Brokerages Anticipate Regeneron Pharmaceuticals, Inc. (REGN) to Announce $3.82 EPS
Equities analysts expect that Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) will announce earnings per share (EPS) of $3.82 for the current quarter, Zacks reports. Seven analysts have issued estimates for Regeneron Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at $3.23 and the highest estimate coming in at $4.57. Regeneron Pharmaceuticals reported earnings per share of $3.13 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22%. The business is expected to issue its next earnings report on Friday, November 3rd.
On average, analysts expect that Regeneron Pharmaceuticals will report full year earnings of $14.79 per share for the current fiscal year, with EPS estimates ranging from $12.41 to $17.07. For the next year, analysts forecast that the company will post earnings of $16.37 per share, with EPS estimates ranging from $13.35 to $18.30. Zacks’ EPS averages are an average based on a survey of analysts that cover Regeneron Pharmaceuticals.
Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported $4.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.67 by $1.50. Regeneron Pharmaceuticals had a return on equity of 25.58% and a net margin of 22.05%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the business posted $2.82 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year.
Several research analysts have recently commented on the company. UBS AG set a $489.00 price objective on Regeneron Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, May 5th. BMO Capital Markets raised their price objective on Regeneron Pharmaceuticals from $412.00 to $421.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Piper Jaffray Companies raised their price objective on Regeneron Pharmaceuticals from $446.00 to $557.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $472.00 price objective (up previously from $469.00) on shares of Regeneron Pharmaceuticals in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $471.00 price objective (up previously from $418.00) on shares of Regeneron Pharmaceuticals in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $495.59.
Shares of Regeneron Pharmaceuticals (NASDAQ REGN) opened at 467.98 on Friday. The company has a market capitalization of $49.62 billion, a PE ratio of 46.95 and a beta of 1.66. The stock’s 50 day moving average price is $489.51 and its 200 day moving average price is $430.92. Regeneron Pharmaceuticals has a 12 month low of $325.35 and a 12 month high of $543.55.
In related news, Chairman P Roy Vagelos sold 15,191 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $470.15, for a total transaction of $7,142,048.65. Following the completion of the transaction, the chairman now owns 329,543 shares in the company, valued at approximately $154,934,641.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael S. Aberman sold 2,269 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $532.42, for a total value of $1,208,060.98. Following the transaction, the senior vice president now owns 9,193 shares of the company’s stock, valued at approximately $4,894,537.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,404 shares of company stock valued at $40,303,792. 10.40% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Korea Investment CORP boosted its position in Regeneron Pharmaceuticals by 223.9% in the first quarter. Korea Investment CORP now owns 298 shares of the biopharmaceutical company’s stock worth $115,000 after buying an additional 206 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in Regeneron Pharmaceuticals during the second quarter worth about $130,000. Sterling Investment Advisors Ltd. boosted its position in Regeneron Pharmaceuticals by 11.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock worth $137,000 after buying an additional 28 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in Regeneron Pharmaceuticals during the first quarter worth about $140,000. Finally, FNY Partners Fund LP boosted its position in Regeneron Pharmaceuticals by 200.0% in the second quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock worth $147,000 after buying an additional 200 shares during the last quarter. Institutional investors own 67.16% of the company’s stock.
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Regeneron Pharmaceuticals Company Profile
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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