Wall Street brokerages expect that Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) will report $76.19 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Supernus Pharmaceuticals’ earnings, with estimates ranging from $72.88 million to $79.04 million. Supernus Pharmaceuticals reported sales of $56.81 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 34.1%. The firm is expected to announce its next quarterly earnings report on Friday, January 19th.
According to Zacks, analysts expect that Supernus Pharmaceuticals will report full year sales of $76.19 million for the current fiscal year, with estimates ranging from $290.99 million to $297.51 million. For the next fiscal year, analysts expect that the business will post sales of $379.78 million per share, with estimates ranging from $371.36 million to $384.69 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Supernus Pharmaceuticals.
Supernus Pharmaceuticals (NASDAQ:SUPN) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty pharmaceutical company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The company had revenue of $75.83 million for the quarter, compared to the consensus estimate of $68.54 million. Supernus Pharmaceuticals had a net margin of 41.10% and a return on equity of 30.73%.
Several research firms recently commented on SUPN. Zacks Investment Research upgraded shares of Supernus Pharmaceuticals from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, July 13th. Piper Jaffray Companies cut shares of Supernus Pharmaceuticals from an “overweight” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Monday, July 17th. BidaskClub upgraded shares of Supernus Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Janney Montgomery Scott began coverage on shares of Supernus Pharmaceuticals in a report on Friday, July 14th. They set a “neutral” rating and a $47.00 price target for the company. Finally, Cantor Fitzgerald raised their price target on shares of Supernus Pharmaceuticals from $34.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $48.43.
In other Supernus Pharmaceuticals news, VP Padmanabh P. Bhatt sold 3,735 shares of Supernus Pharmaceuticals stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $44.90, for a total value of $167,701.50. Following the completion of the sale, the vice president now directly owns 21,209 shares in the company, valued at $952,284.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Padmanabh P. Bhatt sold 2,556 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $44.90, for a total transaction of $114,764.40. Following the completion of the sale, the vice president now owns 24,944 shares of the company’s stock, valued at $1,119,985.60. The disclosure for this sale can be found here. Insiders sold 24,291 shares of company stock valued at $962,766 over the last quarter. Corporate insiders own 6.70% of the company’s stock.
Several hedge funds have recently modified their holdings of SUPN. Meeder Asset Management Inc. boosted its stake in shares of Supernus Pharmaceuticals by 3,455.2% in the second quarter. Meeder Asset Management Inc. now owns 2,382 shares of the specialty pharmaceutical company’s stock worth $103,000 after buying an additional 2,315 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Supernus Pharmaceuticals during the first quarter worth $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Supernus Pharmaceuticals by 278.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,018 shares of the specialty pharmaceutical company’s stock worth $130,000 after buying an additional 2,220 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Supernus Pharmaceuticals by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,441 shares of the specialty pharmaceutical company’s stock worth $148,000 after buying an additional 517 shares during the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new stake in shares of Supernus Pharmaceuticals during the first quarter worth $160,000. Institutional investors and hedge funds own 94.39% of the company’s stock.
Supernus Pharmaceuticals (NASDAQ SUPN) opened at 41.70 on Wednesday. The stock has a market cap of $2.11 billion, a P/E ratio of 21.05 and a beta of 1.31. The firm’s 50-day moving average is $42.46 and its 200-day moving average is $33.49. Supernus Pharmaceuticals has a 1-year low of $17.25 and a 1-year high of $44.95.
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About Supernus Pharmaceuticals
Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. The Company offers Oxtellar XR (extended-release oxcarbazepine) and Trokendi XR (extended-release topiramate), its two treatments for patients with epilepsy.
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