Alkermes PLC (ALKS) Expected to Announce Earnings of $0.01 Per Share
Wall Street brokerages forecast that Alkermes PLC (NASDAQ:ALKS) will report earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Alkermes PLC’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.05. Alkermes PLC reported earnings of ($0.09) per share during the same quarter last year, which would suggest a positive year over year growth rate of 111.1%. The firm is scheduled to issue its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Alkermes PLC will report full year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.09) to $0.04. For the next financial year, analysts expect that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.22 to $0.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Alkermes PLC.
Alkermes PLC (NASDAQ:ALKS) last posted its earnings results on Thursday, July 27th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Alkermes PLC had a negative return on equity of 9.12% and a negative net margin of 24.33%. The company had revenue of $218.80 million for the quarter, compared to the consensus estimate of $216.54 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis.
A number of brokerages have weighed in on ALKS. ValuEngine raised Alkermes PLC from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $69.00 target price on Alkermes PLC and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered Alkermes PLC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Alkermes PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, J P Morgan Chase & Co set a $78.00 target price on Alkermes PLC and gave the stock a “buy” rating in a research report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Alkermes PLC currently has a consensus rating of “Hold” and a consensus target price of $62.89.
In other Alkermes PLC news, Director Paul J. Mitchell sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $54.91, for a total value of $82,365.00. Following the transaction, the director now directly owns 9,500 shares of the company’s stock, valued at $521,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kathryn L. Biberstein sold 13,566 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $51.29, for a total value of $695,800.14. Following the completion of the transaction, the chief accounting officer now directly owns 70,455 shares in the company, valued at $3,613,636.95. The disclosure for this sale can be found here. Insiders sold 18,066 shares of company stock worth $941,485 over the last three months. 5.34% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in ALKS. BlackRock Inc. raised its position in Alkermes PLC by 5,927.5% in the first quarter. BlackRock Inc. now owns 10,292,601 shares of the company’s stock valued at $602,115,000 after purchasing an additional 10,121,839 shares during the period. Janus Henderson Group PLC raised its position in Alkermes PLC by 13,784.0% in the second quarter. Janus Henderson Group PLC now owns 2,330,992 shares of the company’s stock valued at $135,128,000 after purchasing an additional 2,314,203 shares during the period. Primecap Management Co. CA raised its position in Alkermes PLC by 23.2% in the first quarter. Primecap Management Co. CA now owns 7,856,543 shares of the company’s stock valued at $459,608,000 after purchasing an additional 1,480,273 shares during the period. Janus Capital Management LLC raised its position in Alkermes PLC by 220.0% in the first quarter. Janus Capital Management LLC now owns 1,658,928 shares of the company’s stock valued at $97,045,000 after purchasing an additional 1,140,555 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Alkermes PLC by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,857,077 shares of the company’s stock valued at $167,138,000 after purchasing an additional 820,355 shares during the period. 99.06% of the stock is currently owned by institutional investors.
Alkermes PLC (NASDAQ ALKS) traded up 0.06% during midday trading on Thursday, reaching $52.32. The company’s stock had a trading volume of 611,048 shares. Alkermes PLC has a 1-year low of $41.93 and a 1-year high of $63.40. The firm’s market cap is $8.04 billion. The company has a 50 day moving average price of $52.09 and a 200 day moving average price of $56.69.
About Alkermes PLC
Alkermes plc is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. The Company has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system (CNS) disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).
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