Jefferies Group Brokers Increase Earnings Estimates for Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (NASDAQ:ESRX) – Analysts at Jefferies Group upped their FY2017 earnings estimates for Express Scripts in a report released on Friday. Jefferies Group analyst B. Tanquilut now anticipates that the company will post earnings of $7.04 per share for the year, up from their previous forecast of $7.02. Jefferies Group currently has a “Buy” rating and a $80.00 price target on the stock. Jefferies Group also issued estimates for Express Scripts’ Q4 2017 earnings at $2.08 EPS, Q1 2018 earnings at $1.48 EPS, Q2 2018 earnings at $1.88 EPS, Q3 2018 earnings at $2.10 EPS, Q4 2018 earnings at $2.30 EPS and FY2018 earnings at $7.77 EPS.

Express Scripts (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, hitting analysts’ consensus estimates of $1.90. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The business had revenue of $24.68 billion during the quarter, compared to analysts’ expectations of $25.68 billion. During the same period last year, the company posted $1.74 EPS. The business’s revenue was down 2.9% on a year-over-year basis.

A number of other equities analysts have also recently commented on ESRX. Robert W. Baird reissued a “hold” rating and issued a $56.00 price objective on shares of Express Scripts in a research note on Friday, September 1st. ValuEngine cut shares of Express Scripts from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank of Canada initiated coverage on shares of Express Scripts in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $68.00 price objective for the company. UBS cut shares of Express Scripts from a “market perform” rating to an “underperform” rating in a research note on Monday, October 9th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Express Scripts in a research note on Monday, October 9th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Express Scripts has a consensus rating of “Hold” and an average price target of $74.40.

Express Scripts (NASDAQ:ESRX) opened at $73.66 on Monday. Express Scripts has a 52 week low of $55.80 and a 52 week high of $74.67. The company has a market cap of $41,560.45, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.08 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 0.86.

In related news, VP Phyllis S. Anderson sold 643 shares of Express Scripts stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $62.37, for a total transaction of $40,103.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christine Houston sold 10,104 shares of Express Scripts stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $70.08, for a total transaction of $708,088.32. Following the sale, the vice president now owns 87,400 shares of the company’s stock, valued at approximately $6,124,992. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Large investors have recently bought and sold shares of the company. Burt Wealth Advisors raised its holdings in shares of Express Scripts by 11.4% in the 2nd quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock valued at $108,000 after purchasing an additional 174 shares in the last quarter. CKW Financial Group raised its holdings in shares of Express Scripts by 20.0% in the 2nd quarter. CKW Financial Group now owns 1,800 shares of the company’s stock valued at $115,000 after purchasing an additional 300 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of Express Scripts during the 3rd quarter worth approximately $120,000. First Personal Financial Services raised its stake in shares of Express Scripts by 199.1% during the 2nd quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock worth $134,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Monroe Bank & Trust MI raised its stake in shares of Express Scripts by 74.8% during the 3rd quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock worth $156,000 after acquiring an additional 970 shares in the last quarter. Institutional investors and hedge funds own 88.28% of the company’s stock.

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About Express Scripts

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).

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

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