Akorn, Inc, a specialty generic pharmaceutical company, develops, manufactures, and markets generic and branded prescription pharmaceuticals, over-the-counter (OTC) consumer health products, and animal health pharmaceuticals in the United States and internationally. The company operates in two segments, Prescription Pharmaceuticals and Consumer Health.
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Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Phone847-279-6100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$694.02 million
Profitability
Miscellaneous
Employees2,191
Next Earnings DateN/A
OptionableOptionable
Akorn (NASDAQ:AKRX) Frequently Asked Questions
What is Akorn's stock symbol?
Akorn trades on the NASDAQ under the ticker symbol "AKRX."
How were Akorn's earnings last quarter?
Akorn, Inc. (NASDAQ:AKRX) posted its quarterly earnings results on Thursday, August, 1st. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.09. The business earned $178 million during the quarter, compared to analyst estimates of $171.97 million. Akorn had a negative net margin of 72.25% and a negative return on equity of 17.88%. The company's quarterly revenue was down 6.8% on a year-over-year basis. View Akorn's Earnings History.
What guidance has Akorn issued on next quarter's earnings?
Akorn issued an update on its FY 2019 earnings guidance on Thursday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $690-710 million, compared to the consensus revenue estimate of $692.99 million.
What price target have analysts set for AKRX?
5 analysts have issued 1-year price objectives for Akorn's shares. Their forecasts range from $4.00 to $11.00. On average, they anticipate Akorn's stock price to reach $6.80 in the next twelve months. This suggests a possible upside of 65.9% from the stock's current price. View Analyst Price Targets for Akorn.
What is the consensus analysts' recommendation for Akorn?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akorn in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Akorn.
Has Akorn been receiving favorable news coverage?
Headlines about AKRX stock have trended somewhat negative on Saturday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Akorn earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Akorn.
Are investors shorting Akorn?
Akorn saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 13,420,500 shares, an increase of 7.2% from the July 31st total of 12,520,600 shares. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 7.5 days. Approximately 14.3% of the company's stock are sold short. View Akorn's Current Options Chain.
Who are some of Akorn's key competitors?
Some companies that are related to Akorn include Portola Pharmaceuticals (PTLA), Akcea Therapeutics (AKCA), Xencor (XNCR), Cambrex (CBM), Zai Lab (ZLAB), Ligand Pharmaceuticals (LGND), Deciphera Pharmaceuticals (DCPH), Zogenix (ZGNX), Eidos Therapeutics (EIDX), Uniqure (QURE), Insmed (INSM), Prestige Consumer Healthcare (PBH), Tricida (TCDA), Heron Therapeutics (HRTX) and Nabriva Therapeutics (NBRV).
What other stocks do shareholders of Akorn own?
Who are Akorn's key executives?
Akorn's management team includes the folowing people:
- Mr. Duane A. Portwood, Exec. VP & CFO (Age 53)
- Mr. Joseph Bonaccorsi, Exec. VP, Gen. Counsel & Sec. (Age 54)
- Mr. Jonathan Kafer, Exec. VP & Chief Commercial Officer (Age 56)
- Dr. Bruce Kutinsky, Consultant (Age 53)
- Mr. Douglas S. Boothe, Pres, CEO & Direcor (Age 55)
Who are Akorn's major shareholders?
Akorn's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.17%), Vanguard Group Inc. (7.98%), Renaissance Technologies LLC (6.79%), Canyon Capital Advisors LLC (1.98%), AQR Capital Management LLC (1.72%) and Nuveen Asset Management LLC (1.69%). Company insiders that own Akorn stock include Alan D Weinstein, Brian Tambi, John N Kapoor, Joseph Bonaccorsi, Steven J Meyer and Terry Allison Rappuhn. View Institutional Ownership Trends for Akorn.
Which major investors are selling Akorn stock?
AKRX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Vanguard Group Inc., BNP Paribas Arbitrage SA, Morgan Stanley, Marshall Wace LLP, GSA Capital Partners LLP, Invesco Ltd. and Public Employees Retirement System of Ohio. View Insider Buying and Selling for Akorn.
Which major investors are buying Akorn stock?
AKRX stock was bought by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Nuveen Asset Management LLC, Renaissance Technologies LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Bogle Investment Management L P DE, Connor Clark & Lunn Investment Management Ltd. and A.R.T. Advisors LLC. Company insiders that have bought Akorn stock in the last two years include Alan D Weinstein, Joseph Bonaccorsi, Steven J Meyer and Terry Allison Rappuhn. View Insider Buying and Selling for Akorn.
How do I buy shares of Akorn?
Shares of AKRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Akorn's stock price today?
One share of AKRX stock can currently be purchased for approximately $4.10.
How big of a company is Akorn?
Akorn has a market capitalization of $515.99 million and generates $694.02 million in revenue each year. The company earns $-401,910,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis. Akorn employs 2,191 workers across the globe.View Additional Information About Akorn.
What is Akorn's official website?
How can I contact Akorn?
Akorn's mailing address is 1925 WEST FIELD COURT SUITE 300, LAKE FOREST IL, 60045. The company can be reached via phone at 847-279-6100 or via email at [email protected]
MarketBeat Community Rating for Akorn (NASDAQ AKRX)
MarketBeat's community ratings are surveys of what our community members think about Akorn and other stocks. Vote "Outperform" if you believe AKRX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKRX will underperform the S&P 500 over the long term. You may vote once every thirty days.
