Stock Update (NYSE:MCK): McKesson Reports Fiscal 2016 Fourth-Quarter and Full-Year Results

[Business Wire] – McKesson Corporation today reported that revenues for the fourth quarter ended March 31, 2016 were $46.7 billion, up 4% compared to $44.9 billion a year ago. On a constant currency basis, revenues increased 5% over the prior year. Read more on this. McKesson Corporation (MCK) , valued at $37.72B, started the session at $167.59. Shares have traded today between $164.39 and $168.10 per share with a one year range of $148.29 to $243.61. McKesson (MCK) shares are currently priced at 13.28x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.47x earnings multiple for the same period. The company pays shareholders $1.12 per share annually in dividends, yielding 0.67%. According to a consensus of 11 analysts, the earnings estimate of $3.14 per share would be $0.20 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $12.75, which would be a $1.64 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $46.85 Billion. If reported, that would be a 4.30% increase over the year-ago quarter. Recently, Standpoint Research downgraded MCK from Buy to Hold (Apr 26, 2016). Previously, Avondale Initiated MCK at to Mkt Outperform. Investors should keep in mind is that the average price target is $194.67, which is 16.16% above where the stock opened this morning. See more in (NYSE:MCK) Similar Articles: Stock Update: McKesson Corporation (NYSE:MCK) – McKesson to Acquire Rexall Health from Katz Group, Strengthening its Position in Canada’s Pharmaceutical Supply Chain Market Update: McKesson Corporation (NYSE:MCK) – McKesson Announces Fiscal 2016 Earnings Update and Preliminary Fiscal 2017 Outlook Company Update: McKesson Corporation (NYSE:MCK) – McKesson Corporation Fiscal 2016 Third Quarter Conference Call Scheduled for January 27, 2016