Analysts Anticipate Regeneron Pharmaceuticals Inc (REGN) Will Post Quarterly Sales of $1.48 Billion
Wall Street brokerages expect that Regeneron Pharmaceuticals Inc (NASDAQ:REGN) will post sales of $1.48 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Regeneron Pharmaceuticals’ earnings, with the highest sales estimate coming in at $1.53 billion and the lowest estimate coming in at $1.41 billion. Regeneron Pharmaceuticals reported sales of $1.23 billion during the same quarter last year, which indicates a positive year over year growth rate of 20.3%. The business is expected to issue its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Regeneron Pharmaceuticals will report full year sales of $1.48 billion for the current year, with estimates ranging from $5.69 billion to $5.81 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.24 billion per share, with estimates ranging from $5.89 billion to $6.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Regeneron Pharmaceuticals.
Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its earnings results on Wednesday, November 8th. The biopharmaceutical company reported $3.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.83 by $0.16. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. Regeneron Pharmaceuticals had a return on equity of 25.73% and a net margin of 23.17%. Regeneron Pharmaceuticals’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $3.13 EPS.
Regeneron Pharmaceuticals (REGN) opened at $366.96 on Monday. The stock has a market capitalization of $39,430.00, a price-to-earnings ratio of 33.33, a P/E/G ratio of 1.41 and a beta of 1.52. The company has a current ratio of 3.63, a quick ratio of 3.07 and a debt-to-equity ratio of 0.12. Regeneron Pharmaceuticals has a 12-month low of $340.09 and a 12-month high of $543.55.
A number of hedge funds have recently added to or reduced their stakes in REGN. Harding Loevner LP boosted its stake in Regeneron Pharmaceuticals by 589.2% during the 3rd quarter. Harding Loevner LP now owns 3,663,548 shares of the biopharmaceutical company’s stock valued at $286,619,000 after purchasing an additional 3,131,966 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Regeneron Pharmaceuticals by 15,495.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,562,970 shares of the biopharmaceutical company’s stock valued at $767,637,000 after purchasing an additional 1,552,948 shares during the last quarter. FMR LLC boosted its stake in Regeneron Pharmaceuticals by 6.3% during the 2nd quarter. FMR LLC now owns 7,039,884 shares of the biopharmaceutical company’s stock valued at $3,457,569,000 after purchasing an additional 416,192 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Regeneron Pharmaceuticals by 500,446.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 325,355 shares of the biopharmaceutical company’s stock valued at $145,472,000 after purchasing an additional 325,290 shares during the last quarter. Finally, PointState Capital LP acquired a new position in Regeneron Pharmaceuticals during the 2nd quarter valued at about $78,199,000. Institutional investors and hedge funds own 66.63% of the company’s stock.
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About Regeneron Pharmaceuticals
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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