Alkermes - ALKS Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alkermes in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALKS shares.
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7 analysts have issued 12 month price targets for Alkermes' stock. Their ALKS share price forecasts range from $25.00 to $36.00. On average, they anticipate the company's share price to reach $29.89 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
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Alkermes' stock was trading at $23.26 on January 1st, 2022. Since then, ALKS stock has increased by 12.2% and is now trading at $26.09.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our ALKS earnings forecast.

Alkermes plc (NASDAQ:ALKS) issued its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.01. The company earned $252.36 million during the quarter, compared to analyst estimates of $271.45 million. Alkermes had a negative net margin of 11.41% and a negative trailing twelve-month return on equity of 1.10%. The firm's revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS.

Alkermes updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $0.15-$0.33 for the period, compared to the consensus earnings per share estimate of $0.20. The company issued revenue guidance of $1.07 billion-$1.12 billion, compared to the consensus revenue estimate of $1.10 billion.

119 employees have rated Alkermes Chief Executive Officer Richard F. Pops on Glassdoor.com. Richard F. Pops has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alkermes investors own include Gilead Sciences (GILD), Netflix (NFLX), Pfizer (PFE), NVIDIA (NVDA), AbbVie (ABBV), Starbucks (SBUX), Intel (INTC), Johnson & Johnson (JNJ) and Tesla (TSLA).

Alkermes trades on the NASDAQ under the ticker symbol "ALKS."

Alkermes' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.02%), BlackRock Inc. (9.43%), State Street Corp (3.94%), Hardman Johnston Global Advisors LLC (3.49%), Renaissance Technologies LLC (3.38%) and Primecap Management Co. CA (3.25%). Insiders that own company stock include Blair Curtis Jackson, Christian Todd Nichols, Craig C Hopkinson, Craig C Hopkinson, David Joseph Gaffin, David W Anstice, Emily Peterson Alva, Iain Michael Brown, Michael J Landine, Nancy Wysenski, Richard F Pops, Shane Cooke and Wendy L Dixon.
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Shares of ALKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALKS stock can currently be purchased for approximately $26.09.

Alkermes (NASDAQ:ALKS) has a market capitalization of $4.29 billion and generates $1.17 billion in revenue each year. The company earns $-48,170,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

The company employs 2,211 workers across the globe.

Alkermes' mailing address is 1 BURLINGTON ROAD CONNAUGHT HOUSE, DUBLIN L2, DUBLIN 4. The official website for the company is www.alkermes.com. The company can be reached via phone at (531) 772-8000, via email at investor_relations@alkermes.com, or via fax at 781-890-0524.