Pacira Pharmaceuticals, Inc. (PCRX) Set to Announce Quarterly Earnings on Wednesday
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The business had revenue of $70.90 million for the quarter, compared to analyst estimates of $73.37 million. Pacira Pharmaceuticals had a negative return on equity of 12.44% and a negative net margin of 23.36%. Pacira Pharmaceuticals’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, analysts expect Pacira Pharmaceuticals to post $-0.96 EPS for the current fiscal year and $0.27 EPS for the next fiscal year.
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) opened at 32.05 on Wednesday. Pacira Pharmaceuticals, Inc. has a 12 month low of $29.81 and a 12 month high of $58.95. The firm’s market cap is $1.29 billion. The firm’s 50-day moving average price is $35.53 and its 200-day moving average price is $41.72.
Several research firms have commented on PCRX. BMO Capital Markets decreased their price objective on shares of Pacira Pharmaceuticals from $42.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, August 3rd. ValuEngine lowered shares of Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. HC Wainwright set a $59.00 price objective on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $56.00 price objective on shares of Pacira Pharmaceuticals in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Pacira Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Pacira Pharmaceuticals currently has a consensus rating of “Hold” and a consensus price target of $50.43.
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In related news, Director Paul J. Hastings sold 1,044 shares of Pacira Pharmaceuticals stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $36.15, for a total value of $37,740.60. Following the completion of the transaction, the director now directly owns 3,518 shares in the company, valued at approximately $127,175.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Stack sold 28,885 shares of Pacira Pharmaceuticals stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $36.37, for a total transaction of $1,050,547.45. Following the completion of the transaction, the chief executive officer now owns 159,164 shares of the company’s stock, valued at $5,788,794.68. The disclosure for this sale can be found here. Insiders sold a total of 33,390 shares of company stock valued at $1,215,480 over the last quarter. 6.60% of the stock is owned by company insiders.
About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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