Analysts Expect Repligen Co. (RGEN) Will Post Quarterly Sales of $41.37 Million
Analysts expect that Repligen Co. (NASDAQ:RGEN) will report $41.37 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Repligen’s earnings. The lowest sales estimate is $40.90 million and the highest is $42.06 million. Repligen posted sales of $25.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 61.6%. The firm is scheduled to issue its next earnings results on Wednesday, February 28th.
On average, analysts expect that Repligen will report full-year sales of $41.37 million for the current fiscal year, with estimates ranging from $140.50 million to $141.68 million. For the next fiscal year, analysts expect that the firm will post sales of $184.76 million per share, with estimates ranging from $181.63 million to $190.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Repligen.
Repligen (NASDAQ:RGEN) last announced its quarterly earnings results on Thursday, November 9th. The biotechnology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. Repligen had a net margin of 16.93% and a return on equity of 7.57%. The firm had revenue of $36.58 million during the quarter, compared to analysts’ expectations of $35.69 million. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue was up 48.2% compared to the same quarter last year.
Shares of Repligen (NASDAQ:RGEN) opened at $35.10 on Wednesday. Repligen has a 52-week low of $28.48 and a 52-week high of $46.81. The firm has a market cap of $1,530.00, a P/E ratio of 61.22, a PEG ratio of 2.31 and a beta of 1.04.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Repligen by 3.7% in the second quarter. BlackRock Inc. now owns 4,834,853 shares of the biotechnology company’s stock worth $200,355,000 after buying an additional 170,551 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Repligen by 19.8% in the second quarter. TimesSquare Capital Management LLC now owns 2,361,270 shares of the biotechnology company’s stock worth $97,851,000 after buying an additional 390,545 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Repligen by 9.7% in the second quarter. Vanguard Group Inc. now owns 1,984,393 shares of the biotechnology company’s stock worth $82,233,000 after buying an additional 175,191 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Repligen by 12.5% in the third quarter. Conestoga Capital Advisors LLC now owns 1,453,232 shares of the biotechnology company’s stock worth $55,688,000 after buying an additional 161,427 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Repligen by 6.2% in the second quarter. FMR LLC now owns 1,334,090 shares of the biotechnology company’s stock worth $55,285,000 after buying an additional 78,060 shares during the last quarter. 83.31% of the stock is owned by institutional investors.
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Repligen Company Profile
Repligen Corporation is a bioprocessing company. The Company is focused on the development, manufacture and commercialization of products used to improve the interconnected phases of the biological drug manufacturing process. The Company’s portfolio includes protein products, chromatography products, and filtration products.
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