UDG Healthcare Public Limited Company (UDG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

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817.00p
   
  • Change Today:
      21.50p
  • 52 Week High: 817.50
  • 52 Week Low: 551.00
  • Currency: UK Pounds
  • Shares Issued: 249.23m
  • Volume: 335,883
  • Market Cap: £2,036.20m
  • RiskGrade: 125

UDG Healthcare interim profits edge up; two acquisitions announced

By Iain Gilbert

Date: Tuesday 21 May 2019

LONDON (ShareCast) - (Sharecast News) - Healthcare services provider UDG Healthcare upped its full-year earnings per share guidance on Tuesday after making two new acquisitions and seeing operating profits edge up in the first half.
Despite reporting a 4% dip in total revenues to $548.3m, UDG managed to eke out a 1% improvement to its total adjusted operating profits to $47.4m.

UDG also saw its adjusted net operating margin increase from 11.8% to 12.5% during the half but its overall performance was hit by an exceptional charge of $15.2m related to two legal matters.

The company cut its net debt 6.5% year-on-year to $56.8m thanks to a strong cash flow performance and positive working capital inflow.

UDG also announced that it has "significantly strengthened" its Ashfield Communications and Advisory business with the acquisition of US-based strategic management healthcare consultancy Putnam Associates and British healthcare policy and communications consultancy Incisive Health for a combined consideration of up to $106m.

UDG, which recorded a 5% uptick in its interim EPS to 21.21p during the six months ended 31 March, upped its full-year adjusted EPS growth guidance to between 5% and 7%, in part to reflect the acquisitions.

Chief executive Brendan McAtamney said: "Both transactions are a good strategic and cultural fit, meet our target financial hurdle rates and further expand our current capabilities."

Looking forward, UDG said it expects to continue its more than 30-year history of dividend growth in 2019. It declared an interim dividend of 4.46 cents per share on Tuesday, up 5% from the previous year.

At 1050 BST, the shares were up 7.3% at 703.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

UDG Market Data

Currency UK Pounds
Share Price 817.00p
Change Today 21.50p
% Change 2.70 %
52 Week High 817.50
52 Week Low 551.00
Volume 335,883
Shares Issued 249.23m
Market Cap £2,036.20m
RiskGrade 125

UDG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.15% below the market average93.15% below the market average93.15% below the market average93.15% below the market average93.15% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Price Trend
64.08% above the market average64.08% above the market average64.08% above the market average64.08% above the market average64.08% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Income
62.8% below the market average62.8% below the market average62.8% below the market average62.8% below the market average62.8% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
40.16% below the market average40.16% below the market average40.16% below the market average40.16% below the market average40.16% below the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 12
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

UDG Dividends

  Latest Previous
  Interim Final
Ex-Div 30-May-19 10-Jan-19
Paid 26-Jun-19 04-Feb-19
Amount 4.46¢ 11.75¢

Trades for 19-Aug-2019

Time Volume / Share Price
15:30 11 @ 816.50p
15:30 2 @ 817.00p
15:29 31 @ 816.50p
15:29 50 @ 816.50p
15:29 120 @ 816.50p

UDG Key Personnel

Chair Peter Gray
CEO Brendan McAtamney

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