ANI Pharmaceuticals, Inc. (ANIP) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS
ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) announced its quarterly earnings data on Wednesday. The specialty pharmaceutical company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12, Bloomberg Earnings reports. ANI Pharmaceuticals had a net margin of 3.35% and a return on equity of 22.70%. The firm had revenue of $48.16 million during the quarter, compared to analysts’ expectations of $48.12 million. During the same quarter last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year.
Several analysts recently commented on ANIP shares. Canaccord Genuity started coverage on shares of ANI Pharmaceuticals in a research note on Monday, July 31st. They issued a “buy” rating and a $60.00 price objective for the company. BidaskClub upgraded shares of ANI Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ANI Pharmaceuticals has an average rating of “Hold” and an average price target of $67.33.
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ANI Pharmaceuticals Company Profile
ANI Pharmaceuticals, Inc is an integrated specialty pharmaceutical company. The Company is engaged in developing, manufacturing and marketing branded and generic prescription pharmaceuticals. The Company focuses on areas, including controlled substances, anti-cancer (oncolytics), hormones and steroids, and complex formulations.
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