Walgreens Boots Alliance (WBA) Tops Q3 EPS by 5c, Updates FY Guidance; Raises Buyback and Dividend
Walgreens Boots Alliance (NASDAQ: WBA) reported Q3 EPS of $1.53, $0.05 better than the analyst estimate of $1.48. Revenue for the quarter came in at $34.3 billion versus the consensus estimate of $34.05 billion.
GUIDANCE:
Walgreens Boots Alliance sees FY2018 EPS of $5.90-$6.05, versus the consensus of $5.95.
The company also announced that its board of directors has authorized a share repurchase program for up to $10 billion of the company’s shares. The program has no specified expiration date.
In addition, the company announced that its board of directors declared a quarterly dividend of 44 cents per share, an increase of 10 percent. The increased dividend is payable 12 September 2018 to stockholders of record as of 20 August 2018, and raises the annual rate from $1.60 per share to $1.76 per share. This marks the 43rd consecutive year that Walgreens Boots Alliance and its predecessor company, Walgreen Co., have raised the dividend.
For earnings history and earnings-related data on Walgreens Boots Alliance (WBA) click here.