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4-Traders Homepage  >  Equities  >  Nyse  >  McKesson Corporation    MCK

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McKesson Corporation : McKesson wins new two-year Veterans Affairs contract

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04/11/2012 | 07:02pm EDT

Pharmaceutical wholesaler McKesson Corp on Wednesday said it was selected by the U.S. Department of Veterans Affairs to continue as the VA's prime pharmaceutical supplier for at least two more years.

News of the contract, which includes options for up to three two-year extensions, sent shares of McKesson up more than 4 percent in after hours trading.

The new agreement, valued by the VA at over $31.6 billion, calls for McKesson to supply all of the VA's more than 700 medical centers and outpatient clinics, as well as its seven consolidated mail outpatient pharmacies.

"Over the past eight years, McKesson has partnered with the VA to serve the healthcare needs of America's veterans," Paul Julian, the company's executive vice president and group president, said in a statement.

The VA, which estimated savings of about $3.26 billion through the life of the contract, said the new agreement goes into effect on May 10.

Shares of McKesson, which closed at $87.90 on the New York Stock Exchange, were trading at $91.89 after hours.

(Reporting By Deena Beasley, editing by M.D. Golan)

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Financials ($)
Sales 2018 205 494 M
EBIT 2018 3 737 M
Net income 2018 1 899 M
Debt 2018 3 434 M
Yield 2018 0,85%
P/E ratio 2018 16,23
P/E ratio 2019 14,63
EV / Sales 2018 0,17x
EV / Sales 2019 0,16x
Capitalization 30 698 M
Chart MCKESSON CORPORATION
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McKesson Corporation Technical Analysis Chart | MCK | US58155Q1031 | 4-Traders
Technical analysis trends MCKESSON CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 16
Average target price 173 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
John H. Hammergren Chairman, President & Chief Executive Officer
James A. Beer Chief Financial Officer & Executive Vice President
Kathleen D. McElligott Chief Technology & Information Officer, EVP
M. Christine Jacobs Independent Director
Marie L. Knowles Independent Director
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