Wall Street Optimistic on Walgreens ahead of Fiscal 2Q17 Results
Walgreens Boots Alliance (WBA) is currently trading at $83.56 as of March 27, 2017, which is ~5.3% below its 52-week high.
Earnings growth was mainly driven by WBA’s partnerships with pharmacy benefit managers and insurance companies and from cost control initiatives.
In fiscal 1Q17, WBA’s total sales fell 1.8% YoY to $28.5 billion, missing the consensus for the fifth consecutive quarter.
Walgreens Boots Alliance (WBA) is slated to release its fiscal 2Q17 results on Wednesday, April 5, 2017. Its EPS is projected to rise 3.8% YoY.
RBC Capital upgraded SuperValu (SVU) from a “sector perform” to an “outperform” rating on March 23, 2017. It set a price target of $6.00 on the stock.
Dollar General’s (DG) EPS rose 12% year-over-year to $4.43 for fiscal 2016.
Dollar General (DG) stock is down 1.7% year-to-date and is currently trading at $72.81, which is ~33% below its 52-week high price.
In fiscal 4Q16, Dollar General’s (DG) top line increased 13.7% year-over-year to $6 billion.
Dollar General (DG) released its fiscal 4Q16 and fiscal 2016 results on March 16, 2017. Dollar General’s adjusted earnings per share rose 14.6% to $1.49, beating the consensus by $0.08.
Nike’s top-line growth in 1H17 was fueled by strong performances in its international markets.
Kroger announced a dividend of $0.12 per share on March 9—in-line with the previous quarter. It also announced a new $500 million buyback program.
Casey’s General Stores (CASY) is currently trading at $108.02, which is 26% below its 52-week high price.
Northcoast Research downgraded Casey’s General Stores (CASY) from a “buy” to a “neutral” rating on Thursday, March 9.
Of the 13 analysts following Altria, 41.7% have given the company a “buy” recommendation, and 58.3% have given it a “hold.”
Dollar General (DG) is currently trading at a one-year forward price-to-earnings ratio of 16x, operating close to the lower end of its 52-week PE range of 14.3x to 20.3x.
Dollar General’s (DG) stock is down marginally and has lost 0.6% of its value year-to-date.
30 Wall Street analysts cover Dollar General (DG). On average, they rate the company a 2.4 on a scale of one (strong buy) to five (strong sell).
Dollar General’s total sales rose around 6% YoY (year-over-year) to $16 billion in the first nine months of 2016.
Dollar General (DG) is set to report its fourth quarter results on March 16.
Wall Street has predicted that Dollar General’s EPS will rise 8.7% YoY (year-over-year) to $1.41 on sales growth of 12.9% in the fourth quarter.