Supernus Pharmaceuticals, Inc. (SUPN) Announces Quarterly Earnings Results
Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) released its earnings results on Monday. The specialty pharmaceutical company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02, Briefing.com reports. The firm had revenue of $80.40 million for the quarter, compared to analysts’ expectations of $78.74 million. Supernus Pharmaceuticals had a return on equity of 30.73% and a net margin of 41.10%. The company’s revenue was up 41.5% compared to the same quarter last year.
Shares of Supernus Pharmaceuticals (NASDAQ SUPN) opened at $41.10 on Tuesday. Supernus Pharmaceuticals has a 12 month low of $17.25 and a 12 month high of $50.04. The stock has a market capitalization of $2,131.90, a P/E ratio of 36.89, a PEG ratio of 1.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.94.
In other news, VP Padmanabh P. Bhatt sold 3,709 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.23, for a total transaction of $167,758.07. Following the sale, the vice president now owns 17,500 shares in the company, valued at approximately $791,525. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stefan K.F. Schwabe sold 95,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $46.59, for a total value of $4,426,050.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,709 shares of company stock worth $7,223,108. Company insiders own 6.70% of the company’s stock.
Several equities research analysts have commented on the company. Stifel Nicolaus cut Supernus Pharmaceuticals from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research note on Tuesday, September 19th. They noted that the move was a valuation call. Piper Jaffray Companies restated a “hold” rating and issued a $45.00 target price on shares of Supernus Pharmaceuticals in a research note on Friday, September 8th. Cowen and Company restated a “positive” rating and issued a $50.00 target price (up previously from $40.00) on shares of Supernus Pharmaceuticals in a research note on Thursday, August 3rd. BidaskClub cut Supernus Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Janney Montgomery Scott restated a “hold” rating and issued a $47.00 target price on shares of Supernus Pharmaceuticals in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.78.
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Supernus Pharmaceuticals Company Profile
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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