Leerink Swann Weighs in on Express Scripts Holding Company’s Q1 2018 Earnings (ESRX)

Express Scripts Holding Company (NASDAQ:ESRX) – Investment analysts at Leerink Swann issued their Q1 2018 EPS estimates for Express Scripts Holding in a research report issued on Wednesday. Leerink Swann analyst D. Larsen forecasts that the company will post earnings of $1.53 per share for the quarter. Leerink Swann also issued estimates for Express Scripts Holding’s Q2 2018 earnings at $1.90 EPS, Q3 2018 earnings at $2.03 EPS, Q4 2018 earnings at $2.19 EPS, FY2018 earnings at $7.65 EPS and FY2019 earnings at $8.45 EPS.

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

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Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Express Scripts Holding from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Monday, October 16th. ValuEngine upgraded Express Scripts Holding from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC set a $72.00 price target on Express Scripts Holding and gave the stock a “buy” rating in a report on Tuesday, August 29th. Needham & Company LLC initiated coverage on Express Scripts Holding in a report on Friday, July 21st. They set a “hold” rating for the company. Finally, Robert W. Baird reiterated a “hold” rating and set a $56.00 price target on shares of Express Scripts Holding in a report on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.56.

Shares of Express Scripts Holding (NASDAQ ESRX) traded up 5.24% during midday trading on Friday, reaching $62.02. The company’s stock had a trading volume of 7,015,323 shares. Express Scripts Holding has a one year low of $55.80 and a one year high of $77.50. The firm has a 50-day moving average of $61.18 and a 200-day moving average of $62.00. The stock has a market cap of $35.82 billion, a PE ratio of 10.76 and a beta of 0.88.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Express Scripts Holding by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 40,251,311 shares of the company’s stock valued at $2,652,964,000 after purchasing an additional 649,400 shares during the period. Dodge & Cox raised its stake in shares of Express Scripts Holding by 25.7% during the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after purchasing an additional 7,388,021 shares during the period. State Street Corp raised its stake in shares of Express Scripts Holding by 1.1% during the 1st quarter. State Street Corp now owns 27,060,709 shares of the company’s stock valued at $1,783,569,000 after purchasing an additional 298,341 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Express Scripts Holding by 4.2% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,612,834 shares of the company’s stock valued at $1,160,862,000 after purchasing an additional 704,218 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Express Scripts Holding by 8.4% during the 2nd quarter. Macquarie Group Ltd. now owns 11,880,919 shares of the company’s stock valued at $758,480,000 after purchasing an additional 922,406 shares during the period. Institutional investors own 88.67% of the company’s stock.

In other news, VP Everett Neville sold 1,163 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total transaction of $71,501.24. Following the transaction, the vice president now owns 18,232 shares of the company’s stock, valued at approximately $1,120,903.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $63.13, for a total value of $36,489.14. Following the transaction, the vice president now directly owns 10,530 shares in the company, valued at approximately $664,758.90. The disclosure for this sale can be found here. Insiders have sold a total of 5,641 shares of company stock worth $357,317 in the last ninety days. Insiders own 0.68% of the company’s stock.

About Express Scripts Holding

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 Holding (NASDAQ:ESRX)

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