Walgreen Company Stock Buy Recommendation Reiterated (WAG)
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- WAG's debt-to-equity ratio is very low at 0.17 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Despite the fact that WAG's debt-to-equity ratio is low, the quick ratio, which is currently 0.57, displays a potential problem in covering short-term cash needs.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Food & Staples Retailing industry and the overall market on the basis of return on equity, WALGREEN CO has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
- Net operating cash flow has significantly increased by 50.16% to $1,847.00 million when compared to the same quarter last year. Despite an increase in cash flow of 50.16%, WALGREEN CO is still growing at a significantly lower rate than the industry average of 139.39%.
- WALGREEN CO' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, WALGREEN CO increased its bottom line by earning $2.94 versus $2.13 in the prior year. For the next year, the market is expecting a contraction of 11.5% in earnings ($2.60 versus $2.94).
--Written by a member of TheStreet Ratings Staff.
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