Zacks: Brokerages Anticipate Amphastar Pharmaceuticals, Inc. (AMPH) to Announce -$0.04 Earnings Per Share
Equities analysts predict that Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH) will post earnings of ($0.04) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Amphastar Pharmaceuticals’ earnings. The highest EPS estimate is $0.10 and the lowest is ($0.30). Amphastar Pharmaceuticals posted earnings per share of $0.01 during the same quarter last year, which suggests a negative year over year growth rate of 500%. The business is scheduled to report its next earnings report on Monday, March 12th.
On average, analysts expect that Amphastar Pharmaceuticals will report full year earnings of $0.23 per share for the current year, with EPS estimates ranging from ($0.03) to $0.38. For the next year, analysts expect that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.11 to $0.86. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Amphastar Pharmaceuticals.
Amphastar Pharmaceuticals (NASDAQ:AMPH) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Amphastar Pharmaceuticals had a return on equity of 0.21% and a net margin of 0.30%. The business had revenue of $57.90 million during the quarter, compared to analysts’ expectations of $57.23 million. During the same period in the previous year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year.
Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Amphastar Pharmaceuticals from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Friday. Zacks Investment Research cut Amphastar Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $19.00 target price on Amphastar Pharmaceuticals and gave the stock a “buy” rating in a research note on Sunday, October 22nd. Wells Fargo & Company restated a “buy” rating on shares of Amphastar Pharmaceuticals in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC set a $19.00 target price on Amphastar Pharmaceuticals and gave the stock a “buy” rating in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Amphastar Pharmaceuticals currently has a consensus rating of “Hold” and a consensus target price of $20.43.
In related news, EVP Diane G. Gerst sold 8,444 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $18.87, for a total value of $159,338.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Zasloff sold 63,624 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.18, for a total value of $1,156,684.32. Following the completion of the sale, the director now owns 101,879 shares of the company’s stock, valued at $1,852,160.22. The disclosure for this sale can be found here. Insiders have sold 155,285 shares of company stock valued at $2,857,895 over the last quarter. Company insiders own 11.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMPH. Dimensional Fund Advisors LP increased its holdings in Amphastar Pharmaceuticals by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,331,842 shares of the company’s stock valued at $23,786,000 after purchasing an additional 270,654 shares during the period. Vanguard Group Inc. grew its holdings in Amphastar Pharmaceuticals by 10.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,414,797 shares of the company’s stock worth $43,128,000 after acquiring an additional 235,033 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Amphastar Pharmaceuticals by 143.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 362,947 shares of the company’s stock worth $6,482,000 after acquiring an additional 213,572 shares during the period. Citigroup Inc. grew its holdings in Amphastar Pharmaceuticals by 295.1% during the 2nd quarter. Citigroup Inc. now owns 221,729 shares of the company’s stock worth $3,960,000 after acquiring an additional 165,613 shares during the period. Finally, State Street Corp grew its holdings in Amphastar Pharmaceuticals by 11.1% during the 1st quarter. State Street Corp now owns 1,062,439 shares of the company’s stock worth $15,406,000 after acquiring an additional 106,448 shares during the period. Institutional investors and hedge funds own 43.89% of the company’s stock.
Amphastar Pharmaceuticals (AMPH) traded down $0.69 during midday trading on Friday, reaching $17.86. The company’s stock had a trading volume of 229,400 shares, compared to its average volume of 294,612. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 0.13. Amphastar Pharmaceuticals has a 12-month low of $12.05 and a 12-month high of $21.75. The company has a market capitalization of $821.13, a PE ratio of 123.67, a PEG ratio of 8.24 and a beta of 1.68.
Amphastar Pharmaceuticals declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 9th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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Amphastar Pharmaceuticals Company Profile
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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