In the latest session, Perrigo Company plc (NYSE: PRGO) closed at $27.30 down -15.14% from its previous closing price of $32.17. In other words, the price has decreased by -$4.87 from its previous closing price. On the day, 10616774 shares were traded.
Ratios:
For a deeper understanding of Perrigo Company plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.76.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on November 17, 2023, initiated with a Overweight rating and assigned the stock a target price of $37.
On March 07, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $49.
Argus Upgraded its Hold to Buy on September 14, 2022, while the target price for the stock was maintained at $46.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 24 when Willis Robert bought 5,550 shares for $31.01 per share. The transaction valued at 172,106 led to the insider holds 19,105 shares of the business.
Ives Alison bought 2,040 shares of PRGO for $59,854 on Nov 16. The EVP & Chief Scientific Officer now owns 10,380 shares after completing the transaction at $29.34 per share. On Nov 14, another insider, Lockwood-Taylor Patrick, who serves as the CEO of the company, bought 11,000 shares for $28.99 each. As a result, the insider paid 318,868 and bolstered with 11,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 1.58 whereas that against EBITDA is 13.96.
Stock Price History:
Over the past 52 weeks, PRGO has reached a high of $40.28, while it has fallen to a 52-week low of $26.81. The 50-Day Moving Average of the stock is 32.27, while the 200-Day Moving Average is calculated to be 32.75.
Shares Statistics:
For the past three months, PRGO has traded an average of 1.61M shares per day and 1.31M over the past ten days. A total of 135.50M shares are outstanding, with a floating share count of 134.90M. Insiders hold about 0.45% of the company’s shares, while institutions hold 96.90% stake in the company. Shares short for PRGO as of Jan 31, 2024 were 4.71M with a Short Ratio of 2.93, compared to 4.11M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.48% and a Short% of Float of 3.92%.
Dividends & Splits
According to the company, the forward annual dividend rate for PRGO is 1.09, from 1.08 in the trailing year. Against a Trailing Annual Dividend Yield of 3.35%, it implies a Forward Annual Dividend Yield of 3.40%. The stock’s 5-year Average Dividend Yield is 2.30.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.83 for the current quarter, with a high estimate of $0.87 and a low estimate of $0.78, while EPS last year was $0.75. The consensus estimate for the next quarter is $0.7, with high estimates of $0.7 and low estimates of $0.7.
Analysts are recommending an EPS of between $2.61 and $2.5 for the fiscal current year, implying an average EPS of $2.56. EPS for the following year is $2.99, with 5 analysts recommending between $3.13 and $2.86.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $1.18B this quarter.It ranges from a high estimate of $1.19B to a low estimate of $1.15B. As of the current estimate, Perrigo Company plc’s year-ago sales were $1.16B, an estimated increase of 1.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.23B, an increase of 4.00% over than the figure of $1.80% in the same quarter last year. There is a high estimate of $1.23B for the next quarter, whereas the lowest estimate is $1.23B.
A total of 4 analysts have provided revenue estimates for PRGO’s current fiscal year. The highest revenue estimate was $4.69B, while the lowest revenue estimate was $4.65B, resulting in an average revenue estimate of $4.67B. In the same quarter a year ago, actual revenue was $4.45B, up 4.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $4.89B in the next fiscal year. The high estimate is $4.93B and the low estimate is $4.85B. The average revenue growth estimate for next year is up 4.70% from the average revenue estimate for this year.
