$2.78 EPS Expected for McKesson Corporation (MCK)

October 12, 2017 - By Louis Casey

 $2.78 EPS Expected for McKesson Corporation (MCK)
Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.02, from 0.97 in 2017Q1. It worsened, as 66 investors sold McKesson Corporation shares while 305 reduced holdings. 100 funds opened positions while 253 raised stakes. 176.11 million shares or 4.62% less from 184.63 million shares in 2017Q1 were reported.
Moreover, Central Bancorp Tru has 0.03% invested in McKesson Corporation (NYSE:MCK). Jefferies Grp Limited Liability Corp holds 19,931 shares or 0.02% of its portfolio. Colony Grp Inc Ltd Liability reported 15,812 shares stake. Next holds 3,875 shares or 0% of its portfolio. Carroll Assocs invested in 774 shares. Axon L P stated it has 13.63% of its portfolio in McKesson Corporation (NYSE:MCK). Jones Fincl Lllp owns 2,038 shares for 0% of their portfolio. Weatherly Asset Management Ltd Partnership invested in 0.51% or 10,993 shares. Family Firm holds 0.14% or 1,922 shares in its portfolio. State Bank Hapoalim Bm holds 7,065 shares or 0.28% of its portfolio. Canada Pension Plan Invest Board holds 681,770 shares. 230 were reported by Mu Investments. Eaton Vance Mngmt owns 121,759 shares or 0.05% of their US portfolio. Stifel Fincl accumulated 0.01% or 16,463 shares. British Columbia Inv Mgmt Corporation reported 83,645 shares stake.

Since May 27, 2017, it had 0 buys, and 4 insider sales for $9.65 million activity. 38,619 McKesson Corporation (NYSE:MCK) shares with value of $6.32M were sold by HAMMERGREN JOHN H.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on October, 26. They expect $2.78 earnings per share, down 5.44 % or $0.16 from last year’s $2.94 per share. MCK’s profit will be $589.97M for 13.48 P/E if the $2.78 EPS becomes a reality. After $2.46 actual earnings per share reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 13.01 % EPS growth. About 1.03M shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since October 13, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.

McKesson Corporation (NYSE:MCK) Ratings Coverage

Among 21 analysts covering McKesson Corporation (NYSE:MCK), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. McKesson Corporation had 62 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of McKesson Corporation (NYSE:MCK) earned “Buy” rating by Needham on Friday, September 8. The firm has “Buy” rating given on Friday, January 15 by Mizuho. The rating was downgraded by Standpoint Research on Tuesday, April 26 to “Hold”. The company was maintained on Tuesday, January 12 by RBC Capital Markets. The firm has “Neutral” rating by JP Morgan given on Thursday, January 5. The stock has “Neutral” rating by Bank of America on Tuesday, June 7. On Friday, October 28 the stock rating was downgraded by Robert W. Baird to “Neutral”. Mizuho maintained McKesson Corporation (NYSE:MCK) on Thursday, August 11 with “Neutral” rating. The stock of McKesson Corporation (NYSE:MCK) has “Buy” rating given on Wednesday, November 4 by Goldman Sachs. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, September 16.

McKesson Corporation is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The company has market cap of $31.82 billion. The Firm operates through two divisions: McKesson Distribution Solutions and Technology Solutions. It has a 6.71 P/E ratio. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.

More important recent McKesson Corporation (NYSE:MCK) news were published by: Twst.com which released: “McKesson Corporation: Community Oncology Practices as Clinical Trial Partners” on October 09, 2017, also News.Sys-Con.com published article titled: “McKesson Corporation Fiscal 2018 Second Quarter Conference Call Scheduled for …”, Seekingalpha.com published: “High-Conviction Buybacks: McKesson” on September 20, 2017. More interesting news about McKesson Corporation (NYSE:MCK) was released by: Seekingalpha.com and their article: “Long Term Still Bullish On McKesson” with publication date: September 13, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: