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. The Prescription Pharmaceuticals segment offers generic and branded prescription pharmaceuticals in various dosage forms, including sterile ophthalmics, injectables, and inhalants; and non-sterile oral liquids, topicals, nasal sprays, and otics. Its primary products include Akten, a topical ocular anesthetic gel; AzaSite, an antibiotic used to treat bacterial conjunctivitis; Cosopt, Cosopt PF, Betimol, and Zioptan, which are used in the treatment of glaucoma; and Xopenex inhalation solution used in the treatment or prevention of bronchospasm. The Consumer Health segment manufactures and markets OTC products for the treatment of dry eye under the TheraTears brand. It also markets other OTC consumer health products, including Mag-Ox, a magnesium supplement; and the Diabetic Tussin line of cough and cold products. In addition, this segment offers a portfolio of animal health products, such as Anased and VetaKet veterinary sedatives; Tolazine and Yobine sedative reversing agents; and Butorphic, a pain reliever. The company was founded in 1971 and is headquartered in Lake Forest, Illinois.
Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Phone847-279-6100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$841.04 million
Profitability
Miscellaneous
Employees2,308
Next Earnings Date2/28/2019 (Confirmed)
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) announced its quarterly earnings results on Thursday, August, 4th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm earned $280.70 million during the quarter, compared to analysts' expectations of $272.99 million. Akorn had a negative net margin of 34.69% and a negative return on equity of 14.97%. The company's revenue was up 27.1% compared to the same quarter last year. View Akorn's Earnings History.
When is Akorn's next earnings date?
What price target have analysts set for AKRX?
6 brokerages have issued 1-year price objectives for Akorn's shares. Their forecasts range from $6.00 to $11.00. On average, they anticipate Akorn's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 90.5% from the stock's current price. View Analyst Price Targets for Akorn.
What is the consensus analysts' recommendation for Akorn?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akorn in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akorn.
Has Akorn been receiving favorable news coverage?
Media coverage about AKRX stock has been trending somewhat positive on Saturday, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Akorn earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.
Who are some of Akorn's key competitors?
Some companies that are related to Akorn include Portola Pharmaceuticals (PTLA), Insmed (INSM), Endocyte (ECYT), Madrigal Pharmaceuticals (MDGL), Supernus Pharmaceuticals (SUPN), Enanta Pharmaceuticals (ENTA), PTC Therapeutics (PTCT), Mallinckrodt (MNK), Xencor (XNCR), The Medicines (MDCO), Biohaven Pharmaceutical (BHVN), Myokardia (MYOK), AnaptysBio (ANAB), Arrowhead Pharmaceuticals (ARWR) and Zai Lab (ZLAB).
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, Chief Commercial Officer (Age 56)
- Dr. Bruce Kutinsky, Consultant (Age 53)
- Mr. Douglas S. Boothe, Pres & CEO (Age 55)
Who are Akorn's major shareholders?
Akorn's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.52%), Dimensional Fund Advisors LP (2.11%), Millennium Management LLC (1.65%), Two Sigma Investments LP (1.40%), Bank of New York Mellon Corp (1.22%) and Northern Trust Corp (1.04%). Company insiders that own Akorn stock include Brian Tambi, Bruce Kutinsky, John N Kapoor and Joseph Bonaccorsi. View Institutional Ownership Trends for Akorn.
Which institutional investors are selling Akorn stock?
AKRX stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, American International Group Inc., Northern Trust Corp, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., MetLife Investment Advisors LLC, Bank of America Corp DE and New York State Common Retirement Fund. View Insider Buying and Selling for Akorn.
Which institutional investors are buying Akorn stock?
AKRX stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Dimensional Fund Advisors LP, Assenagon Asset Management S.A., Two Sigma Investments LP, Diag Capital Management LP, Two Sigma Advisers LP and Retirement Systems of Alabama. 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, Scottrade, Fidelity and Charles Schwab.
What is Akorn's stock price today?
One share of AKRX stock can currently be purchased for approximately $4.20.
How big of a company is Akorn?
Akorn has a market capitalization of $527.06 million and generates $841.04 million in revenue each year. Akorn employs 2,308 workers across the globe.
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.
