Zacks: Analysts Anticipate AMAG Pharmaceuticals, Inc. (AMAG) Will Announce Quarterly Sales of $91.24 Million
Wall Street analysts forecast that AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) will announce $91.24 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for AMAG Pharmaceuticals’ earnings. The highest sales estimate is $96.08 million and the lowest is $89.18 million. AMAG Pharmaceuticals posted sales of $146.36 million during the same quarter last year, which suggests a negative year-over-year growth rate of 37.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that AMAG Pharmaceuticals will report full-year sales of $359.63 million for the current fiscal year, with estimates ranging from $336.25 million to $386.41 million. For the next financial year, analysts anticipate that the company will report sales of $347.51 million, with estimates ranging from $292.71 million to $384.31 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for AMAG Pharmaceuticals.
AMAG Pharmaceuticals (NASDAQ:AMAG) last announced its quarterly earnings results on Thursday, February 7th. The specialty pharmaceutical company reported ($0.60) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.38. The firm had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $95.21 million. AMAG Pharmaceuticals had a negative return on equity of 17.10% and a negative net margin of 13.07%. The business’s revenue was down 31.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the company. Pearl River Capital LLC acquired a new position in shares of AMAG Pharmaceuticals during the fourth quarter valued at $28,000. Quantamental Technologies LLC acquired a new position in shares of AMAG Pharmaceuticals during the fourth quarter valued at $107,000. Tower Research Capital LLC TRC acquired a new position in shares of AMAG Pharmaceuticals during the third quarter valued at $173,000. First Quadrant L P CA acquired a new position in shares of AMAG Pharmaceuticals during the fourth quarter valued at $141,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of AMAG Pharmaceuticals during the fourth quarter valued at $151,000.
Shares of AMAG stock traded up $0.01 during trading hours on Wednesday, hitting $12.47. 620,455 shares of the company’s stock were exchanged, compared to its average volume of 769,954. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.01 and a current ratio of 3.17. The stock has a market capitalization of $432.18 million, a PE ratio of -3.21 and a beta of 0.44. AMAG Pharmaceuticals has a 52 week low of $10.70 and a 52 week high of $26.10.
About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc, a biopharmaceutical company, manufactures, develops, and commercializes therapeutics for maternal and women's health, anemia management, and cancer supportive care in the United States. It markets Makena, a hydroxyprogesterone caproate injection to reduce the risk of preterm birth in women pregnant with a single baby who have a history of singleton spontaneous preterm birth; Feraheme (ferumoxytol), an intravenous iron replacement therapeutic agent for the treatment of iron deficiency anemia in adult patients who have intolerance to oral iron or have had unsatisfactory response to oral iron, as well as patients who have chronic kidney disease; Intrarosa(prasterone) vaginal insert steroid for the treatment of dyspareunia due to menopause; and MuGard Mucoadhesive Oral Wound Rinse for the management of oral mucocitis/stomatiits and various types of oral wounds.
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