$4.65 Earnings Per Share Expected for Regeneron Pharmaceuticals, Inc. (REGN) This Quarter
Wall Street brokerages predict that Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) will announce $4.65 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Regeneron Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at $3.69 and the highest estimate coming in at $5.13. Regeneron Pharmaceuticals posted earnings per share of $3.04 during the same quarter last year, which suggests a positive year-over-year growth rate of 53%. The company is scheduled to report its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Regeneron Pharmaceuticals will report full year earnings of $15.76 per share for the current financial year, with EPS estimates ranging from $13.99 to $16.63. For the next year, analysts expect that the business will report earnings of $16.77 per share, with EPS estimates ranging from $13.79 to $19.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Regeneron Pharmaceuticals.
Regeneron Pharmaceuticals (NASDAQ:REGN) last issued its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported $3.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.83 by $0.16. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Regeneron Pharmaceuticals had a return on equity of 25.73% and a net margin of 23.17%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.13 EPS.
Several research firms recently issued reports on REGN. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Regeneron Pharmaceuticals in a research note on Tuesday, October 31st. Evercore ISI reduced their price objective on shares of Regeneron Pharmaceuticals from $605.00 to $445.00 and set an “outperform” rating for the company in a research note on Thursday, November 16th. Barclays lowered shares of Regeneron Pharmaceuticals from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $450.00 to $395.00 in a research note on Friday, October 20th. Guggenheim reaffirmed a “buy” rating and issued a $540.00 price objective on shares of Regeneron Pharmaceuticals in a research note on Monday, October 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $490.00 price objective (up previously from $450.00) on shares of Regeneron Pharmaceuticals in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $465.40.
In other news, Director Michael S. Brown sold 1,500 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $475.00, for a total value of $712,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles A. Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $450.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at $4,950,000. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Dupont Capital Management Corp purchased a new position in Regeneron Pharmaceuticals in the second quarter worth about $220,000. Gamco Investors INC. ET AL acquired a new stake in shares of Regeneron Pharmaceuticals during the second quarter valued at about $242,000. Blair William & Co. IL lifted its position in shares of Regeneron Pharmaceuticals by 4.8% during the second quarter. Blair William & Co. IL now owns 1,713 shares of the biopharmaceutical company’s stock worth $841,000 after purchasing an additional 79 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Regeneron Pharmaceuticals by 11.1% during the second quarter. Victory Capital Management Inc. now owns 3,962 shares of the biopharmaceutical company’s stock worth $1,946,000 after purchasing an additional 395 shares during the last quarter. Finally, Andra AP fonden lifted its position in shares of Regeneron Pharmaceuticals by 11.1% during the second quarter. Andra AP fonden now owns 1,000 shares of the biopharmaceutical company’s stock worth $491,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 66.63% of the company’s stock.
Regeneron Pharmaceuticals (NASDAQ REGN) opened at $384.09 on Thursday. The stock has a market capitalization of $41,630.00, a PE ratio of 34.89, a P/E/G ratio of 1.50 and a beta of 1.53. Regeneron Pharmaceuticals has a 52-week low of $340.09 and a 52-week high of $543.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.63 and a quick ratio of 3.07.
About Regeneron Pharmaceuticals
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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