ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) announced its quarterly earnings data on Wednesday. The specialty pharmaceutical company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.99 by $0.12, Bloomberg Earnings reports. The business had revenue of $48.16 million for the quarter, compared to analyst estimates of $48.12 million. ANI Pharmaceuticals had a net margin of 3.35% and a return on equity of 22.70%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share.

ANIP has been the topic of several research reports. Canaccord Genuity initiated coverage on shares of ANI Pharmaceuticals in a research report on Monday, July 31st. They issued a “buy” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded shares of ANI Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, BidaskClub upgraded shares of ANI Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. ANI Pharmaceuticals presently has a consensus rating of “Hold” and an average target price of $67.33.

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ANI Pharmaceuticals Company Profile

ANI Pharmaceuticals, Inc is an integrated specialty pharmaceutical company. The Company is engaged in developing, manufacturing and marketing branded and generic prescription pharmaceuticals. The Company focuses on areas, including controlled substances, anti-cancer (oncolytics), hormones and steroids, and complex formulations.

Earnings History for ANI Pharmaceuticals (NASDAQ:ANIP)

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