Alnylam Pharmaceuticals, Inc. (ALNY) to Post FY2017 Earnings of ($5.49) Per Share, Jefferies Group Forecasts
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) – Jefferies Group cut their FY2017 EPS estimates for shares of Alnylam Pharmaceuticals in a report released on Wednesday. Jefferies Group analyst M. Raycroft now anticipates that the biopharmaceutical company will post earnings per share of ($5.49) for the year, down from their previous forecast of ($5.46). Jefferies Group has a “Buy” rating and a $130.00 price target on the stock. Jefferies Group also issued estimates for Alnylam Pharmaceuticals’ FY2018 earnings at ($5.40) EPS, FY2019 earnings at ($4.29) EPS, FY2020 earnings at ($2.10) EPS and FY2021 earnings at $0.84 EPS.
Several other brokerages have also weighed in on ALNY. Credit Suisse Group increased their price objective on shares of Alnylam Pharmaceuticals from $123.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. B. Riley assumed coverage on shares of Alnylam Pharmaceuticals in a research report on Wednesday, November 1st. They issued a “buy” rating and a $240.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $56.00 price objective (up from $47.00) on shares of Alnylam Pharmaceuticals in a research report on Thursday, August 10th. Cowen and Company reissued a “buy” rating and issued a $151.00 price objective on shares of Alnylam Pharmaceuticals in a research report on Thursday. Finally, Chardan Capital reissued a “buy” rating and issued a $124.00 price objective (down from $131.00) on shares of Alnylam Pharmaceuticals in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $114.57.
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Shares of Alnylam Pharmaceuticals (NASDAQ ALNY) opened at $139.98 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.83 and a quick ratio of 8.84. Alnylam Pharmaceuticals has a 1 year low of $35.98 and a 1 year high of $147.63.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last announced its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($1.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.23) by ($0.11). Alnylam Pharmaceuticals had a negative return on equity of 46.94% and a negative net margin of 664.70%. The business had revenue of $17.10 million for the quarter, compared to analyst estimates of $28.15 million. During the same quarter in the previous year, the company posted ($1.21) EPS. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year.
In other news, Director Dennis A. Ausiello sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $130.00, for a total value of $2,600,000.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $2,600,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Akshay Vaishnaw sold 33,666 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $121.46, for a total transaction of $4,089,072.36. Following the completion of the sale, the executive vice president now owns 45,201 shares in the company, valued at $5,490,113.46. The disclosure for this sale can be found here. Insiders have sold 215,797 shares of company stock worth $25,035,072 over the last quarter. Corporate insiders own 4.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Alnylam Pharmaceuticals by 22.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,610 shares of the biopharmaceutical company’s stock valued at $926,000 after purchasing an additional 2,093 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Alnylam Pharmaceuticals by 14.4% in the 2nd quarter. California Public Employees Retirement System now owns 126,700 shares of the biopharmaceutical company’s stock valued at $10,106,000 after purchasing an additional 15,900 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Alnylam Pharmaceuticals in the 2nd quarter valued at approximately $1,060,000. Hemenway Trust Co LLC acquired a new stake in shares of Alnylam Pharmaceuticals in the 2nd quarter valued at approximately $235,000. Finally, Federated Investors Inc. PA boosted its stake in shares of Alnylam Pharmaceuticals by 522.9% in the 2nd quarter. Federated Investors Inc. PA now owns 62,293 shares of the biopharmaceutical company’s stock valued at $4,968,000 after purchasing an additional 52,293 shares in the last quarter. Institutional investors own 94.20% of the company’s stock.
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).
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