Analysts Expect Alnylam Pharmaceuticals, Inc. (ALNY) Will Post Quarterly Sales of $21.26 Million
Wall Street analysts forecast that Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) will announce sales of $21.26 million for the current quarter, Zacks reports. Five analysts have issued estimates for Alnylam Pharmaceuticals’ earnings. The lowest sales estimate is $13.13 million and the highest is $37.00 million. Alnylam Pharmaceuticals reported sales of $8.71 million during the same quarter last year, which indicates a positive year-over-year growth rate of 144.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Alnylam Pharmaceuticals will report full-year sales of $21.26 million for the current fiscal year, with estimates ranging from $25.00 million to $104.96 million. For the next fiscal year, analysts forecast that the firm will post sales of $113.37 million per share, with estimates ranging from $78.56 million to $191.07 million. Zacks’ sales averages are an average based on a survey of research firms that cover Alnylam Pharmaceuticals.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last announced its quarterly earnings data on Friday, May 5th. The biopharmaceutical company reported ($1.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.22) by $0.03. Alnylam Pharmaceuticals had a negative net margin of 705.11% and a negative return on equity of 42.90%. The business had revenue of $19 million during the quarter, compared to analysts’ expectations of $22.91 million. During the same period last year, the company posted ($1.21) EPS. Alnylam Pharmaceuticals’s revenue for the quarter was up 160.3% on a year-over-year basis.
A number of research firms recently weighed in on ALNY. BidaskClub raised shares of Alnylam Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. ValuEngine raised shares of Alnylam Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Chardan Capital set a $110.00 target price on shares of Alnylam Pharmaceuticals and gave the company a “buy” rating in a report on Monday, June 12th. Janney Montgomery Scott began coverage on shares of Alnylam Pharmaceuticals in a report on Friday, June 2nd. They issued a “sell” rating and a $67.00 target price for the company. Finally, Piper Jaffray Companies set a $116.00 target price on shares of Alnylam Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $71.29.
In related news, VP Michael Mason sold 9,375 shares of Alnylam Pharmaceuticals stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $70.00, for a total value of $656,250.00. Following the completion of the sale, the vice president now directly owns 5,625 shares in the company, valued at $393,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sanofi acquired 297,501 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $71.87 per share, with a total value of $21,381,396.87. The disclosure for this purchase can be found here. Insiders have sold 64,125 shares of company stock valued at $4,325,000 over the last three months. Insiders own 4.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. First Manhattan Co. purchased a new stake in Alnylam Pharmaceuticals during the first quarter valued at $135,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Alnylam Pharmaceuticals during the first quarter valued at $148,000. Westpac Banking Corp purchased a new stake in Alnylam Pharmaceuticals during the first quarter valued at $202,000. Prudential Financial Inc. purchased a new stake in Alnylam Pharmaceuticals during the first quarter valued at $215,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Alnylam Pharmaceuticals during the first quarter valued at $256,000. Hedge funds and other institutional investors own 90.04% of the company’s stock.
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Shares of Alnylam Pharmaceuticals (NASDAQ ALNY) opened at 81.63 on Wednesday. The stock has a 50 day moving average of $67.47 and a 200-day moving average of $51.64. The stock’s market cap is $7.04 billion. Alnylam Pharmaceuticals has a 52 week low of $31.38 and a 52 week high of $84.18.
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).
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