Press coverage about McKesson Corporation (NYSE:MCK) has trended positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McKesson Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.1700274068119 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Hurricane Irma: McKesson Prepares to Support Healthcare Providers, Pharmacies and First Responders (businesswire.com)
- McKesson Ventures Leads $25 Million Financing Round For Truveris (seekingalpha.com)
- Thought Leadership Series: McKesson Better Health Tour – Demonstrating Healthcare Innovation with Action (shiftcomm.com)
- Hurricane Irma: McKesson Prepares to Support Healthcare Providers, Pharmacies, First Responders (4-traders.com)
- McKesson Corporation (MCK) Expected to Post Quarterly Sales of $51.60 Billion (americanbankingnews.com)
Shares of McKesson Corporation (NYSE MCK) traded up 0.71% during trading on Friday, reaching $156.94. The company had a trading volume of 1,437,073 shares. The firm has a market capitalization of $33.00 billion, a P/E ratio of 7.12 and a beta of 1.16. The company has a 50 day moving average of $153.75 and a 200-day moving average of $152.84. McKesson Corporation has a 52-week low of $114.53 and a 52-week high of $181.82.
McKesson Corporation (NYSE:MCK) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by $0.35. The company had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.50 EPS. Equities analysts expect that McKesson Corporation will post $12.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from McKesson Corporation’s previous quarterly dividend of $0.28. McKesson Corporation’s dividend payout ratio is currently 6.07%.
MCK has been the topic of a number of recent analyst reports. TheStreet upgraded shares of McKesson Corporation from a “c+” rating to a “b” rating in a research note on Thursday, May 25th. Vetr upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $174.15 price objective on the stock in a research note on Thursday, May 25th. Barclays PLC set a $187.00 price objective on shares of McKesson Corporation and gave the company a “buy” rating in a research note on Sunday, June 4th. Zacks Investment Research upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC upgraded shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $172.31.
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In related news, SVP Erin M. Lampert sold 900 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $155.65, for a total value of $140,085.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director M Christine Jacobs sold 1,083 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $145.43, for a total value of $157,500.69. The disclosure for this sale can be found here. Insiders sold 3,066 shares of company stock valued at $473,627 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.
McKesson Corporation Company Profile
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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