United Therapeutics Corporation (NASDAQ:UTHR) to Release Quarterly Earnings on Wednesday
United Therapeutics Corporation (NASDAQ:UTHR) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, July 26th. Analysts expect United Therapeutics Corporation to post earnings of $3.65 per share for the quarter.
United Therapeutics Corporation (NASDAQ:UTHR) last released its quarterly earnings results on Wednesday, April 26th. The biotechnology company reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.77. United Therapeutics Corporation had a net margin of 41.04% and a return on equity of 34.74%. The firm had revenue of $370.50 million during the quarter, compared to analyst estimates of $399.59 million. During the same quarter last year, the business earned $3.02 EPS. The company’s revenue was up .4% compared to the same quarter last year. On average, analysts expect United Therapeutics Corporation to post $14.46 EPS for the current fiscal year and $10.98 EPS for the next fiscal year.
United Therapeutics Corporation (NASDAQ UTHR) opened at 129.96 on Wednesday. The firm’s 50-day moving average is $129.77 and its 200 day moving average is $137.45. United Therapeutics Corporation has a 12-month low of $110.72 and a 12-month high of $169.89. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 9.13 and a beta of 1.52.
United Therapeutics Corporation announced that its Board of Directors has approved a share repurchase program on Thursday, April 27th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the biotechnology company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages recently commented on UTHR. UBS Group AG began coverage on United Therapeutics Corporation in a research note on Wednesday, March 29th. They issued a “sell” rating and a $112.00 price target for the company. Cowen and Company lowered United Therapeutics Corporation from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $140.00 to $121.00 in a research note on Monday, April 3rd. HC Wainwright reaffirmed a “hold” rating and issued a $95.00 price target on shares of United Therapeutics Corporation in a research note on Monday, April 17th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $116.00 price target on shares of United Therapeutics Corporation in a research note on Wednesday, April 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $213.00 price target (down previously from $229.00) on shares of United Therapeutics Corporation in a research note on Thursday, April 27th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $134.50.
In other news, CEO Martine A. Rothblatt sold 1,238 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $130.44, for a total transaction of $161,484.72. Following the completion of the transaction, the chief executive officer now directly owns 1,378 shares in the company, valued at $179,746.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond Dwek sold 3,490 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $131.71, for a total value of $459,667.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,807 shares of company stock valued at $3,039,475. 7.80% of the stock is owned by corporate insiders.
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United Therapeutics Corporation Company Profile
United Therapeutics Corporation is a biotechnology company. The Company is focused on the development and commercialization of products for the treatment of chronic and life-threatening conditions. The Company markets and sells four commercial therapies in the United States to treat pulmonary arterial hypertension (PAH): Remodulin (treprostinil) Injection; Tyvaso (treprostinil) Inhalation Solution (Tyvaso); Orenitram (treprostinil) Extended-Release Tablets (Orenitram); and Adcirca (tadalafil) Tablets (Adcirca).
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