BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) – Stock analysts at Gabelli raised their FY2020 EPS estimates for BioMarin Pharmaceutical in a research report issued on Wednesday. Gabelli analyst J. He now forecasts that the biotechnology company will post earnings per share of $2.55 for the year, up from their previous estimate of $2.45. Gabelli also issued estimates for BioMarin Pharmaceutical’s FY2021 earnings at $3.30 EPS.
BioMarin Pharmaceutical (NASDAQ:BMRN) last released its quarterly earnings results on Thursday, October 26th. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. BioMarin Pharmaceutical had a negative return on equity of 4.60% and a negative net margin of 12.45%. The business had revenue of $334.18 million during the quarter, compared to analyst estimates of $347.38 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. BioMarin Pharmaceutical’s revenue for the quarter was up 19.4% on a year-over-year basis.
Shares of BioMarin Pharmaceutical (NASDAQ BMRN) opened at $93.02 on Friday. BioMarin Pharmaceutical has a fifty-two week low of $80.10 and a fifty-two week high of $100.51. The company has a quick ratio of 3.81, a current ratio of 4.91 and a debt-to-equity ratio of 0.41.
Large investors have recently bought and sold shares of the stock. Global X Management Co. LLC raised its position in BioMarin Pharmaceutical by 16.8% during the second quarter. Global X Management Co. LLC now owns 1,935 shares of the biotechnology company’s stock valued at $176,000 after purchasing an additional 279 shares during the period. Toronto Dominion Bank raised its position in BioMarin Pharmaceutical by 12.9% during the second quarter. Toronto Dominion Bank now owns 2,124 shares of the biotechnology company’s stock valued at $193,000 after purchasing an additional 243 shares during the period. Commerce Bank purchased a new stake in BioMarin Pharmaceutical during the third quarter valued at approximately $209,000. Cambridge Investment Research Advisors Inc. purchased a new stake in BioMarin Pharmaceutical during the second quarter valued at approximately $213,000. Finally, Cigna Investments Inc. New raised its position in BioMarin Pharmaceutical by 1.5% during the second quarter. Cigna Investments Inc. New now owns 2,377 shares of the biotechnology company’s stock valued at $216,000 after purchasing an additional 36 shares during the period. Institutional investors own 99.25% of the company’s stock.
In related news, EVP Robert Baffi sold 18,415 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $92.43, for a total value of $1,702,098.45. Following the sale, the executive vice president now directly owns 129,083 shares in the company, valued at $11,931,141.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP George Eric Davis sold 1,200 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $85.64, for a total value of $102,768.00. The disclosure for this sale can be found here. Insiders sold 23,136 shares of company stock worth $2,139,361 over the last quarter. 1.85% of the stock is owned by company insiders.
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).
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