Zacks: Brokerages Expect Adamas Pharmaceuticals (ADMS) Will Announce Quarterly Sales of $1.68 Million

Equities analysts expect Adamas Pharmaceuticals (NASDAQ:ADMS) to post $1.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Adamas Pharmaceuticals’ earnings, with the highest sales estimate coming in at $2.30 million and the lowest estimate coming in at $1.25 million. The business is scheduled to report its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Adamas Pharmaceuticals will report full year sales of $1.68 million for the current financial year, with estimates ranging from $21.70 million to $26.65 million. For the next financial year, analysts expect that the company will post sales of $81.99 million per share, with estimates ranging from $75.00 million to $89.78 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Adamas Pharmaceuticals.

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Adamas Pharmaceuticals (NASDAQ:ADMS) last announced its earnings results on Thursday, February 22nd. The specialty pharmaceutical company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($1.18) by ($0.09). The company had revenue of $0.57 million during the quarter, compared to the consensus estimate of $0.84 million. The firm’s quarterly revenue was up 1435.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.68) EPS.

A number of equities analysts have issued reports on ADMS shares. Zacks Investment Research downgraded Adamas Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Bank of America started coverage on Adamas Pharmaceuticals in a report on Tuesday, March 27th. They issued a “buy” rating and a $39.00 price objective for the company. Noble Financial reiterated a “buy” rating on shares of Adamas Pharmaceuticals in a report on Friday, February 23rd. William Blair reiterated an “outperform” rating on shares of Adamas Pharmaceuticals in a report on Wednesday, February 21st. Finally, Mizuho reiterated a “buy” rating and issued a $48.00 price objective on shares of Adamas Pharmaceuticals in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Adamas Pharmaceuticals currently has an average rating of “Buy” and a consensus target price of $42.89.

In other news, insider Rajiv Patni sold 1,252 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $25.94, for a total transaction of $32,476.88. Following the completion of the transaction, the insider now directly owns 21,515 shares in the company, valued at $558,099.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory T. Went sold 4,541 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $25.75, for a total value of $116,930.75. Following the transaction, the chief executive officer now owns 182,610 shares of the company’s stock, valued at $4,702,207.50. The disclosure for this sale can be found here. Insiders have sold 6,360 shares of company stock valued at $164,138 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its holdings in shares of Adamas Pharmaceuticals by 18.6% during the fourth quarter. Macquarie Group Ltd. now owns 890,962 shares of the specialty pharmaceutical company’s stock valued at $30,195,000 after acquiring an additional 139,934 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Adamas Pharmaceuticals by 639.3% during the third quarter. Point72 Asset Management L.P. now owns 850,165 shares of the specialty pharmaceutical company’s stock valued at $17,998,000 after acquiring an additional 735,165 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Adamas Pharmaceuticals by 13.3% during the fourth quarter. Alliancebernstein L.P. now owns 657,737 shares of the specialty pharmaceutical company’s stock valued at $22,291,000 after acquiring an additional 77,303 shares in the last quarter. Emerald Advisers Inc. PA increased its holdings in shares of Adamas Pharmaceuticals by 2.8% during the fourth quarter. Emerald Advisers Inc. PA now owns 542,897 shares of the specialty pharmaceutical company’s stock valued at $18,399,000 after acquiring an additional 14,830 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Adamas Pharmaceuticals by 632.7% during the fourth quarter. Deutsche Bank AG now owns 506,369 shares of the specialty pharmaceutical company’s stock valued at $17,159,000 after acquiring an additional 437,263 shares in the last quarter. Hedge funds and other institutional investors own 77.25% of the company’s stock.

ADMS traded down $1.21 during trading on Monday, reaching $22.94. The stock had a trading volume of 621,563 shares, compared to its average volume of 887,768. The company has a current ratio of 10.79, a quick ratio of 10.69 and a debt-to-equity ratio of 1.55. The company has a market cap of $647.39, a price-to-earnings ratio of -5.78 and a beta of 1.59. Adamas Pharmaceuticals has a one year low of $13.50 and a one year high of $44.00.

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Adamas Pharmaceuticals Company Profile

Adamas Pharmaceuticals, Inc discovers, develops, and sells therapies for chronic neurologic disorders. The company's approved/commercial product is GOCOVRI, an amantadine therapy for the treatment of levodopa-induced dyskinesia in patients with Parkinson's disease. Its partnered approved/commercial products include Namzaric (memantine hydrochloride extended-release and donepezil hydrochloride) capsules; and Namenda XR (memantine hydrochloride) extended release capsules for the treatment of moderate to severe Alzheimer's disease.

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