Equities analysts expect Pharmerica Corporation (NYSE:PMC) to report $0.52 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Pharmerica Corporation’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.51. Pharmerica Corporation posted earnings of $0.58 per share during the same quarter last year, which suggests a negative year over year growth rate of 10.3%. The company is scheduled to report its next earnings report on Friday, February 23rd.
On average, analysts expect that Pharmerica Corporation will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.90 to $1.94. For the next fiscal year, analysts anticipate that the company will post earnings of $2.17 per share, with EPS estimates ranging from $2.07 to $2.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Pharmerica Corporation.
Pharmerica Corporation (NYSE:PMC) last posted its earnings results on Thursday, November 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Pharmerica Corporation had a return on equity of 10.94% and a net margin of 0.83%. The firm had revenue of $595.10 million for the quarter, compared to analysts’ expectations of $596.80 million.
Several equities research analysts have recently issued reports on PMC shares. Zacks Investment Research raised shares of Pharmerica Corporation from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, September 27th. ValuEngine raised shares of Pharmerica Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Credit Suisse Group lowered shares of Pharmerica Corporation from an “outperform” rating to a “neutral” rating and raised their price target for the company from $29.00 to $29.25 in a research note on Friday, August 4th. They noted that the move was a valuation call. UBS AG reaffirmed a “neutral” rating and issued a $29.25 price target (up from $26.00) on shares of Pharmerica Corporation in a research note on Thursday, August 3rd. Finally, KeyCorp lowered shares of Pharmerica Corporation to an “overweight” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.50.
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Institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. purchased a new position in Pharmerica Corporation in the 3rd quarter valued at about $1,946,000. Chicago Equity Partners LLC purchased a new position in Pharmerica Corporation in the 2nd quarter valued at about $2,061,000. Victory Capital Management Inc. lifted its stake in Pharmerica Corporation by 40.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,294,142 shares of the company’s stock valued at $33,971,000 after buying an additional 370,266 shares in the last quarter. California Public Employees Retirement System lifted its stake in Pharmerica Corporation by 13.8% in the 2nd quarter. California Public Employees Retirement System now owns 92,400 shares of the company’s stock valued at $2,426,000 after buying an additional 11,200 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Pharmerica Corporation by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 430,934 shares of the company’s stock valued at $11,312,000 after buying an additional 8,615 shares in the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
Pharmerica Corporation (NYSE:PMC) remained flat at $$29.15 during mid-day trading on Friday. The stock had a trading volume of 267,428 shares, compared to its average volume of 257,149. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.79 and a current ratio of 2.58. Pharmerica Corporation has a 12-month low of $22.00 and a 12-month high of $29.50. The firm has a market capitalization of $907.15, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81.
Pharmerica Corporation Company Profile
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