Alkermes (ALKS) Issues FY18 Earnings Guidance

Alkermes (NASDAQ:ALKS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.23-0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.73. The company issued revenue guidance of $975 million-1.025 billion, compared to the consensus revenue estimate of $1.01 billion.

Alkermes (NASDAQ ALKS) opened at $54.69 on Wednesday. Alkermes has a twelve month low of $46.42 and a twelve month high of $64.04. The company has a market capitalization of $8,513.03, a price-to-earnings ratio of -49.27 and a beta of 1.94. The company has a quick ratio of 2.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.23.

Alkermes (NASDAQ:ALKS) last announced its earnings results on Wednesday, February 14th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.18. Alkermes had a negative return on equity of 7.27% and a negative net margin of 20.12%. The company had revenue of $275.37 million for the quarter, compared to analysts’ expectations of $251.23 million. During the same period last year, the firm earned $0.02 EPS. Alkermes’s revenue for the quarter was up 29.0% compared to the same quarter last year. analysts anticipate that Alkermes will post -0.59 earnings per share for the current year.

A number of equities analysts recently commented on ALKS shares. Credit Suisse Group set a $66.00 target price on Alkermes and gave the stock a buy rating in a report on Tuesday, November 28th. JPMorgan Chase & Co. set a $78.00 target price on Alkermes and gave the stock a buy rating in a report on Friday, October 27th. Zacks Investment Research raised Alkermes from a hold rating to a buy rating and set a $61.00 price target on the stock in a report on Monday, January 8th. Mizuho set a $81.00 price target on Alkermes and gave the company a buy rating in a report on Saturday, October 21st. Finally, BidaskClub raised Alkermes from a sell rating to a hold rating in a report on Friday, January 26th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $64.17.

In other news, SVP Laurie Keating sold 6,249 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $121.20, for a total transaction of $757,378.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane Cooke sold 6,207 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $60.22, for a total value of $373,785.54. Following the transaction, the insider now owns 80,915 shares of the company’s stock, valued at approximately $4,872,701.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,485 shares of company stock worth $8,227,502. Insiders own 5.34% of the company’s stock.

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Alkermes Company Profile

Alkermes plc is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. The Company has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system (CNS) disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).

Earnings History and Estimates for Alkermes (NASDAQ:ALKS)

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