UDG Healthcare Public Limited Company (UDG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

801.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 832.50p
  • 52 Week Low: 551.00p
  • Currency: UK Pounds
  • Shares Issued: 250.11m
  • Volume: 59,078
  • Market Cap: £2,004.64m
  • RiskGrade: 148
  • Beta: 0.88

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 801.50p
Change Today 1.00p
% Change 0.12 %
52 Week High 832.50p
52 Week Low 551.00p
Volume 59,078
Shares Issued 250.11m
Market Cap £2,004.64m
Beta 0.88
RiskGrade 148

UDG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.13% below the market average85.13% below the market average85.13% below the market average85.13% below the market average85.13% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
51.74% above the market average51.74% above the market average51.74% above the market average51.74% above the market average51.74% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income
39.12% below the market average39.12% below the market average39.12% below the market average39.12% below the market average39.12% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
47.73% above the market average47.73% above the market average47.73% above the market average47.73% above the market average47.73% 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

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 11
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
  Final Interim
Ex-Div 09-Jan-20 30-May-19
Paid 05-Feb-20 26-Jun-19
Amount 12.34¢ 4.46¢

Trades for 06-Dec-2019

Time Volume / Share Price
11:22 164 @ 801.50p
11:21 160 @ 801.50p
11:19 162 @ 801.50p
11:16 201 @ 801.50p
11:14 18 @ 802.00p

UDG Key Personnel

Chair Peter Gray
CEO Brendan McAtamney

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