The pharmacy operator reported $1.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.30 by $0.03.
The RSI is most typically used on a 14-day timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30, respectively. Its last month's stock price volatility remained 1.31% which for the week stands at 1.77%.
So the company beats the analysts estimate by $0.03/share showing a surprise of 2.3%. During the same period in the prior year, the company posted $1.18 EPS. After a recent check, Walgreens Boots Alliance Inc (NASDAQ:WBA)'s 14-day RSI is presently at 39.16.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, June 29th. Earnings, with 20 analysts believing the company would generate an Average Estimate of $1.21. Walgreens Boots Alliance had a return on equity of 16.86% and a net margin of 3.66%. The business's revenue for the quarter was up 2.1% compared to the same quarter a year ago. The firm is also becoming more cautious on "restructuring charges" that management is consistently reporting (it estimates ~$0.10/share in F3Q:17). Zacks Investment Research raised Walgreens Boots Alliance from a "sell" rating to a "hold" rating in a report on Thursday, March 23rd. Robert W. Baird reiterated an "outperform" rating and set a $96.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, March 27th. Morgan Stanley restated an "overweight" rating and issued a $95.00 price target on shares of Walgreens Boots Alliance in a research report on Monday. They now have a Dollars 92 price target on the stock. Finally, Jefferies Group LLC restated a "buy" rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, April 6th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Looking at the other side of the coin, WBA traded as low as $75.18 in the past 52 weeks, and since then the shares have risen 3.38% or $2.54. The company has its outstanding shares of 5.21 billion. The company has a market capitalization of $83.82 billion, a price-to-earnings ratio of 19.93 and a beta of 1.20.
The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -6.13% and has no so good Year to Date (YTD) Performance of -6.09% which means the stock is constantly adding to its value from previous fiscal year end price. Walgreens Boots Alliance has a 52 week low of $76.26 and a 52 week high of $88.00.
The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Thursday, May 18th were given a dividend of $0.375 per share.
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According to Yahoo Finance, The Dividend Date for Walgreens Boots Alliance is Jun 12, 2017 and its Ex-Dividend Date is May 16, 2017. This represents a $1.50 dividend on an annualized basis and a yield of 1.93%. Walgreens Boots Alliance's dividend payout ratio is 37.78%.
In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $85.89, for a total transaction of $234,995.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
The Target Price for Walgreens Boots Alliance (NASDAQ:WBA) is $92.95/share according to the consensus analysis of analysts working on the stock. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator's stock worth $108,000 after buying an additional 5 shares during the period.
Walgreens Boots Alliance, Inc. had its "buy" rating reiterated by analysts at Citigroup. Two Sigma Investments LP increased its position in shares of Walgreens Boots Alliance by 5.8% in the fourth quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator's stock valued at $120,000 after buying an additional 975 shares during the period. Nwam LLC increased its position in Walgreens Boots Alliance by 8.5% in the first quarter.
01/31/2017 - Walgreens Boots Alliance, Inc. had its "buy" rating reiterated by analysts at Evercore ISI. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator's stock worth $113,000 after buying an additional 1,006 shares during the period. Corporate insiders own 13.50% of the company's stock.
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and global copyright and trademark laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/08/goelzer-investment-management-inc-decreases-stake-in-walgreens-boots-alliance-inc-nasdaqwba.html. Bank of New York Mellon Corp owned about 1.33% of Walgreens Boots Alliance worth $1,196,334,000 as of its most recent SEC filing. The Company is a pharmacy-led health and wellbeing company.
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