Amgen Inc. (NASDAQ:AMGN) - Research analysts at Oppenheimer cut their Q2 2021 earnings per share (EPS) estimates for shares of Amgen in a research note issued on Sunday, May 2nd. Oppenheimer analyst J. Olson now forecasts that the medical research company will earn $4.01 per share for the quarter, down from their prior forecast of $4.02. Oppenheimer currently has a "Outperform" rating and a $265.00 target price on the stock. Oppenheimer also issued estimates for Amgen's FY2021 earnings at $16.08 EPS. Amgen (NASDAQ:AMGN) last issued its quarterly earnings results on Monday, April 26th. The medical research company reported $3.70 earnings per share for the quarter, missing the consensus estimate of $4.05 by ($0.35). Amgen had a net margin of 29.42% and a return on equity of 95.55%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the company posted $4.17 EPS. The company's quarterly revenue was down 4.2% on a year-over-year basis.
AMGN has been the topic of a number of other reports. Robert W. Baird reissued a "sell" rating on shares of Amgen in a report on Thursday, April 29th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $215.00 price objective on shares of Amgen in a report on Wednesday, April 28th. Barclays cut their price objective on shares of Amgen from $242.00 to $230.00 and set an "equal weight" rating for the company in a research report on Thursday, March 11th. Morgan Stanley reduced their price target on shares of Amgen from $281.00 to $278.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Atlantic Securities reaffirmed an "underweight" rating and issued a $200.00 price target on shares of Amgen in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of "Hold" and an average price target of $255.62.
Shares of NASDAQ AMGN opened at $251.30 on Wednesday. The company has a 50-day moving average price of $249.57 and a 200-day moving average price of $236.28. Amgen has a 1 year low of $210.28 and a 1 year high of $276.69. The stock has a market capitalization of $144.39 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.90 and a beta of 0.76. The company has a debt-to-equity ratio of 3.12, a current ratio of 2.28 and a quick ratio of 1.88.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 8th. Stockholders of record on Monday, May 17th will be issued a dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, May 14th. Amgen's dividend payout ratio (DPR) is presently 47.50%.
In other news, Director R Sanders Williams sold 250 shares of the firm's stock in a transaction on Monday, February 8th. The stock was sold at an average price of $237.99, for a total transaction of $59,497.50. Following the completion of the transaction, the director now directly owns 4,659 shares in the company, valued at $1,108,795.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald D. Sugar sold 1,000 shares of Amgen stock in a transaction dated Wednesday, April 14th. The stock was sold at an average price of $249.98, for a total value of $249,980.00. Following the completion of the transaction, the director now directly owns 16,927 shares of the company's stock, valued at approximately $4,231,411.46. The disclosure for this sale can be found here. Insiders sold a total of 3,250 shares of company stock worth $779,408 over the last ninety days. Insiders own 0.36% of the company's stock.
Several hedge funds and other institutional investors have recently modified their holdings of AMGN. OLD Mission Capital LLC bought a new position in Amgen during the 3rd quarter valued at about $239,000. Schonfeld Strategic Advisors LLC bought a new stake in Amgen in the 3rd quarter worth approximately $3,994,000. Rockland Trust Co. raised its stake in Amgen by 5.5% during the 4th quarter. Rockland Trust Co. now owns 5,255 shares of the medical research company's stock valued at $1,208,000 after buying an additional 272 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Amgen by 4.3% in the 4th quarter. Private Trust Co. NA now owns 12,067 shares of the medical research company's stock worth $2,774,000 after buying an additional 500 shares during the last quarter. Finally, M&R Capital Management Inc. grew its holdings in shares of Amgen by 4.3% in the fourth quarter. M&R Capital Management Inc. now owns 3,035 shares of the medical research company's stock worth $697,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 75.23% of the company's stock.
Amgen, Inc is a biotechnology company, which engages in the discovery, development, manufacture and marketing of human therapeutics. Its products include the following brands: Aranesp, BLINCYTO, Corlanor, ENBREL, EPOGEN, IMLYGIC, KYPROLIS, Neulasta, NEUPOGEN, Nplate, Parsabiv, Prolia, Repatha, Sensipar, Vectibix, and XGEVA.
Featured Story: Mutual funds are not immune from market timing
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: What is a trade deficit?7 Electric Vehicle (EV) Stocks That Have Real Juice
I’ll start with a disclaimer. You won’t see Tesla (NASDAQ:TSLA) or Nio (NYSE:NIO) on this list. And that’s not because I’m being contrarian. I just view Tesla and Nio as the known quantities in the electric vehicle sector. The goal of this presentation is to help you identify stocks that may be flying under your radar.
Many EV stocks went public in 2020 via a special purpose acquisition company (SPAC). There is both good and bad to that story. The good is that investors have many options for investing in the EV sector. Many of the companies that have entered the market are attempting to carve out a specific niche.
The potentially bad news is that these stocks are very speculative in nature. Whereas companies like Tesla and Nio have a proven (albeit recent) track record, there are things like revenue and orders that investors can analyze. With many of these newly public companies, investors are being asked to buy the story more than the stock and that is always risky.
However, in this special presentation, we’ve identified seven companies that look like they have a story that is compelling enough that investors should be rewarded in 2021.
View the "7 Electric Vehicle (EV) Stocks That Have Real Juice"