Allergan PLC. (AGN) Issues Quarterly Earnings Results

Allergan PLC. (NYSE:AGN) announced its quarterly earnings results on Wednesday. The company reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.06 by $0.09, Bloomberg Earnings reports. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $3.32 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Allergan PLC. updated its FY17 guidance to $16.15-16.45 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, November 16th. Allergan PLC.’s dividend payout ratio is presently 9.95%.

COPYRIGHT VIOLATION NOTICE: “Allergan PLC. (AGN) Issues Quarterly Earnings Results” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.com-unik.info/2017/11/02/allergan-plc-agn-issues-quarterly-earnings-results.html.

AGN has been the subject of a number of research reports. Citigroup Inc. reissued a “buy” rating and set a $280.00 target price on shares of Allergan PLC. in a report on Wednesday, September 20th. Piper Jaffray Companies set a $227.00 target price on Allergan PLC. and gave the stock a “hold” rating in a report on Friday, October 6th. Deutsche Bank AG set a $251.00 target price on Allergan PLC. and gave the stock a “buy” rating in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating and set a $285.00 target price on shares of Allergan PLC. in a report on Wednesday, September 6th. Finally, Wells Fargo & Company set a $276.00 target price on Allergan PLC. and gave the stock a “buy” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $250.99.

Allergan PLC. declared that its board has initiated a share buyback plan on Monday, September 25th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Allergan PLC.

Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.

Earnings History for Allergan PLC. (NYSE:AGN)

What are top analysts saying about Allergan PLC.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Allergan PLC. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit