BioMarin Pharmaceutical (BMRN) Set to Announce Quarterly Earnings on Wednesday

BioMarin Pharmaceutical (NASDAQ:BMRN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter.

BioMarin Pharmaceutical (NASDAQ:BMRN) last issued its earnings results on Thursday, February 22nd. The biotechnology company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). BioMarin Pharmaceutical had a negative return on equity of 3.18% and a negative net margin of 8.91%. The company had revenue of $358.31 million during the quarter, compared to analyst estimates of $346.24 million. On average, analysts expect BioMarin Pharmaceutical to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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Shares of BMRN opened at $84.42 on Thursday. BioMarin Pharmaceutical has a 52-week low of $75.81 and a 52-week high of $100.51. The firm has a market capitalization of $14,869.30, a price-to-earnings ratio of -126.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.12.



In related news, EVP George Eric Davis sold 2,105 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $79.04, for a total transaction of $166,379.20. Following the completion of the transaction, the executive vice president now directly owns 90,089 shares in the company, valued at approximately $7,120,634.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jean Jacques Bienaime sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $84.73, for a total value of $1,270,950.00. Following the transaction, the chief executive officer now owns 279,674 shares of the company’s stock, valued at $23,696,778.02. The disclosure for this sale can be found here. Insiders have sold a total of 85,269 shares of company stock valued at $7,301,002 over the last 90 days. 1.85% of the stock is currently owned by company insiders.

BMRN has been the subject of a number of recent research reports. JPMorgan Chase cut their target price on BioMarin Pharmaceutical from $131.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. BidaskClub downgraded BioMarin Pharmaceutical from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 20th. Zacks Investment Research raised BioMarin Pharmaceutical from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Tuesday, January 16th. Royal Bank of Canada reissued a “hold” rating and set a $94.00 price objective on shares of BioMarin Pharmaceutical in a research report on Tuesday, February 27th. Finally, Morgan Stanley cut their price objective on BioMarin Pharmaceutical from $115.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.34.

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About BioMarin Pharmaceutical

BioMarin Pharmaceutical, Inc, a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Aldurazyme that is used for the treatment of patients with mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Firdapse for Lambert Eaton Myasthenic Syndrome.

Earnings History for BioMarin Pharmaceutical (NASDAQ:BMRN)

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