Zacks: Brokerages Anticipate Allergan PLC. (AGN) to Announce $4.75 Earnings Per Share

Equities research analysts expect that Allergan PLC. (NYSE:AGN) will announce earnings of $4.75 per share for the current fiscal quarter, Zacks reports. Nineteen analysts have provided estimates for Allergan PLC.’s earnings, with estimates ranging from $4.51 to $4.94. Allergan PLC. posted earnings of $3.90 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.8%. The firm is scheduled to report its next earnings report on Wednesday, February 14th.

On average, analysts expect that Allergan PLC. will report full-year earnings of $16.23 per share for the current year, with EPS estimates ranging from $15.97 to $16.39. For the next year, analysts anticipate that the firm will post earnings of $16.84 per share, with EPS estimates ranging from $15.00 to $18.38. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Allergan PLC..

Allergan PLC. (NYSE:AGN) last released its quarterly earnings data on Wednesday, November 1st. The company reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.06 by $0.09. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.04 billion. Allergan PLC. had a negative net margin of 47.27% and a positive return on equity of 8.00%. Allergan PLC.’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $3.32 EPS.

A number of brokerages have recently issued reports on AGN. Morgan Stanley dropped their price target on shares of Allergan PLC. from $228.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday. Cantor Fitzgerald dropped their price target on shares of Allergan PLC. to $191.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company reaffirmed an “outperform” rating and set a $245.00 price target (down previously from $258.00) on shares of Allergan PLC. in a report on Thursday. Royal Bank Of Canada dropped their price target on shares of Allergan PLC. from $250.00 to $221.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Zacks Investment Research raised shares of Allergan PLC. from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $246.73.

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A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Allergan PLC. by 2.2% during the second quarter. Vanguard Group Inc. now owns 22,835,689 shares of the company’s stock valued at $5,551,128,000 after purchasing an additional 482,220 shares in the last quarter. Northern Trust Corp raised its position in shares of Allergan PLC. by 8.8% during the second quarter. Northern Trust Corp now owns 4,492,944 shares of the company’s stock valued at $1,092,189,000 after buying an additional 364,722 shares during the last quarter. Veritas Asset Management LLP bought a new stake in shares of Allergan PLC. during the first quarter valued at approximately $761,339,000. Edgewood Management LLC raised its position in shares of Allergan PLC. by 7.0% during the first quarter. Edgewood Management LLC now owns 2,704,211 shares of the company’s stock valued at $646,090,000 after buying an additional 178,055 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Allergan PLC. by 3.8% during the first quarter. Epoch Investment Partners Inc. now owns 2,013,415 shares of the company’s stock valued at $481,045,000 after buying an additional 73,081 shares during the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Allergan PLC. (NYSE AGN) opened at $174.92 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.18. The firm has a market cap of $58,175.43, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.13. Allergan PLC. has a 12 month low of $169.64 and a 12 month high of $256.80.

Allergan PLC. declared that its Board of Directors has authorized a stock repurchase plan on Monday, September 25th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 16th. Allergan PLC.’s dividend payout ratio is currently -12.44%.

Allergan PLC. Company Profile

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.

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Earnings History and Estimates for Allergan PLC. (NYSE:AGN)

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