Perrigo Co Plc (NYSE: PRGO) has reported earnings for its first fiscal quarter (ending March 31) of $0.03 versus a loss $-0.01 for the same period a year ago. This result fell short of the consensus estimate of $0.76 by $-0.73. For the latest four quarters through March 31, E.P.S. were $0.01 compared to $-0.97 a year ago.
Recent Price Action
Perrigo Co Plc (NYSE: PRGO) stock suffered a large decline of -9.8% on 5/7/24. The stock closed at $30.15. Moreover, unusually high trading volume at 195% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -8.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PRGO is expected to continue to be a Value Builder.
Perrigo has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Perrigo has a slightly positive Appreciation Score of 68 but a poor Power Rating of 26, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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