$62.58 Million in Sales Expected for Amphastar Pharmaceuticals Inc (AMPH) This Quarter
Analysts expect Amphastar Pharmaceuticals Inc (NASDAQ:AMPH) to post $62.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Amphastar Pharmaceuticals’ earnings. The highest sales estimate is $67.73 million and the lowest is $56.70 million. Amphastar Pharmaceuticals posted sales of $63.54 million during the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The company is expected to issue its next quarterly earnings results on Monday, March 12th.
According to Zacks, analysts expect that Amphastar Pharmaceuticals will report full-year sales of $62.58 million for the current year, with estimates ranging from $234.00 million to $247.51 million. For the next fiscal year, analysts expect that the firm will report sales of $312.39 million per share, with estimates ranging from $299.80 million to $325.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Amphastar Pharmaceuticals.
Amphastar Pharmaceuticals (NASDAQ:AMPH) last posted its earnings results on Wednesday, November 8th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Amphastar Pharmaceuticals had a return on equity of 2.30% and a net margin of 0.12%. The business had revenue of $57.90 million for the quarter, compared to analysts’ expectations of $57.23 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year.
Amphastar Pharmaceuticals (NASDAQ:AMPH) opened at $18.28 on Friday. The company has a current ratio of 3.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.13. Amphastar Pharmaceuticals has a twelve month low of $12.05 and a twelve month high of $19.95. The stock has a market capitalization of $862.97, a PE ratio of 125.13, a P/E/G ratio of 1.32 and a beta of 1.69.
In other Amphastar Pharmaceuticals news, Director Stephen B. Shohet sold 7,862 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $18.73, for a total value of $147,255.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William J. Peters sold 3,026 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $18.56, for a total value of $56,162.56. The disclosure for this sale can be found here. Insiders have sold a total of 92,060 shares of company stock worth $1,716,956 in the last three months. Corporate insiders own 11.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in Amphastar Pharmaceuticals in the 3rd quarter valued at $400,000. Argent Capital Management LLC raised its holdings in Amphastar Pharmaceuticals by 102.6% in the 3rd quarter. Argent Capital Management LLC now owns 121,275 shares of the company’s stock valued at $2,167,000 after acquiring an additional 61,425 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in Amphastar Pharmaceuticals by 1.8% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 283,200 shares of the company’s stock valued at $5,060,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Amphastar Pharmaceuticals by 17.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,558,113 shares of the company’s stock valued at $27,844,000 after acquiring an additional 226,271 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Amphastar Pharmaceuticals by 11.6% in the 3rd quarter. Nordea Investment Management AB now owns 129,046 shares of the company’s stock valued at $2,306,000 after acquiring an additional 13,439 shares during the last quarter. Institutional investors own 44.14% of the company’s stock.
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About Amphastar Pharmaceuticals
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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