Perrigo Company plc Ordinary Shares (PRGO) Releases Earnings Results, Beats Expectations By $0.02 EPS

Perrigo Company plc Ordinary Shares (PRGO) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $1.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.73. The company posted revenue of $1383.00 million in the period, compared to analysts expectations of $1345.10 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS.

Many Wall Street Analysts have commented on Perrigo Company plc Ordinary Shares. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 109 from a previous price target of $140 .Shares were Reiterated by Barclays on Apr 26, 2016 to “Overweight” and Lowered the Price Target to $ 120 from a previous price target of $180 .Perrigo Company plc Ordinary Shares was Downgraded by BofA/Merrill to ” Underperform” on Apr 25, 2016.

Perrigo Company plc Ordinary Shares closed down -0.71 points or -0.76% at $93.07 with 13,39,705 shares getting traded on Tuesday. Post opening the session at $94.22, the shares hit an intraday low of $92.95 and an intraday high of $94.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 14, 2016, Judy L Brown (Executive VP & CFO) sold 2,776 shares at $126.22 per share price. According to the SEC, on Mar 22, 2016, Michael J Jandernoa (director) sold 761 shares at $128.29 per share price. On Mar 4, 2016, Sharon Kochan (EVP, GM International) sold 1,490 shares at $125.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Perrigo Company plc Ordinary Shares

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