Regeneron Pharmaceuticals, Inc. (REGN) to Release Earnings on Thursday
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) is set to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Regeneron Pharmaceuticals to post earnings of $3.83 per share for the quarter.
Regeneron Pharmaceuticals (NASDAQ:REGN) last released its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 EPS for the quarter, topping the Zacks’ consensus estimate of $2.67 by $1.50. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.36 billion. Regeneron Pharmaceuticals had a return on equity of 25.58% and a net margin of 22.05%. Regeneron Pharmaceuticals’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. On average, analysts expect Regeneron Pharmaceuticals to post $14.94 EPS for the current fiscal year and $16.37 EPS for the next fiscal year.
Shares of Regeneron Pharmaceuticals, Inc. (REGN) opened at 421.93 on Thursday. The stock’s 50 day moving average price is $446.40 and its 200-day moving average price is $458.33. Regeneron Pharmaceuticals, Inc. has a 52-week low of $325.35 and a 52-week high of $543.55. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 42.33 and a beta of 1.62.
REGN has been the topic of several research analyst reports. Leerink Swann restated a “positive” rating and set a $552.00 target price (down previously from $580.00) on shares of Regeneron Pharmaceuticals in a research report on Tuesday, August 15th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $557.00 price target on shares of Regeneron Pharmaceuticals in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Regeneron Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Guggenheim reaffirmed a “buy” rating and set a $540.00 price target on shares of Regeneron Pharmaceuticals in a research note on Monday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $500.00 price target (up from $471.00) on shares of Regeneron Pharmaceuticals in a research note on Friday, October 6th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Regeneron Pharmaceuticals presently has an average rating of “Hold” and a consensus price target of $489.73.
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In other Regeneron Pharmaceuticals news, Chairman P Roy Vagelos sold 15,191 shares of the 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 directly owns 329,543 shares of the company’s stock, valued at $154,934,641.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert E. Landry sold 189 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $501.06, for a total value of $94,700.34. Following the transaction, the chief financial officer now directly owns 10,099 shares of the company’s stock, valued at $5,060,204.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,468 shares of company stock valued at $42,312,448. 10.80% of the stock is owned by corporate insiders.
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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