Perrigo Co
PRGO:NASDAQ
| Last | Change / % Change | Dividend Yield | Volume |
| 67.06 | 0.9000 1.36% | 0.42% | 625,366 |
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Latest News Headlines for Perrigo Co
Perrigo Company Will Release Second Quarter Fiscal 2011 Results on February 1, 2011
Perrigo Company (Nasdaq: PRGO;TASE) today announced that it will release financial results for its second quarter fiscal 2011 on Tuesday, February 1, 2011 at approximately 8:00 a.m. (ET). The Company will conduct a conference call at 10:00 a.m. (ET) hosted by Joseph C. Papa, Perrigo's Chairman and Chief Executive Officer.
Watch for Perrigo to Potentially Pullback after Gaining 1.36% Yesterday (PRGO)
Perrigo (NASDAQ:PRGO) traded in a range yesterday that spanned from a low of $65.59 to a high of $67.47. Yesterday, the shares gained 1.36%, which took the trading range above the 3-day high of $67.46 on volume of 616,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Potential Perrigo (PRGO) Trade Has $60.65 Breakeven
View more recent headlinesPerrigo (NASDAQ: PRGO) closed Wednesday's trading session at $66.15. In the past year, the stock has hit a 52-week low of $41.22 and 52-week high of $68.38. Perrigo stock has been showing support around $65.28 and resistance in the $67.90 range. Technical indicators for the stock are Bullish. For a hedged play on this stock, look at the May '11 $65.00 covered call for a net debit in the $60.65 area. That is also the break-even stock price for this trade. This covered call has a duration of 128 days, provides 8.31% downside protection and an assigned return rate of 7.17% for an annualized return rate of 20.45% (for comparison purposes only). Perrigo has a current annual dividend yield of 0.42%.
Company Background
Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products, infant formulas, active pharmaceutical ingredients (API) and pharmaceutical and medical diagnostic products. The Company is a store brand manufacturer of OTC pharmaceutical products and infant formulas. The Company's primary markets and locations of manufacturing and logistics operations are the United States, Israel, Mexico, the United Kingdom and Australia. Perrigo Company operates through several wholly owned subsidiaries. On February 26, 2010, the Company completed the sale of its Israel Consumer Products business to Emilia Group, a subsidiary of O. Feller Holdings Ltd. On April 30, 2010, the Company acquired 100% of the shares of PBM Holdings, Inc.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 66.07 | Previous Close 66.16 |
Day High 67.47 | Day Low 65.59 |
52wk High/Date 68.38 / 11/2/2010 | 52wk Low/Date 41.25 / 1/26/2010 |
Beta 0.80 | Market Capitalization 6.19B |
Shares Outstanding 92.23M | Volatility Avg 32.12 |
Avg Vol(10 day) 656.66K | P/E Ratio 26.3x |
EPS (TTM) 2.55 | Annualized Rate -- / -- |
Yield 0.42% | Dividend Announcement 10/27/2010 |
Ex-Date 11/23/2010 | Date of Record 11/26/2010 |
Payable 0.07 - QRTR | Payable Date 12/14/2010 |
Last Trade as of 1/14/2011 4:00 PM ET | |
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PRGO Perrigo Co vs. Peers
| Peers | |
PRGO Perrigo Co | 5.89% |
| TAROF Taro Pharmaceutical Industries Ltd. | 1.79% |
PRGO Perrigo Co | 0.42% |
| TAROF Taro Pharmaceutical Industries Ltd. | -- |
PRGO Perrigo Co | 1.36% |
| TAROF Taro Pharmaceutical Industries Ltd. | -0.20% |