Q4 2018 EPS Estimates for Amneal Pharmaceuticals Inc Increased by SunTrust Banks (AMRX)

Amneal Pharmaceuticals Inc (NYSE:AMRX) – Equities research analysts at SunTrust Banks boosted their Q4 2018 earnings per share estimates for Amneal Pharmaceuticals in a research report issued on Monday, November 5th. SunTrust Banks analyst J. Boris now anticipates that the company will post earnings of $0.31 per share for the quarter, up from their prior forecast of $0.30. SunTrust Banks currently has a “Hold” rating and a $15.00 price target on the stock.

Amneal Pharmaceuticals (NYSE:AMRX) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Amneal Pharmaceuticals had a positive return on equity of 6.62% and a negative net margin of 36.54%. The company had revenue of $476.50 million during the quarter, compared to analyst estimates of $486.01 million. The business’s revenue was up 87.1% compared to the same quarter last year.

Several other analysts have also commented on the company. Morgan Stanley cut their price objective on Amneal Pharmaceuticals from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 3rd. ValuEngine lowered Amneal Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Canaccord Genuity reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Amneal Pharmaceuticals in a report on Tuesday, September 4th. B. Riley lifted their price objective on Amneal Pharmaceuticals from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada raised Amneal Pharmaceuticals from a “sector perform” rating to an “outperform” rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.75.

Shares of AMRX opened at $19.75 on Thursday. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.01 and a quick ratio of 1.25. Amneal Pharmaceuticals has a one year low of $13.47 and a one year high of $24.48. The firm has a market capitalization of $6.14 billion, a P/E ratio of 32.67, a PEG ratio of 1.01 and a beta of 1.56.

Several institutional investors have recently made changes to their positions in AMRX. Fosun International Ltd purchased a new position in shares of Amneal Pharmaceuticals in the second quarter valued at about $333,013,000. FMR LLC purchased a new position in shares of Amneal Pharmaceuticals in the second quarter valued at about $130,351,000. BlackRock Inc. purchased a new position in shares of Amneal Pharmaceuticals in the second quarter valued at about $95,312,000. TPG Group Holdings SBS Advisors Inc. purchased a new position in shares of Amneal Pharmaceuticals in the second quarter valued at about $67,438,000. Finally, TCW Group Inc. purchased a new position in shares of Amneal Pharmaceuticals in the second quarter valued at about $42,390,000. Institutional investors and hedge funds own 31.84% of the company’s stock.

In other Amneal Pharmaceuticals news, CFO Bryan M. Reasons sold 11,698 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $23.65, for a total transaction of $276,657.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikita Shah sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $23.46, for a total value of $1,173,000.00. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

About Amneal Pharmaceuticals

Amneal Pharmaceuticals, Inc, a specialty pharmaceutical company, develops, manufactures, markets, and distributes generic pharmaceutical products for various dosage forms and therapeutic areas. It operates through Generic and Specialty Pharma divisions. The company's generics portfolio includes approximately 200 product families marketed in various dosage forms, such as solid oral doses comprising tablets, capsules, and powders; liquids; sterile injectables; nasal sprays; inhalation and respiratory products; ophthalmics; films; transdermal patches; and topicals, as well as soft gel, complex molecule, and drug-device combinations.

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Earnings History and Estimates for Amneal Pharmaceuticals (NYSE:AMRX)

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