Express Scripts Holding Company (ESRX) Forecasted to Earn Q1 2018 Earnings of $1.46 Per Share

Express Scripts Holding Company (NASDAQ:ESRX) – SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for Express Scripts Holding Company in a research note issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst D. Macdonald anticipates that the company will earn $1.46 per share for the quarter. SunTrust Banks also issued estimates for Express Scripts Holding Company’s Q2 2018 earnings at $1.85 EPS, Q3 2018 earnings at $2.04 EPS, Q4 2018 earnings at $2.20 EPS and FY2019 earnings at $8.20 EPS.

Express Scripts Holding Company (NASDAQ:ESRX) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. Express Scripts Holding Company had a return on equity of 24.99% and a net margin of 2.70%. The company earned $24.90 billion during the quarter, compared to analyst estimates of $26.31 billion. During the same period in the prior year, the company earned $1.56 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis.

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Earnings History and Estimates for Express Scripts Holding Company (NASDAQ:ESRX)

A number of other research firms have also recently commented on ESRX. Credit Suisse Group AG restated a “buy” rating and set a $85.00 price target on shares of Express Scripts Holding Company in a research note on Thursday, February 16th. Wells Fargo & Co cut Express Scripts Holding Company from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 15th. Cowen and Company restated an “outperform” rating and set a $90.00 price target on shares of Express Scripts Holding Company in a research note on Tuesday, April 4th. Jefferies Group LLC set a $88.00 price target on Express Scripts Holding Company and gave the stock a “buy” rating in a research note on Saturday, March 18th. Finally, TheStreet cut Express Scripts Holding Company from a “b-” rating to a “c+” rating in a research note on Monday, February 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.10.

Shares of Express Scripts Holding Company (NASDAQ:ESRX) traded down 0.89% during trading on Thursday, reaching $66.45. The company had a trading volume of 1,021,769 shares. The stock’s 50-day moving average price is $66.39 and its 200-day moving average price is $69.88. The company has a market capitalization of $40.25 billion, a PE ratio of 12.33 and a beta of 0.92. Express Scripts Holding Company has a 52 week low of $63.22 and a 52 week high of $80.02.

Large investors have recently made changes to their positions in the company. Capital Investment Advisors LLC purchased a new stake in shares of Express Scripts Holding Company during the third quarter worth approximately $319,000. Bank of Montreal Can increased its stake in shares of Express Scripts Holding Company by 3.5% in the third quarter. Bank of Montreal Can now owns 589,039 shares of the company’s stock worth $41,545,000 after buying an additional 19,826 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Express Scripts Holding Company by 7.9% in the third quarter. Alpha Windward LLC now owns 2,146 shares of the company’s stock worth $151,000 after buying an additional 158 shares during the last quarter. 1st Global Advisors Inc. increased its stake in shares of Express Scripts Holding Company by 19.2% in the third quarter. 1st Global Advisors Inc. now owns 9,195 shares of the company’s stock worth $649,000 after buying an additional 1,484 shares during the last quarter. Finally, Buckingham Asset Management LLC increased its stake in shares of Express Scripts Holding Company by 42.2% in the third quarter. Buckingham Asset Management LLC now owns 11,653 shares of the company’s stock worth $822,000 after buying an additional 3,457 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

In other news, SVP Everett Neville sold 2,352 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $70.16, for a total transaction of $165,016.32. Following the completion of the sale, the senior vice president now owns 11,287 shares in the company, valued at $791,895.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Express Scripts Holding Company Company Profile

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

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