Perrigo Co PLC
PRGO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ?>$ | LOCK|<g | LOCK|NVglPS |
Perrigo Earnings: Soft Finish to 2024, but Path to Continued Recovery Remains Intact
No-moat Perrigo reported soft fourth-quarter results that were largely in line with our expectations. Net sales of $1.14 billion declined 1.6% on a reported basis but were up 0.7% organically, while adjusted earnings per share of $0.96 grew 8.1%. We maintain our fair value estimate of $35 per share.
