Amgen Company Profile (NASDAQ:AMGN)

Amgen trades on the NASDAQ under the ticker symbol "AMGN."

Amgen declared a quarterly dividend on Friday, July 28th. Investors of record on Thursday, August 17th will be given a dividend of $1.15 per share on Friday, September 8th. This represents a $4.60 dividend on an annualized basis and a yield of 2.64%. View Amgen's Dividend History.

Amgen Inc. (NASDAQ:AMGN) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $3.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.11 by $0.16. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.67 billion. Amgen had a net margin of 35.46% and a return on equity of 29.85%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.84 earnings per share. View Amgen's Earnings History.

Amgen is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Amgen.

22 brokerages have issued 1-year price objectives for Amgen's stock. Their predictions range from $161.00 to $209.00. On average, they anticipate Amgen's stock price to reach $187.39 in the next twelve months. View Analyst Ratings for Amgen.

Here are some recent quotes from research analysts about Amgen stock:

• 1. Cann analysts commented, "Amgen reported GAAP earnings per share of $2.91, which is 3.2% higher than our estimate of $2.83. Earnings exceeded our expectations due to higher than estimated product sales and a lower than estimated tax rate. Higher than estimated product sales were primarily driven by higher sales of Aranesp, Kyprolis, Blincyto, and Sensipar. Nearly all of Amgen’s products exceeded our estimates for International sales. Total product sales of $5.57 billion exceeded our estimated $5.47 billion by 1.8% and exceeded consensus product sales by 2.7%." (7/26/2017)
• 2. Cowen and Company analysts commented, "Amgen reported Q1 Revenue of $5.46B (-1% Y/Y, vs. consensus of $5.61BE) and." (4/27/2017)
• 3. BMO Capital Markets analysts commented, "We expect the overall survival (OS) benefit in relapsed myeloma patients to enable Kyprolis to grow in the face of generic competition for Velcade. Upside, however, is in our opinion dependent on data in combination with Revlimid+dex (ECOG Ph3) in newly-diagnosed patients given failure of CLARION. Anecdotal data suggests that Darzalex is best suited in IMiD and proteasome inhibitor failures given lack of response of these agents in patients failing Darzalex." (3/6/2017)
• 4. According to Zacks Investment Research, "Amgen growth products – Prolia, Xgeva, Vectibix, Nplate and Sensipar – are performing well. Amgen’s restructuring plan should make it leaner and more cost efficient. Amgen is also progressing with its pipeline given quite a few regulatory and data updates scheduled for the coming quarters. Amgen has a positive record of earnings surprises in recent quarters. Amgen’s shares surpassed that of Biomed-Genetics industry in 2016. However, the company has some challenges in store given the presence of biosimilar competition and slowdown in sales of mature products. Biosimilars are starting to have a negative impact on key products like Neupogen and Neulasta in the EU. Moreover, minimal sales price increases and stiff competition can hurt blockbuster Enbrel sales in 2017. Estimates have also declined lately ahead of the company’s Q4 earnings release." (1/3/2017)

Some companies that are related to Amgen include Celgene Corporation (CELG), Gilead Sciences (GILD), Regeneron Pharmaceuticals (REGN), Vertex Pharmaceuticals Incorporated (VRTX), Exelixis (EXEL), TESARO (TSRO), BIOVERATIV INC (BIVV), Kite Pharma (KITE), Clovis Oncology (CLVS), Neurocrine Biosciences (NBIX), bluebird bio (BLUE), Intercept Pharmaceuticals (ICPT), Juno Therapeutics (JUNO), GW Pharmaceuticals PLC (GWPH), Ultragenyx Pharmaceutical (RARE), BeiGene (BGNE), China Biologic Products (CBPO) and Agios Pharmaceuticals (AGIO).

Amgen's management team includes the folowing people:

• Robert A. Bradway, Chairman of the Board, President, Chief Executive Officer
• David W. Meline, Executive Vice President, Chief Financial Officer
• Sean E. Harper, Executive Vice President - Research and Development
• Anthony C. Hooper, Executive Vice President - Global Commercial Operations
• Brian M. McNamee, Executive Vice President - Full Potential Initiatives
• Esteban Santos, Executive Vice President, Operations
• Cynthia M. Patton, Senior Vice President, Chief Compliance Officer
• Jonathan P. Graham, Senior Vice President, General Counsel, Secretary
• Lori A. Johnston, Senior Vice President
• David A. Piacquad, Senior Vice President - Business Development

Amgen's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.37%), APG Asset Management N.V. (0.22%), Flossbach Von Storch AG (0.18%), NN Investment Partners Holdings N.V. (0.12%), Smead Capital Management Inc. (0.10%) and US Bancorp DE (0.10%). Company insiders that own Amgen stock include Annette Louise Such, Carbonnel Francois De, Cynthia M Patton, David Baltimore, Fred Hassan, Madhavan Balachandran and Sean E Harper. View Institutional Ownership Trends for Amgen.

Amgen's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Assenagon Asset Management S.A., Bank of Montreal Can, NN Investment Partners Holdings N.V., ING Groep NV, Boston Advisors LLC, Douglas Lane & Associates LLC and Russell Investments Group Ltd.. Company insiders that have sold Amgen stock in the last year include Annette Louise Such and Cynthia M Patton. View Insider Buying and Selling for Amgen.

Amgen's stock was bought by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, First Quadrant L P CA, Mn Services Vermogensbeheer B.V., Flossbach Von Storch AG, Ferguson Wellman Capital Management Inc., Grimes & Company Inc., National Pension Service and Manning & Napier Advisors LLC. View Insider Buying and Selling for Amgen.

Shares of Amgen can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Amgen stock can currently be purchased for approximately $174.54.