Analysts expect Pacira Pharmaceuticals Inc (NASDAQ:PCRX) to announce sales of $79.14 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Pacira Pharmaceuticals’ earnings. The lowest sales estimate is $79.00 million and the highest is $79.42 million. Pacira Pharmaceuticals reported sales of $72.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The firm is scheduled to issue its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Pacira Pharmaceuticals will report full year sales of $79.14 million for the current fiscal year, with estimates ranging from $282.76 million to $287.00 million. For the next financial year, analysts forecast that the business will post sales of $329.26 million per share, with estimates ranging from $311.89 million to $357.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Pacira Pharmaceuticals.
Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The company had revenue of $67.30 million during the quarter, compared to analysts’ expectations of $68.99 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis.
In other Pacira Pharmaceuticals news, SVP James B. Jones sold 850 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $41.11, for a total transaction of $34,943.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Kronenfeld acquired 1,000 shares of the stock in a transaction on Friday, November 10th. The shares were bought at an average price of $41.60 per share, for a total transaction of $41,600.00. Following the purchase, the director now owns 6,795 shares in the company, valued at $282,672. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 98,960 shares of company stock worth $3,868,341. Corporate insiders own 6.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PCRX. Cubist Systematic Strategies LLC increased its stake in Pacira Pharmaceuticals by 121.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock worth $152,000 after acquiring an additional 1,752 shares during the period. QS Investors LLC bought a new position in Pacira Pharmaceuticals during the 2nd quarter worth $157,000. Ameritas Investment Partners Inc. increased its stake in Pacira Pharmaceuticals by 9.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock worth $165,000 after acquiring an additional 302 shares during the period. Spectrum Management Group Inc. bought a new position in Pacira Pharmaceuticals during the 3rd quarter worth $166,000. Finally, Bouchey Financial Group Ltd bought a new position in Pacira Pharmaceuticals during the 4th quarter worth $205,000.
Shares of Pacira Pharmaceuticals (NASDAQ PCRX) opened at $36.40 on Thursday. Pacira Pharmaceuticals has a 52-week low of $29.81 and a 52-week high of $58.95. The stock has a market capitalization of $1,480.00, a P/E ratio of -27.79 and a beta of 2.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 6.99 and a quick ratio of 6.24.
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About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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