McKesson Reports Fiscal 2020 Third Quarter Results

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Mizuho Securities Reiterates Neutral Rating on McKesson (MCK) Following 3Q

February 5, 2020 7:03 AM EST

Mizuho Securities analyst Ann Hynes reiterated a Neutral rating and $140.00 price target on McKesson (NYSE: MCK) following the company's 3Q earnings report. Adjusted EPS of $3.81 beat consensus of $3.50, driven by higher-than-expected operating margin and lower share count.

MCK expects some... More

McKesson (MCK) PT Raised to $174 at Cowen

February 4, 2020 3:37 PM EST

Cowen analyst Charles Rhyee raised the price target on McKesson (NYSE: MCK) to $174.00 (from $170.00) while maintaining an Outperform rating.

The analyst commented, "Given strong underlying fundamentals in U.S. Pharma & Specialty, as well as effective execution, we think there's potential for... More

McKesson (MCK) Tops Q3 EPS by 25c, Reaffirms FY EPS Guidance

February 4, 2020 7:02 AM EST

McKesson (NYSE: MCK) reported Q3 EPS of $3.81, $0.25 better than the analyst estimate of $3.56. Revenue for the quarter came in at $59.2 billion versus the consensus estimate of $59.36 billion.

GUIDANCE:

McKesson sees Q4 2020 EPS of $14.60-$14.80, versus the consensus of $14.70.

Reaffirmed fiscal 2020... More