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
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) released its quarterly earnings results on Tuesday, November, 6th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.07 by $0.17. The business had revenue of $165.63 million for the quarter, compared to analyst estimates of $185.36 million. Akorn had a negative net margin of 34.69% and a negative return on equity of 14.97%. View Akorn's Earnings History.
What price target have analysts set for AKRX?
6 brokers have issued 12-month price objectives for Akorn's shares. Their forecasts range from $6.00 to $34.00. On average, they expect Akorn's stock price to reach $13.20 in the next year. This suggests a possible upside of 267.7% 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?
News headlines about AKRX stock have been trending very positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Akorn earned a media sentiment score of 3.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of Akorn's key competitors?
Some companies that are related to Akorn include Xencor (XNCR), AnaptysBio (ANAB), Myokardia (MYOK), Allakos (ALLK), Zogenix (ZGNX), Corcept Therapeutics (CORT), Insmed (INSM), Madrigal Pharmaceuticals (MDGL), PTC Therapeutics (PTCT), Mallinckrodt (MNK), Portola Pharmaceuticals (PTLA), Vanda Pharmaceuticals (VNDA), Pacira Pharmaceuticals (PCRX), Zai Lab (ZLAB) and Theravance Biopharma (TBPH).
Who are Akorn's key executives?
Akorn's management team includes the folowing people:
- Mr. Rajat Rai, Chief Exec. Officer (Age 51)
- Mr. Duane A. Portwood, Exec. VP & CFO (Age 52)
- Dr. Bruce Kutinsky, Chief Operating Officer (Age 52)
- Mr. Joseph Bonaccorsi, Exec. VP, Gen. Counsel & Sec. (Age 53)
- Mr. Jonathan Kafer, Exec. VP of Sales & Marketing (Age 55)
Who are Akorn's major shareholders?
Akorn's stock is owned by many different of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.47%), Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.03%), Virtu Financial LLC (0.02%) and First Citizens Bank & Trust Co. (0.01%). 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 buying Akorn stock?
AKRX stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, State of Alaska Department of Revenue, Virtu Financial LLC, First Citizens Bank & Trust Co. and Louisiana State Employees Retirement System. 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 $3.59.
How big of a company is Akorn?
Akorn has a market capitalization of $485.65 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.
