Brokerages Expect Regeneron Pharmaceuticals, Inc. (REGN) Will Post Quarterly Sales of $1.49 Billion
Wall Street brokerages predict that Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) will post $1.49 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Regeneron Pharmaceuticals’ earnings. The lowest sales estimate is $1.41 billion and the highest is $1.53 billion. Regeneron Pharmaceuticals posted sales of $1.23 billion in the same quarter last year, which would indicate a positive year over year growth rate of 21.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Regeneron Pharmaceuticals will report full-year sales of $1.49 billion for the current year, with estimates ranging from $5.69 billion to $5.86 billion. For the next year, analysts forecast that the company will post sales of $6.27 billion per share, with estimates ranging from $5.89 billion to $6.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Regeneron Pharmaceuticals.
Regeneron Pharmaceuticals (NASDAQ:REGN) last posted its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported $3.99 earnings per share 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 net margin of 23.17% and a return on equity of 25.73%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company posted $3.13 EPS.
REGN has been the topic of several research reports. Leerink Swann restated a “positive” rating and set a $552.00 price objective (down previously from $580.00) on shares of Regeneron Pharmaceuticals in a research report on Tuesday, August 15th. BMO Capital Markets set a $444.00 target price on shares of Regeneron Pharmaceuticals and gave the stock a “hold” rating in a research report on Monday, November 27th. Citigroup cut shares of Regeneron Pharmaceuticals from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $480.00 to $380.00 in a research report on Friday, December 1st. Robert W. Baird raised shares of Regeneron Pharmaceuticals from an “underperform” rating to a “neutral” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Regeneron Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Regeneron Pharmaceuticals has a consensus rating of “Hold” and a consensus price target of $467.84.
Shares of Regeneron Pharmaceuticals (NASDAQ:REGN) opened at $381.32 on Tuesday. The company has a current ratio of 3.63, a quick ratio of 3.07 and a debt-to-equity ratio of 0.12. The firm has a market cap of $40,910.63, a price-to-earnings ratio of 32.97, a PEG 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.
In other Regeneron Pharmaceuticals news, Director Charles A. Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $450.00, for a total value of $900,000.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at $4,950,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael S. Brown sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $475.00, for a total transaction of $712,500.00. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of REGN. Fieldpoint Private Securities LLC bought a new position in shares of Regeneron Pharmaceuticals during the second quarter worth $130,000. Sterling Investment Advisors Ltd. boosted its position in shares of Regeneron Pharmaceuticals by 11.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock worth $137,000 after acquiring an additional 28 shares during the last quarter. FNY Partners Fund LP boosted its position in shares of Regeneron Pharmaceuticals by 200.0% during the second quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock worth $147,000 after acquiring an additional 200 shares during the last quarter. IFP Advisors Inc raised its stake in Regeneron Pharmaceuticals by 33.2% during the second quarter. IFP Advisors Inc now owns 385 shares of the biopharmaceutical company’s stock valued at $189,000 after purchasing an additional 96 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in Regeneron Pharmaceuticals during the third quarter valued at $200,000. Institutional investors and hedge funds own 66.67% of the company’s stock.
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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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