$77.74 Million in Sales Expected for Supernus Pharmaceuticals, Inc. (SUPN) This Quarter
Wall Street brokerages expect Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) to report sales of $77.74 million for the current quarter, Zacks reports. Four analysts have made estimates for Supernus Pharmaceuticals’ earnings, with the highest sales estimate coming in at $80.30 million and the lowest estimate coming in at $72.88 million. Supernus Pharmaceuticals reported sales of $56.81 million in the same quarter last year, which indicates a positive year over year growth rate of 36.8%. The company is scheduled to announce its next earnings results on Friday, January 19th.
According to Zacks, analysts expect that Supernus Pharmaceuticals will report full-year sales of $77.74 million for the current fiscal year, with estimates ranging from $290.99 million to $298.25 million. For the next fiscal year, analysts expect that the company will report sales of $386.07 million per share, with estimates ranging from $371.36 million to $416.37 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Supernus Pharmaceuticals.
Supernus Pharmaceuticals (NASDAQ:SUPN) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty pharmaceutical company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Supernus Pharmaceuticals had a net margin of 41.10% and a return on equity of 30.73%. The firm had revenue of $75.83 million during the quarter, compared to the consensus estimate of $68.54 million.
Several equities analysts have recently commented on the stock. FBR & Co assumed coverage on shares of Supernus Pharmaceuticals in a report on Thursday. They issued a “buy” rating and a $53.00 price objective on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $51.00 target price on shares of Supernus Pharmaceuticals in a report on Friday, August 4th. Piper Jaffray Companies reiterated a “hold” rating and set a $41.00 target price on shares of Supernus Pharmaceuticals in a report on Tuesday, September 26th. BidaskClub upgraded shares of Supernus Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $49.00 target price on shares of Supernus Pharmaceuticals in a report on Wednesday, September 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.38.
Supernus Pharmaceuticals (NASDAQ SUPN) opened at 41.85 on Friday. The company’s 50-day moving average is $42.84 and its 200 day moving average is $39.71. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.12 and a beta of 1.30. Supernus Pharmaceuticals has a one year low of $17.25 and a one year high of $50.05.
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In other Supernus Pharmaceuticals news, insider Stefan K.F. Schwabe sold 95,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $46.59, for a total transaction of $4,426,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Padmanabh P. Bhatt sold 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $49.86, for a total transaction of $249,300.00. Following the sale, the senior vice president now owns 12,500 shares in the company, valued at $623,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,709 shares of company stock worth $7,223,108. 6.70% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Neumeier Poma Investment Counsel LLC raised its holdings in shares of Supernus Pharmaceuticals by 1.6% in the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 890,740 shares of the specialty pharmaceutical company’s stock valued at $38,391,000 after purchasing an additional 14,430 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Supernus Pharmaceuticals in the 2nd quarter valued at $378,000. Royce & Associates LP raised its holdings in shares of Supernus Pharmaceuticals by 22.3% in the 2nd quarter. Royce & Associates LP now owns 159,000 shares of the specialty pharmaceutical company’s stock valued at $6,853,000 after purchasing an additional 29,000 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Supernus Pharmaceuticals by 6.9% in the 2nd quarter. Teachers Advisors LLC now owns 466,060 shares of the specialty pharmaceutical company’s stock valued at $20,087,000 after purchasing an additional 29,939 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Supernus Pharmaceuticals by 10.7% in the 1st quarter. Bank of America Corp DE now owns 362,952 shares of the specialty pharmaceutical company’s stock valued at $11,361,000 after purchasing an additional 35,069 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.
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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