$3.54 EPS Expected for McKesson Corporation (MCK)

May 23, 2018 - By Peter Erickson

McKesson Corporation (NYSE:MCK) LogoInvestors sentiment decreased to 0.79 in Q4 2017. Its down 0.09, from 0.88 in 2017Q3. It is negative, as 73 investors sold McKesson Corporation shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported.
Girard Prtn Ltd owns 0.09% invested in McKesson Corporation (NYSE:MCK) for 2,869 shares. The New York-based Barrett Asset Llc has invested 0.01% in McKesson Corporation (NYSE:MCK). California State Teachers Retirement Sys reported 378,771 shares. Moreover, Murphy Capital Mngmt Inc has 0.16% invested in McKesson Corporation (NYSE:MCK) for 7,450 shares. Security National Bank & Trust Of Sioux City Iowa Ia owns 8,088 shares for 1.14% of their portfolio. Finance Architects Inc has invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Hikari Tsushin Incorporated reported 0.04% in McKesson Corporation (NYSE:MCK). Sterling Capital Mgmt Limited Liability reported 440,391 shares or 0.62% of all its holdings. Alpha Windward Limited Liability Corp has invested 0.05% in McKesson Corporation (NYSE:MCK). Ironwood Mngmt Ltd holds 0.69% or 6,203 shares in its portfolio. Fdx Advsr Inc holds 21,120 shares. 850 were reported by Tompkins Corporation. 14,451 were reported by Colony Limited Liability. Pictet Asset Mngmt Limited owns 112,195 shares or 0.05% of their US portfolio. Farmers Retail Bank reported 134 shares or 0.03% of all its holdings.

Since December 14, 2017, it had 0 insider purchases, and 2 sales for $10.61 million activity. HAMMERGREN JOHN H sold $10.40M worth of stock.

Analysts expect McKesson Corporation (NYSE:MCK) to report $3.54 EPS on May, 24 before the open.They anticipate $0.15 EPS change or 4.42 % from last quarter’s $3.39 EPS. MCK’s profit would be $730.43M giving it 10.34 P/E if the $3.54 EPS is correct. After having $3.41 EPS previously, McKesson Corporation’s analysts see 3.81 % EPS growth. The stock decreased 0.04% or $0.06 during the last trading session, reaching $146.44. About 2.30 million shares traded or 37.86% up from the average. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 23, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

McKesson Corporation (NYSE:MCK) Ratings Coverage

Among 11 analysts covering McKesson (NYSE:MCK), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. McKesson has $200.0 highest and $130.0 lowest target. $175.70’s average target is 19.98% above currents $146.44 stock price. McKesson had 13 analyst reports since December 4, 2017 according to SRatingsIntel. The stock of McKesson Corporation (NYSE:MCK) has “Sell” rating given on Monday, December 18 by Credit Suisse. RBC Capital Markets maintained it with “Hold” rating and $186.0 target in Thursday, February 1 report. The firm earned “Buy” rating on Wednesday, January 17 by Robert W. Baird. The firm earned “Buy” rating on Wednesday, January 24 by Jefferies. The firm earned “Buy” rating on Wednesday, April 18 by Cowen & Co. Mizuho maintained McKesson Corporation (NYSE:MCK) on Wednesday, January 24 with “Hold” rating. The stock has “Hold” rating by Mizuho on Thursday, February 1. Bank of America maintained McKesson Corporation (NYSE:MCK) rating on Wednesday, April 11. Bank of America has “Buy” rating and $172 target. The firm has “Buy” rating by Needham given on Friday, February 2.

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. The company has market cap of $30.22 billion. The firm operates in two divisions, McKesson Distribution Solutions and McKesson Technology Solutions. It has a 6.44 P/E ratio. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community oncology and other specialty practices.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “More states sue over opioid epidemic” on May 16, 2018, also Streetinsider.com with their article: “McKesson (MCK) call put ratio 1 call to 3 puts into Q2” published on May 23, 2018, Streetinsider.com published: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” on May 15, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “McKesson To Acquire MSD For Medical Supply Distribution” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80” with publication date: April 25, 2018.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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