Report
Michael Waterhouse
EUR 101.80 For Business Accounts Only

Perrigo's executive turnover, Omega integration issues, and generic competition create challenges.

There’s not much positive news in Perrigo’s fourth-quarter results. Besides being unable to post actual results as it reviews some accounting policies, management announced the departure of CFO Judy Brown and over $3.1 billion in asset impairment charges for the quarter, and offered a weak outlook for 2017. Based on our initial estimates, we’ll likely lower our $100 fair value estimate by approximately 15% as we cut our revenue growth and margin forecasts. Despite a $130 million cost-savings pla...
Underlying
Perrigo Co. Plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Waterhouse

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