Allergan (NYSE:AGN) Releases Quarterly Earnings Results

Allergan (NYSE:AGN) issued its earnings results on Tuesday, February 6th. The company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.12, Bloomberg Earnings reports. Allergan had a positive return on equity of 8.28% and a negative net margin of 26.32%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company posted $3.90 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Allergan updated its Q1 guidance to $3.20-3.40 EPS and its FY18 guidance to $15.25-16.00 EPS.

Allergan (NYSE AGN) traded down $2.31 on Tuesday, hitting $160.15. The stock had a trading volume of 1,015,850 shares, compared to its average volume of 3,032,534. The company has a market capitalization of $54,030.00, a PE ratio of -13.36, a PEG ratio of 1.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.88 and a current ratio of 2.04. Allergan has a 52 week low of $156.11 and a 52 week high of $256.80.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, February 27th. This is a boost from Allergan’s previous quarterly dividend of $0.70. Allergan’s payout ratio is -23.35%.

Several research firms have commented on AGN. JPMorgan Chase & Co. reissued a “buy” rating and issued a $275.00 price objective on shares of Allergan in a research report on Monday, October 16th. Zacks Investment Research lowered Allergan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Deutsche Bank set a $251.00 target price on Allergan and gave the stock a “buy” rating in a research report on Tuesday, October 17th. UBS Group set a $255.00 target price on Allergan and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Credit Suisse Group set a $243.00 target price on Allergan and gave the stock an “outperform” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $227.23.

In other news, insider William Meury sold 11,807 shares of Allergan stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $173.89, for a total transaction of $2,053,119.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher J. Coughlin purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average cost of $163.30 per share, for a total transaction of $1,633,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,630 shares of company stock worth $2,890,057. Corporate insiders own 0.36% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Cable Hill Partners LLC raised its holdings in Allergan by 255.2% during the third quarter. Cable Hill Partners LLC now owns 515 shares of the company’s stock worth $106,000 after purchasing an additional 370 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in Allergan by 283.7% during the third quarter. Rockefeller Financial Services Inc. now owns 541 shares of the company’s stock worth $111,000 after purchasing an additional 400 shares in the last quarter. Phocas Financial Corp. bought a new stake in Allergan during the second quarter worth approximately $150,000. BB&T Investment Services Inc. raised its holdings in Allergan by 1,308.2% during the third quarter. BB&T Investment Services Inc. now owns 690 shares of the company’s stock worth $139,000 after purchasing an additional 641 shares in the last quarter. Finally, WFG Advisors LP raised its holdings in Allergan by 20.9% during the second quarter. WFG Advisors LP now owns 793 shares of the company’s stock worth $193,000 after purchasing an additional 137 shares in the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.

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Allergan 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.

Earnings History for Allergan (NYSE:AGN)

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