Zacks: Analysts Anticipate Amarin Co. (AMRN) to Announce -$0.06 EPS

Analysts predict that Amarin Co. (NASDAQ:AMRN) will report earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Amarin’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.09). Amarin reported earnings per share of ($0.08) in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The company is expected to issue its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Amarin will report full-year earnings of ($0.33) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.19). For the next financial year, analysts anticipate that the firm will report earnings of $0.11 per share, with EPS estimates ranging from ($0.05) to $0.25. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Amarin.

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Amarin (NASDAQ:AMRN) last released its earnings results on Tuesday, February 27th. The biopharmaceutical company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The firm had revenue of $53.87 million during the quarter, compared to analysts’ expectations of $52.73 million. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the firm posted ($0.10) EPS.

AMRN has been the subject of a number of recent analyst reports. Cantor Fitzgerald set a $10.00 target price on Amarin and gave the company a “buy” rating in a research report on Tuesday, December 19th. BidaskClub upgraded Amarin from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. HC Wainwright reiterated a “buy” rating on shares of Amarin in a research report on Thursday, March 1st. Finally, Zacks Investment Research upgraded Amarin from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.75.

In related news, General Counsel Joseph T. Kennedy sold 44,857 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $3.73, for a total transaction of $167,316.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Joseph T. Kennedy sold 26,942 shares of the company’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $2.90, for a total value of $78,131.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 260,722 shares of company stock valued at $1,062,730. 3.72% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new stake in shares of Amarin during the 4th quarter worth $141,000. Hoylecohen LLC bought a new stake in shares of Amarin during the 4th quarter worth $142,000. Cubist Systematic Strategies LLC bought a new stake in shares of Amarin during the 3rd quarter worth $226,000. TD Asset Management Inc. bought a new stake in shares of Amarin during the 3rd quarter worth $285,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Amarin during the 3rd quarter worth $350,000. Institutional investors and hedge funds own 38.16% of the company’s stock.

Shares of NASDAQ:AMRN traded down $0.02 during trading on Monday, reaching $3.01. 1,353,866 shares of the company traded hands, compared to its average volume of 1,935,664. The company has a market cap of $885.72, a price-to-earnings ratio of -12.04 and a beta of 0.72. The company has a debt-to-equity ratio of -1.12, a quick ratio of 1.13 and a current ratio of 1.41. Amarin has a 52 week low of $2.82 and a 52 week high of $4.60.

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Amarin Company Profile

Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company's lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia.

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Earnings History and Estimates for Amarin (NASDAQ:AMRN)

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