Zacks: Analysts Anticipate Amphastar Pharmaceuticals, Inc. (AMPH) Will Announce Quarterly Sales of $60.81 Million
Analysts expect Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH) to report sales of $60.81 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Amphastar Pharmaceuticals’ earnings, with the highest sales estimate coming in at $61.01 million and the lowest estimate coming in at $60.60 million. Amphastar Pharmaceuticals reported sales of $68.03 million in the same quarter last year, which indicates a negative year over year growth rate of 10.6%. The firm is expected to issue its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that Amphastar Pharmaceuticals will report full year sales of $60.81 million for the current fiscal year, with estimates ranging from $246.00 million to $284.06 million. For the next year, analysts anticipate that the firm will report sales of $343.49 million per share, with estimates ranging from $309.40 million to $370.97 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Amphastar Pharmaceuticals.
Amphastar Pharmaceuticals (NASDAQ:AMPH) last posted its quarterly earnings results on Monday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.03. The company had revenue of $56.67 million during the quarter, compared to analysts’ expectations of $63.74 million. Amphastar Pharmaceuticals had a return on equity of 2.69% and a net margin of 3.54%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS.
AMPH has been the topic of several analyst reports. Jefferies Group LLC cut their price target on shares of Amphastar Pharmaceuticals from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, May 10th. TheStreet raised shares of Amphastar Pharmaceuticals from a “c” rating to a “b-” rating in a report on Monday, June 26th. Finally, Zacks Investment Research lowered shares of Amphastar Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Amphastar Pharmaceuticals currently has a consensus rating of “Buy” and a consensus price target of $20.14.
Amphastar Pharmaceuticals (NASDAQ:AMPH) traded up 2.595% during mid-day trading on Friday, hitting $18.385. The company had a trading volume of 365,420 shares. The company has a 50 day moving average of $17.39 and a 200 day moving average of $15.99. Amphastar Pharmaceuticals has a 1-year low of $12.05 and a 1-year high of $21.75. The firm has a market capitalization of $840.87 million, a PE ratio of 96.763 and a beta of 1.68.
In other news, Director Michael A. Zasloff sold 15,000 shares of Amphastar Pharmaceuticals stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $17.01, for a total transaction of $255,150.00. Following the completion of the sale, the director now directly owns 47,411 shares in the company, valued at $806,461.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard K. Prins sold 7,500 shares of Amphastar Pharmaceuticals stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $15.43, for a total transaction of $115,725.00. Following the sale, the director now owns 30,500 shares of the company’s stock, valued at $470,615. The disclosure for this sale can be found here. Insiders have sold 43,982 shares of company stock valued at $735,850 over the last quarter. Insiders own 11.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Rothschild Asset Management Inc. bought a new stake in Amphastar Pharmaceuticals during the first quarter valued at approximately $9,056,000. Citadel Advisors LLC increased its stake in Amphastar Pharmaceuticals by 1,823.3% in the first quarter. Citadel Advisors LLC now owns 355,566 shares of the company’s stock valued at $5,156,000 after buying an additional 337,079 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Amphastar Pharmaceuticals by 68.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 800,900 shares of the company’s stock valued at $14,753,000 after buying an additional 324,043 shares during the last quarter. State Street Corp increased its stake in Amphastar Pharmaceuticals by 11.1% in the first quarter. State Street Corp now owns 1,062,439 shares of the company’s stock valued at $15,406,000 after buying an additional 106,448 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Amphastar Pharmaceuticals by 20,071.0% in the first quarter. Sei Investments Co. now owns 103,074 shares of the company’s stock valued at $1,495,000 after buying an additional 102,563 shares during the last quarter. Institutional investors and hedge funds own 45.32% of the company’s stock.
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About Amphastar Pharmaceuticals
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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