Supernus Pharmaceuticals, Inc. (SUPN) Expected to Announce Quarterly Sales of $68.62 Million
Equities research analysts expect Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) to announce $68.62 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Supernus Pharmaceuticals’ earnings, with the highest sales estimate coming in at $71.62 million and the lowest estimate coming in at $65.99 million. Supernus Pharmaceuticals reported sales of $50.42 million during the same quarter last year, which indicates a positive year-over-year growth rate of 36.1%. The company is scheduled to announce its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Supernus Pharmaceuticals will report full year sales of $68.62 million for the current financial year, with estimates ranging from $280.18 million to $287.29 million. For the next fiscal year, analysts anticipate that the business will report sales of $371.54 million per share, with estimates ranging from $354.32 million to $384.63 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Supernus Pharmaceuticals.
Supernus Pharmaceuticals (NASDAQ:SUPN) last announced its quarterly earnings data on Tuesday, May 9th. The specialty pharmaceutical company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Supernus Pharmaceuticals had a return on equity of 31.79% and a net margin of 42.46%. The company had revenue of $57.58 million for the quarter, compared to analyst estimates of $57.91 million.
SUPN has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated a “buy” rating and set a $31.00 price target on shares of Supernus Pharmaceuticals in a report on Wednesday, March 1st. Jefferies Group LLC restated a “buy” rating and issued a $33.00 target price on shares of Supernus Pharmaceuticals in a research note on Thursday, March 2nd. Zacks Investment Research upgraded Supernus Pharmaceuticals from a “strong sell” rating to a “hold” rating in a research note on Saturday, March 4th. Stifel Nicolaus raised their target price on Supernus Pharmaceuticals from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Finally, Cowen and Company raised their target price on Supernus Pharmaceuticals from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, May 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $33.43.
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In other Supernus Pharmaceuticals news, VP Padmanabh P. Bhatt sold 11,806 shares of Supernus Pharmaceuticals stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $32.59, for a total transaction of $384,757.54. Following the completion of the transaction, the vice president now owns 45,500 shares in the company, valued at approximately $1,482,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory S. Patrick sold 54,000 shares of Supernus Pharmaceuticals stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $32.37, for a total value of $1,747,980.00. Following the transaction, the chief financial officer now owns 54,221 shares of the company’s stock, valued at approximately $1,755,133.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,806 shares of company stock valued at $2,813,038. 6.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in SUPN. Juncture Wealth Strategies LLC increased its position in Supernus Pharmaceuticals by 0.8% in the first quarter. Juncture Wealth Strategies LLC now owns 51,459 shares of the specialty pharmaceutical company’s stock worth $1,611,000 after buying an additional 433 shares during the period. Dimensional Fund Advisors LP increased its position in Supernus Pharmaceuticals by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,107,007 shares of the specialty pharmaceutical company’s stock worth $27,952,000 after buying an additional 51,511 shares during the period. Virginia Retirement Systems ET AL increased its position in Supernus Pharmaceuticals by 17.1% in the first quarter. Virginia Retirement Systems ET AL now owns 71,800 shares of the specialty pharmaceutical company’s stock worth $2,247,000 after buying an additional 10,500 shares during the period. New York State Teachers Retirement System increased its position in Supernus Pharmaceuticals by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 77,035 shares of the specialty pharmaceutical company’s stock worth $1,945,000 after buying an additional 400 shares during the period. Finally, Comerica Bank increased its position in Supernus Pharmaceuticals by 5.5% in the fourth quarter. Comerica Bank now owns 52,831 shares of the specialty pharmaceutical company’s stock worth $1,326,000 after buying an additional 2,771 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.
Shares of Supernus Pharmaceuticals (SUPN) traded up 1.83% during midday trading on Friday, hitting $44.45. The company had a trading volume of 296,549 shares. Supernus Pharmaceuticals has a one year low of $17.25 and a one year high of $44.95. The stock’s 50-day moving average price is $35.99 and its 200-day moving average price is $29.53. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 23.91 and a beta of 1.76.
About Supernus Pharmaceuticals
Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. The Company offers Oxtellar XR (extended-release oxcarbazepine) and Trokendi XR (extended-release topiramate), its two treatments for patients with epilepsy.
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