Profile
Sector:
HealthcareIndustry:
Medical DistributionCountry:
United StatesIPO:
10 November 1994Website:
http://www.mckesson.comNext earnings report:
07 February 2025Last dividends:
30 August 2024Next dividends:
02 December 2024Price
after hours | 10 min agoAnalysts recommendations
Institutional Ownership
MCK Latest News
MCK is still growing due to strong performance in different areas and an improved forecast for the fiscal year 2025.
McKesson's cell and gene therapies business is set to provide patients with better treatment choices for sickle cell disease (SCD) thanks to the availability of the FDA-approved drug. This development is anticipated to enhance the care options for those affected by the condition.
McKesson (MCK) has received an upgrade to a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
McKesson (MCK) has strong growth characteristics that may enable it to perform better than the market.
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I maintain a 'Strong Buy' recommendation for McKesson, supported by the growth of GLP-1 drugs and a strong oncology network, with a target price of $696 per share. The company's purchase of a 70% stake in Florida Cancer Specialists strengthens its oncology network, now reaching 3,300 providers in 31 states. Additionally, McKesson reported impressive Q2 results, showing a 21% increase in revenue and raising its EPS forecast to between $32.40 and $33.00, thanks to specialty distribution and retail national account clients.
McKesson's results for the second quarter of fiscal 2025 show an increase in the U.S. Pharmaceutical division. On the other hand, the Medical Surgical Solutions segment is facing challenges because of reduced sales related to COVID.
While the revenue and earnings per share (EPS) for McKesson (MCK) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
On Wednesday, McKesson Corp, a drug distributor, increased its yearly profit prediction due to higher sales in its U.S. pharmaceuticals division, which is benefiting from strong demand for specialty and branded medications.
MCK's financial results for the second quarter of fiscal 2025 are expected to show strong performance from the U.S. Pharmaceutical and Specialty Solutions segment, thanks to an increase in prescription volume.
What type of business is McKesson?
McKesson Corporation is a distributor of pharmaceuticals and operator of a pharmacy network. Founded in 1833, the headquarters is located in Irving, Texas. The Pharmaceutical and Specialized Solutions segment in the USA offers branded, generic, specialized, and other healthcare products. The European pharmaceutical segment offers distribution and services to wholesale, institutional, and retail customers in 13 European countries. The Medical-Surgical Solutions segment distributes medical-surgical materials and services to healthcare providers in the USA. The Other segment includes McKesson Canada - supplying essential medicines, consumables, and information technology throughout Canada; McKesson Prescription Technology Solutions providing innovative technological solutions to pharmaceutical companies, retail pharmacies, and healthcare systems; and investments in Change Healthcare.
What sector is McKesson in?
McKesson is in the Healthcare sector
What industry is McKesson in?
McKesson is in the Medical Distribution industry
What country is McKesson from?
McKesson is headquartered in United States
When did McKesson go public?
McKesson initial public offering (IPO) was on 10 November 1994
What is McKesson website?
https://www.mckesson.com
Is McKesson in the S&P 500?
Yes, McKesson is included in the S&P 500 index
Is McKesson in the NASDAQ 100?
No, McKesson is not included in the NASDAQ 100 index
Is McKesson in the Dow Jones?
No, McKesson is not included in the Dow Jones index
When was McKesson the previous earnings report?
No data
When does McKesson earnings report?
The next expected earnings date for McKesson is 07 February 2025