Walgreens Boots Alliance (WBA -5.12%) got the bad news out early in 2024. The pharmacy company is cutting its dividend by nearly 50%. That ended a streak of 47 years of dividend growth. That reduction will enable Walgreens to retain more cash to fund its growth and strengthen its balance sheet. Here's a look at whether now's the time to buy the beaten-down member of the Dow Jones Industrial Average, which lost 30% of its value last year compared to the iconic index's nearly 14% rise. The end of an eraWalgre ...

Walgreens Boots Alliance (WBA) reported $36.71 billion in revenue for the quarter ended November 2023, representing a year-over-year increase of 10%. EPS of $0.66 for the same period compares to $1.16 a year ago.The reported revenue represents a surprise of +5.10% over the Zacks Consensus Estimate of $34.92 billion. With the consensus EPS estimate being $0.63, the EPS surprise was +4.76%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Walgreens May Have Sped Its Exit From Dow Industrials With Dividend Cut ...

Walgreens Boots Alliance, Inc. (WBA) delivered adjusted earnings per share (EPS) of 66 cents in first-quarter fiscal 2024, plunging 43.1% from the year-ago quarter’s figure (down 43.7% at constant exchange rate or CER). The figure topped the Zacks Consensus Estimate by 4.8%.GAAP loss per share for first-quarter fiscal 2024 was 8 cents compared with the year-ago quarter’s loss of $4.31.Total SalesWalgreens Boots recorded total sales of $36.71 billion in the fiscal first quarter, up 9.9% year over year and 8. ...

Walgreens Boots Alliance (WBA) stock tumbled Thursday after the pharmacy chain slashed its dividend by almost half. The move puts the company at risk of being removed from the S&P 500 Dividend Aristocrats, an index of S&P 500 companies that have raised their dividends for at least 25 consecutive years. At its old dividend level, Walgreens was one of the stocks with the highest dividend yields in the S&P 500. But that's about to change.The company announced a quarterly dividend of 25 cents a share on Thursda ...

Shares of Walgreens Boots Alliance (WBA -7.04%) were sinking 6.5% lower at 11:10 a.m. ET on Thursday and had been down as much as 11.7% earlier in the morning. The decline came after the pharmacy retailer and wholesaler announced its fiscal 2024 first-quarter results and reduced its dividend payout by 48%.Walgreens' fiscal Q1 revenue of $36.7 billion was better than the consensus Wall Street estimate of nearly $34.9 billion. Its adjusted earnings per share of $0.66 also topped the average analysts' estimate ...

Key TakeawaysWalgreens shares sank as the U.S. pharmacy chain cuts its dividend nearly in half.CEO Tim Wentworth said reducing the dividend will help boost cash flow and free up funds for strategic investments.First quarter earnings and revenue exceeded estimates, although retail sales declined.Walgreens Boots Alliance (WBA) shares tumbled over 6% in early trading Thursday as the biggest U.S. pharmacy chain slashed its dividend nearly in half, and said it would use the money for other purposes as it faced a ...

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Q1 2024 Earnings Conference Call January 4, 2024 8:30 AM ET Company Participants Tiffany Kanaga - Vice President, Global Investor Relations Tim Wentworth - Chief Executive Officer Manmohan Mahajan - Interim Global Chief Financial Officer John Driscoll - President of US Healthcare Rick Gates - Senior Vice President and Chief Pharmacy Officer Conference Call Participants Lisa Gill - JPMorgan George Hill - Deutsche Bank Charles Rhyee - TD Cowen Eric Percher - Nephron ...

Key PointsWalgreens Boots Alliance had a solid quarter, but trading is mixed following the report.A dividend cut intended to shore up cash flow and balance sheet shook the market. Analysts are Holding but may tip the scales now that guidance is in; Walgreens reiterated above consensus. 5 stocks we like better than Walgreens Boots AllianceWalgreens Boots Alliance NYSE: WBA is the ugliest dog of them all. This Dow stock fell 31% for the year, making it the worst-performing member of the index. The move put th ...

Walgreens Boots Alliance (WBA) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this largest U.S. drugstore chain would post earnings of $0.68 per share when it actually produced earnings of $0.67, delivering a surprise of -1.47%.Over the last ...