Zacks: Brokerages Anticipate AMAG Pharmaceuticals, Inc. (AMAG) Will Post Earnings of $0.10 Per Share
Analysts expect AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) to report $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for AMAG Pharmaceuticals’ earnings, with estimates ranging from ($0.09) to $0.50. AMAG Pharmaceuticals posted earnings per share of $1.52 in the same quarter last year, which indicates a negative year-over-year growth rate of 93.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that AMAG Pharmaceuticals will report full year earnings of ($4.17) per share for the current financial year, with EPS estimates ranging from ($6.63) to ($1.43). For the next fiscal year, analysts forecast that the business will post earnings of ($2.33) per share, with EPS estimates ranging from ($6.91) to ($0.36). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for AMAG Pharmaceuticals.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of AMAG Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald restated a “hold” rating and issued a $21.00 price target on shares of AMAG Pharmaceuticals in a research report on Thursday, September 28th. Janney Montgomery Scott restated a “hold” rating on shares of AMAG Pharmaceuticals in a research report on Tuesday, October 17th. Morgan Stanley reduced their price target on shares of AMAG Pharmaceuticals from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of AMAG Pharmaceuticals from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.38.
Shares of AMAG Pharmaceuticals (NASDAQ:AMAG) traded up $0.70 during trading hours on Wednesday, hitting $15.30. 1,078,350 shares of the company traded hands, compared to its average volume of 1,154,300. The company has a current ratio of 1.59, a quick ratio of 1.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $539.91, a P/E ratio of -2.52 and a beta of 0.79. AMAG Pharmaceuticals has a fifty-two week low of $11.93 and a fifty-two week high of $36.60.
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About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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