Amgen (NASDAQ:AMGN) posted its quarterly earnings results on Tuesday. The medical research company reported $3.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.58 by $0.39, Fidelity Earnings reports. Amgen had a net margin of 34.00% and a return on equity of 71.02%. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the prior year, the company posted $3.83 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Amgen updated its FY 2019 guidance to $13.75-14.30 EPS and its FY19 guidance to 13.75-14.30 EPS.
AMGN stock traded up $8.15 during trading on Wednesday, reaching $184.60. 154,096 shares of the stock were exchanged, compared to its average volume of 2,373,673. The business’s 50 day simple moving average is $180.29. Amgen has a twelve month low of $166.30 and a twelve month high of $210.19. The company has a current ratio of 2.77, a quick ratio of 2.53 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $107.62 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.14 and a beta of 1.16.
In other Amgen news, Director Ronald D. Sugar sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $187.58, for a total transaction of $375,160.00. Following the completion of the sale, the director now directly owns 16,336 shares of the company’s stock, valued at approximately $3,064,306.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.
Amgen Inc discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of oncology/hematology, cardiovascular, inflammation, bone health, and neuroscience. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, a pegylated protein to treat cancer patients; Prolia to treat postmenopausal women with osteoporosis; Aranesp to treat anemia; Xgeva for skeletal-related events prevention; Sensipar/Mimpara products to treat sHPT in chronic kidney disease; and EPOGEN to treat a lower-than-normal number of red blood cells.
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