Zacks Research Issues Negative Forecast for Perrigo Earnings

Perrigo Company plc (NYSE:PRGO) – Equities research analysts at Zacks Research cut their Q1 2025 earnings estimates for shares of Perrigo in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst S. Ganoria now anticipates that the company will post earnings per share of $0.44 for the quarter, down from their prior forecast of $0.52. The consensus estimate for Perrigo’s current full-year earnings is $2.56 per share. Zacks Research also issued estimates for Perrigo’s Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.79 EPS, FY2025 earnings at $2.93 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.83 EPS, Q4 2026 earnings at $0.99 EPS, FY2026 earnings at $3.20 EPS and FY2027 earnings at $3.51 EPS.

Perrigo (NYSE:PRGO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion.

A number of other research firms also recently issued reports on PRGO. Argus downgraded Perrigo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Piper Sandler lowered shares of Perrigo from an “overweight” rating to a “neutral” rating and cut their target price for the company from $34.00 to $27.00 in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.00.

Perrigo Trading Down 0.7 %

Shares of PRGO stock opened at $27.73 on Monday. The stock’s 50-day moving average price is $25.80 and its 200-day moving average price is $26.14. Perrigo has a 12-month low of $23.14 and a 12-month high of $33.46. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -23.70 and a beta of 0.48. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94.

Institutional Trading of Perrigo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRGO. California State Teachers Retirement System grew its stake in shares of Perrigo by 11.4% during the fourth quarter. California State Teachers Retirement System now owns 145,760 shares of the company’s stock valued at $3,747,000 after buying an additional 14,893 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Perrigo by 9.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,149 shares of the company’s stock valued at $595,000 after acquiring an additional 1,968 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Perrigo in the 4th quarter valued at $383,000. University of Texas Texas AM Investment Management Co. increased its stake in Perrigo by 12.0% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 38,424 shares of the company’s stock worth $988,000 after purchasing an additional 4,105 shares during the period. Finally, Novem Group bought a new stake in shares of Perrigo during the fourth quarter worth $2,601,000. 95.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.44, for a total transaction of $214,032.00. Following the completion of the transaction, the executive vice president now directly owns 33,666 shares of the company’s stock, valued at approximately $923,795.04. The trade was a 18.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Perrigo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be issued a $0.29 dividend. This is a boost from Perrigo’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.18%. Perrigo’s payout ratio is -92.80%.

About Perrigo

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.