Celgene (CELG) Scheduled to Post Quarterly Earnings on Thursday
Celgene (NASDAQ:CELG) will be issuing its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $1.94 per share for the quarter. Celgene has set its FY17 guidance at $7.30-7.35 EPS.
Celgene (NASDAQ:CELG) last announced its quarterly earnings data on Thursday, October 26th. The biopharmaceutical company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.04. Celgene had a net margin of 27.36% and a return on equity of 63.80%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the business earned $1.58 EPS. The company’s revenue was up 10.2% on a year-over-year basis. On average, analysts expect Celgene to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of Celgene (NASDAQ CELG) opened at $102.02 on Thursday. Celgene has a fifty-two week low of $94.55 and a fifty-two week high of $147.17. The firm has a market cap of $80,320.00, a price-to-earnings ratio of 24.06, a PEG ratio of 0.68 and a beta of 1.77. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.65 and a quick ratio of 3.52.
A number of hedge funds have recently added to or reduced their stakes in the stock. Castleark Management LLC purchased a new stake in Celgene during the second quarter worth about $30,282,000. Piedmont Investment Advisors LLC boosted its holdings in Celgene by 1.5% during the second quarter. Piedmont Investment Advisors LLC now owns 165,696 shares of the biopharmaceutical company’s stock worth $21,519,000 after buying an additional 2,522 shares in the last quarter. Chiron Investment Management LLC boosted its holdings in Celgene by 38.4% during the second quarter. Chiron Investment Management LLC now owns 131,800 shares of the biopharmaceutical company’s stock worth $17,117,000 after buying an additional 36,600 shares in the last quarter. Scotia Capital Inc. boosted its holdings in Celgene by 21.0% during the second quarter. Scotia Capital Inc. now owns 69,457 shares of the biopharmaceutical company’s stock worth $9,020,000 after buying an additional 12,058 shares in the last quarter. Finally, Cypress Capital Group boosted its holdings in Celgene by 12.6% during the second quarter. Cypress Capital Group now owns 39,742 shares of the biopharmaceutical company’s stock worth $5,162,000 after buying an additional 4,450 shares in the last quarter. 79.85% of the stock is currently owned by hedge funds and other institutional investors.
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Celgene Company Profile
Celgene Corporation is an integrated global biopharmaceutical company. The Company, together with its subsidiaries, is engaged in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases through solutions in protein homeostasis, immuno-oncology, epigenetics, immunology and neuro-inflammation.
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