Pacira Pharmaceuticals, Inc. (PCRX) Expected to Announce Earnings of -$0.04 Per Share
Analysts predict that Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) will post earnings of ($0.04) per share for the current quarter, according to Zacks. Four analysts have made estimates for Pacira Pharmaceuticals’ earnings. The highest EPS estimate is $0.10 and the lowest is ($0.16). Pacira Pharmaceuticals reported earnings per share of $0.20 during the same quarter last year, which suggests a negative year over year growth rate of 120%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 8th.
On average, analysts expect that Pacira Pharmaceuticals will report full-year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.42) to $0.16. For the next financial year, analysts expect that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.14 to $1.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Pacira Pharmaceuticals.
Pacira Pharmaceuticals (NASDAQ:PCRX) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The firm had revenue of $70.90 million for the quarter, compared to the consensus estimate of $73.37 million. Pacira Pharmaceuticals had a negative return on equity of 12.44% and a negative net margin of 23.36%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS.
A number of analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $87.00 price objective on shares of Pacira Pharmaceuticals in a report on Wednesday, August 23rd. Mizuho restated a “buy” rating and issued a $54.00 target price on shares of Pacira Pharmaceuticals in a research note on Wednesday, July 26th. Piper Jaffray Companies restated a “buy” rating and issued a $55.00 target price on shares of Pacira Pharmaceuticals in a research note on Friday, October 27th. ValuEngine lowered Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, BidaskClub lowered Pacira Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.43.
In other Pacira Pharmaceuticals news, Director Paul J. Hastings sold 1,044 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $36.15, for a total transaction of $37,740.60. Following the sale, the director now directly owns 3,518 shares of the company’s stock, valued at $127,175.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kristen Marie Williams sold 3,461 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total value of $127,191.75. Following the sale, the chief accounting officer now directly owns 21,312 shares in the company, valued at $783,216. The disclosure for this sale can be found here. Insiders have sold 33,390 shares of company stock worth $1,215,480 over the last three months. 6.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PCRX. Oppenheimer Asset Management Inc. purchased a new stake in shares of Pacira Pharmaceuticals in the second quarter valued at approximately $114,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Pacira Pharmaceuticals by 12.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the company’s stock worth $133,000 after buying an additional 303 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Pacira Pharmaceuticals by 121.5% during the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock worth $152,000 after buying an additional 1,752 shares during the period. QS Investors LLC purchased a new stake in Pacira Pharmaceuticals during the second quarter worth $157,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Pacira Pharmaceuticals by 9.6% during the second quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock worth $165,000 after buying an additional 302 shares during the period.
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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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