a low estimate of $62.42B. As of the current estimate, McKesson Corporation’s year-ago sales were $60.09B, an estimated increase of 8.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $67.82B, an increase of 7.50% less than the figure of $8.40% in the same quarter last year. There is a high estimate of $68.32B for the next quarter, whereas the lowest estimate is $66.8B.

A total of 11 analysts have provided revenue estimates for MCK’s current fiscal year. The highest revenue estimate was $271.07B, while the lowest revenue estimate was $265.42B, resulting in an average revenue estimate of $268.5B. In the same quarter a year ago, actual revenue was $263.97B, up 1.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $275.95B in the next fiscal year. The high estimate is $283.42B and the low estimate is $267.55B. The average revenue growth estimate for next year is up 2.80% from the average revenue estimate for this year.