Regeneron Pharmaceuticals Inc (REGN) Expected to Announce Quarterly Sales of $1.48 Billion

Wall Street analysts expect Regeneron Pharmaceuticals Inc (NASDAQ:REGN) to post $1.48 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Regeneron Pharmaceuticals’ earnings. The highest sales estimate is $1.53 billion and the lowest is $1.41 billion. Regeneron Pharmaceuticals posted sales of $1.23 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.3%. The business is expected to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Regeneron Pharmaceuticals will report full year sales of $1.48 billion for the current financial year, with estimates ranging from $5.69 billion to $5.81 billion. For the next year, analysts anticipate that the company will post sales of $6.26 billion per share, with estimates ranging from $5.89 billion to $6.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Regeneron Pharmaceuticals.

Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported $3.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.83 by $0.16. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Regeneron Pharmaceuticals had a return on equity of 25.73% and a net margin of 23.17%. Regeneron Pharmaceuticals’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.13 EPS.

Several equities analysts have commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Regeneron Pharmaceuticals in a research report on Wednesday, November 22nd. BMO Capital Markets set a $444.00 price objective on Regeneron Pharmaceuticals and gave the company a “hold” rating in a research report on Monday, November 27th. Credit Suisse Group reaffirmed a “buy” rating and issued a $485.00 price objective on shares of Regeneron Pharmaceuticals in a research report on Monday, September 11th. Citigroup cut Regeneron Pharmaceuticals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $480.00 to $380.00 in a report on Friday, December 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $540.00 target price on shares of Regeneron Pharmaceuticals in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $466.14.

In related news, Director Michael S. Brown sold 1,500 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $475.00, for a total transaction of $712,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC purchased a new stake in shares of Regeneron Pharmaceuticals during the 2nd quarter worth $130,000. Sterling Investment Advisors Ltd. lifted its stake in shares of Regeneron Pharmaceuticals by 11.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock worth $137,000 after purchasing an additional 28 shares during the last quarter. FNY Partners Fund LP lifted its stake in shares of Regeneron Pharmaceuticals by 200.0% during the 2nd quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock worth $147,000 after purchasing an additional 200 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Regeneron Pharmaceuticals during the 2nd quarter worth $206,000. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Regeneron Pharmaceuticals during the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 66.63% of the company’s stock.

Shares of Regeneron Pharmaceuticals (REGN) traded down $6.86 during trading on Friday, reaching $375.96. The company’s stock had a trading volume of 623,976 shares, compared to its average volume of 790,792. The company has a market cap of $40,390.00, a P/E ratio of 34.15, a PEG ratio of 1.50 and a beta of 1.53. The company has a quick ratio of 3.07, a current ratio of 3.63 and a debt-to-equity ratio of 0.12. Regeneron Pharmaceuticals has a 12 month low of $340.09 and a 12 month high of $543.55.

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About Regeneron Pharmaceuticals

Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.

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