Equities research analysts forecast that Alkermes Plc (NASDAQ:ALKS) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Alkermes’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.08. Alkermes posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The company is expected to report its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Alkermes will report full-year earnings of $0.01 per share for the current fiscal year, with EPS estimates ranging from ($0.12) to $0.18. For the next financial year, analysts expect that the business will report earnings of $0.24 per share, with EPS estimates ranging from ($0.24) to $0.63. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Alkermes.

Alkermes (NASDAQ:ALKS) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Alkermes had a negative return on equity of 12.18% and a negative net margin of 16.69%. The business had revenue of $217.40 million during the quarter, compared to analyst estimates of $231.29 million. During the same quarter in the prior year, the company posted ($0.09) EPS. Alkermes’s quarterly revenue was up 20.6% compared to the same quarter last year.

A number of research analysts have weighed in on ALKS shares. Jefferies Group set a $69.00 target price on Alkermes and gave the stock a “buy” rating in a report on Friday, August 25th. Credit Suisse Group set a $66.00 price target on Alkermes and gave the company a “buy” rating in a report on Tuesday, November 28th. J P Morgan Chase & Co set a $78.00 price target on Alkermes and gave the company a “buy” rating in a report on Friday, October 27th. Mizuho set a $81.00 price target on Alkermes and gave the company a “buy” rating in a report on Saturday, October 21st. Finally, Barclays cut Alkermes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $66.00 to $50.00 in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.55.

Alkermes (NASDAQ ALKS) traded up $1.06 during mid-day trading on Friday, hitting $52.62. The company’s stock had a trading volume of 2,574,029 shares, compared to its average volume of 981,681. Alkermes has a 1 year low of $46.42 and a 1 year high of $63.40. The company has a current ratio of 3.05, a quick ratio of 2.72 and a debt-to-equity ratio of 0.23.

In other Alkermes news, SVP James M. Frates sold 20,932 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $50.51, for a total value of $1,057,275.32. Following the completion of the sale, the senior vice president now owns 164,971 shares in the company, valued at approximately $8,332,685.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Mitchell sold 1,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $51.98, for a total value of $51,980.00. Following the completion of the sale, the director now owns 9,000 shares of the company’s stock, valued at approximately $467,820. The disclosure for this sale can be found here. Insiders sold a total of 109,364 shares of company stock valued at $5,355,310 in the last quarter. 5.34% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of ALKS. Toronto Dominion Bank lifted its stake in Alkermes by 12.7% in the second quarter. Toronto Dominion Bank now owns 1,875 shares of the company’s stock worth $109,000 after purchasing an additional 212 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Alkermes in the third quarter worth about $126,000. Greenwood Capital Associates LLC raised its position in shares of Alkermes by 1.1% in the second quarter. Greenwood Capital Associates LLC now owns 3,770 shares of the company’s stock worth $219,000 after acquiring an additional 41 shares during the period. Virtu Financial LLC acquired a new position in shares of Alkermes in the third quarter worth about $201,000. Finally, US Bancorp DE raised its position in shares of Alkermes by 366.4% in the second quarter. US Bancorp DE now owns 3,974 shares of the company’s stock worth $231,000 after acquiring an additional 3,122 shares during the period. Hedge funds and other institutional investors own 99.69% of the company’s stock.

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Alkermes Company Profile

Alkermes plc is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. The Company has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system (CNS) disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).

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