Company Update: McKesson Corporation (NYSE:MCK) – McKesson Corporation Fiscal 2016 Third Quarter Conference Call Scheduled for January 27, 2016

[Business Wire] – McKesson Corporation will release financial results for its third fiscal quarter ended December 31, 2015 on Wednesday, January 27, 2016, following the market close at approximately 4:00 PM Eastern Time . Read more on this. McKesson Corporation (MCK) , valued at $44.99B, started trading this morning at $195.17. Looking at the equity, the company’s one day range is $194.60 to $196.84 with its 52-week range being $160.10 to $243.61. MCK shares are currently priced at 15.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.03x earnings multiple. The company pays shareholders $1.12 per share annually in dividends, yielding 0.57%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $3.17 per share, which would be $0.28 better than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $12.83, which would be a $1.72 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $48.97 Billion. If realized, that would be a 4.19% increase over the year-ago quarter. In terms of ratings, RBC Capital Mkts Initiated MCK at Outperform (Oct 17, 2014). Previously, Deutsche Bank Initiated MCK at to Buy. Given all the information above, we should disclose to readers that the average price target is $230.56, which is 18.13% above than it opened this morning. See more in (NYSE:MCK) Similar Articles: Company Update (NYSE:MCK): McKesson Reports Fiscal 2016 Second-Quarter Results Company Update: McKesson Corporation (NYSE:MCK) – McKesson Corporation to Present at the 24th Annual Credit Suisse Healthcare Conference Stock Update: McKesson Corporation (NYSE:MCK) – McKesson Corporation Fiscal 2016 Second Quarter Conference Call Scheduled for October 29, 2015