$157.92 Million in Sales Expected for AMAG Pharmaceuticals, Inc. (AMAG) This Quarter
Wall Street brokerages expect that AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) will announce $157.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for AMAG Pharmaceuticals’ earnings, with the highest sales estimate coming in at $160.76 million and the lowest estimate coming in at $155.65 million. AMAG Pharmaceuticals posted sales of $127.42 million in the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The firm is scheduled to announce its next earnings report on Tuesday, August 8th.
On average, analysts expect that AMAG Pharmaceuticals will report full year sales of $157.92 million for the current financial year, with estimates ranging from $640.45 million to $655.96 million. For the next fiscal year, analysts expect that the firm will report sales of $553.33 million per share, with estimates ranging from $481.01 million to $620.89 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for AMAG Pharmaceuticals.
AMAG Pharmaceuticals (NASDAQ:AMAG) last released its quarterly earnings data on Tuesday, May 2nd. The specialty pharmaceutical company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of $0.09 by $1.15. The business had revenue of $139.47 million during the quarter, compared to analyst estimates of $150.32 million. AMAG Pharmaceuticals had a net margin of 3.12% and a return on equity of 11.10%. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period last year, the business earned ($0.22) earnings per share.
AMAG has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued a “hold” rating and set a $23.00 price target on shares of AMAG Pharmaceuticals in a report on Tuesday, May 2nd. TheStreet cut AMAG Pharmaceuticals from a “c” rating to a “d+” rating in a report on Friday, May 5th. Jefferies Group LLC set a $40.00 price target on AMAG Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, April 20th. Cowen and Company cut AMAG Pharmaceuticals from an “outperform” rating to a “market perform” rating in a report on Friday, February 3rd. Finally, Barclays PLC reissued a “hold” rating and set a $25.00 price target on shares of AMAG Pharmaceuticals in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.00.
AMAG Pharmaceuticals (NASDAQ:AMAG) traded up 0.58% during mid-day trading on Thursday, reaching $17.40. The company had a trading volume of 86,474 shares. The stock’s market capitalization is $609.78 million. AMAG Pharmaceuticals has a 12-month low of $17.00 and a 12-month high of $36.83. The stock has a 50 day moving average price of $20.79 and a 200-day moving average price of $25.46.
In other news, SVP Julie Krop sold 1,891 shares of AMAG Pharmaceuticals stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $24.45, for a total value of $46,234.95. Following the sale, the senior vice president now directly owns 36,777 shares of the company’s stock, valued at $899,197.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.
Large investors have recently modified their holdings of the company. AlphaOne Investment Services LLC boosted its stake in shares of AMAG Pharmaceuticals by 25.7% in the fourth quarter. AlphaOne Investment Services LLC now owns 66,105 shares of the specialty pharmaceutical company’s stock valued at $2,301,000 after buying an additional 13,500 shares during the period. New York State Teachers Retirement System boosted its stake in shares of AMAG Pharmaceuticals by 5.0% in the fourth quarter. New York State Teachers Retirement System now owns 25,325 shares of the specialty pharmaceutical company’s stock valued at $881,000 after buying an additional 1,200 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of AMAG Pharmaceuticals during the fourth quarter valued at about $17,870,000. Pacad Investment Ltd. purchased a new stake in shares of AMAG Pharmaceuticals during the fourth quarter valued at about $425,000. Finally, Systematic Financial Management LP boosted its stake in shares of AMAG Pharmaceuticals by 124.1% in the fourth quarter. Systematic Financial Management LP now owns 156,440 shares of the specialty pharmaceutical company’s stock valued at $5,444,000 after buying an additional 86,645 shares during the period.
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AMAG Pharmaceuticals Company Profile
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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