$0.10 Earnings Per Share Expected for AMAG Pharmaceuticals, Inc. (AMAG) This Quarter
Equities analysts expect that AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) will post $0.10 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for AMAG Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.50. AMAG Pharmaceuticals posted earnings per share of $1.52 in the same quarter last year, which suggests a negative year over year growth rate of 93.4%. The company is expected to issue its next quarterly earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that AMAG Pharmaceuticals will report full-year earnings of ($4.17) per share for the current fiscal year, with EPS estimates ranging from ($6.63) to ($1.43). For the next fiscal year, analysts anticipate that the business will post earnings of ($2.33) per share, with EPS estimates ranging from ($6.91) to ($0.36). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow AMAG Pharmaceuticals.
AMAG has been the subject of a number of analyst reports. Janney Montgomery Scott reaffirmed a “hold” rating on shares of AMAG Pharmaceuticals in a research report on Monday, October 23rd. Zacks Investment Research lowered AMAG Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Morgan Stanley initiated coverage on AMAG Pharmaceuticals in a research note on Friday, September 8th. They set an “overweight” rating and a $26.00 target price on the stock. Cantor Fitzgerald reiterated a “hold” rating and set a $21.00 target price on shares of AMAG Pharmaceuticals in a research note on Thursday, September 28th. Finally, Jefferies Group reiterated a “buy” rating and set a $16.00 target price on shares of AMAG Pharmaceuticals in a research note on Sunday, November 5th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. AMAG Pharmaceuticals currently has a consensus rating of “Hold” and an average price target of $21.58.
AMAG Pharmaceuticals (AMAG) opened at $14.55 on Wednesday. AMAG Pharmaceuticals has a 52-week low of $11.93 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.48 and a current ratio of 1.59. The firm has a market capitalization of $523.54, a P/E ratio of -2.39 and a beta of 0.79.
Several hedge funds have recently added to or reduced their stakes in AMAG. State Street Corp boosted its stake in shares of AMAG Pharmaceuticals by 10.6% in the 2nd quarter. State Street Corp now owns 2,789,932 shares of the specialty pharmaceutical company’s stock worth $51,336,000 after buying an additional 267,873 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of AMAG Pharmaceuticals in the 3rd quarter worth $3,958,000. Prudential Financial Inc. boosted its stake in shares of AMAG Pharmaceuticals by 59.2% in the 2nd quarter. Prudential Financial Inc. now owns 534,697 shares of the specialty pharmaceutical company’s stock worth $9,839,000 after buying an additional 198,850 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AMAG Pharmaceuticals by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,215,249 shares of the specialty pharmaceutical company’s stock worth $22,361,000 after buying an additional 189,576 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of AMAG Pharmaceuticals by 46.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 424,875 shares of the specialty pharmaceutical company’s stock worth $7,839,000 after buying an additional 134,080 shares during the last quarter.
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About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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