BioMarin Pharmaceutical (BMRN) to Release Earnings on Thursday

BioMarin Pharmaceutical (NASDAQ:BMRN) will release its earnings data after the market closes on Thursday, February 22nd. Analysts expect BioMarin Pharmaceutical to post earnings of ($0.27) per share for the quarter.

BioMarin Pharmaceutical (BMRN) opened at $84.54 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.81 and a current ratio of 4.91. BioMarin Pharmaceutical has a one year low of $78.50 and a one year high of $100.51. The firm has a market cap of $14,850.00, a price-to-earnings ratio of -101.86 and a beta of 1.71.

A number of research analysts recently weighed in on BMRN shares. JPMorgan Chase & Co. lowered their target price on shares of BioMarin Pharmaceutical from $131.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. BidaskClub cut shares of BioMarin Pharmaceutical from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 20th. Zacks Investment Research upgraded shares of BioMarin Pharmaceutical from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Tuesday, January 16th. Wedbush restated a “neutral” rating and set a $108.00 target price on shares of BioMarin Pharmaceutical in a research note on Wednesday, November 15th. Finally, BMO Capital Markets lifted their target price on shares of BioMarin Pharmaceutical from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. BioMarin Pharmaceutical presently has an average rating of “Buy” and a consensus target price of $111.60.

In other BioMarin Pharmaceutical news, EVP George Eric Davis sold 30,000 shares of BioMarin Pharmaceutical stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $90.66, for a total value of $2,719,800.00. Following the sale, the executive vice president now directly owns 112,942 shares in the company, valued at approximately $10,239,321.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elaine J. Heron sold 800 shares of BioMarin Pharmaceutical stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $88.90, for a total transaction of $71,120.00. Following the completion of the sale, the director now owns 38,385 shares in the company, valued at $3,412,426.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,750 shares of company stock worth $8,159,588. 1.85% of the stock is currently owned by insiders.

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BioMarin Pharmaceutical Company Profile

BioMarin Pharmaceutical Inc is a biotechnology company. The Company develops and commercializes pharmaceuticals for various diseases and medical conditions. As of December 31, 2016, the Company’s therapy portfolio consisted of five products, and multiple clinical and pre-clinical product candidates. Its commercial products include Aldurazyme (laronidase) for Mucopolysaccharidosis I (MPS I), Firdapse (amifampridine phosphate) for Lambert Eaton Myasthenic Syndrome (LEMS), Kuvan (sapropterin dihydrochloride) for phenylketonuria (PKU), Naglazyme (galsulfase) for Mucopolysaccharidosis VI (MPS VI) and Vimizim (elosulfase alpha) for Mucopolysaccharidosis IV Type A (MPS IV A).

Earnings History for BioMarin Pharmaceutical (NASDAQ:BMRN)

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