Amgen - AMGN Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AMGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMGN, but not buy additional shares or sell existing shares.
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14 brokerages have issued 12-month price targets for Amgen's shares. Their AMGN share price forecasts range from $182.00 to $290.00. On average, they anticipate the company's share price to reach $242.64 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
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Amgen's stock was trading at $224.97 at the start of the year. Since then, AMGN stock has increased by 0.9% and is now trading at $226.97.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Amgen Inc. (NASDAQ:AMGN) issued its quarterly earnings results on Thursday, August, 4th. The medical research company reported $4.65 EPS for the quarter, beating the consensus estimate of $4.40 by $0.25. The medical research company earned $6.59 billion during the quarter, compared to the consensus estimate of $6.53 billion. Amgen had a net margin of 24.92% and a trailing twelve-month return on equity of 218.34%. Amgen's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.38 EPS.
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Amgen declared a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Thursday, August 18th will be paid a dividend of $1.94 per share on Thursday, September 8th. This represents a $7.76 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, August 17th.
Read our dividend analysis for AMGN.

Amgen (NASDAQ:AMGN) pays an annual dividend of $7.76 per share and currently has a dividend yield of 3.42%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMGN will have a dividend payout ratio of 40.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMGN.

Amgen updated its FY 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of $17.00-$18.00 for the period, compared to the consensus EPS estimate of $17.40. The company issued revenue guidance of $25.50 billion-$26.40 billion, compared to the consensus revenue estimate of $26.23 billion.

1,239 employees have rated Amgen Chief Executive Officer Robert A. Bradway on Glassdoor.com. Robert A. Bradway has an approval rating of 91% among the company's employees. This puts Robert A. Bradway in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 81.0% of employees surveyed would recommend working at Amgen to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Amgen investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Walt Disney (DIS), AT&T (T), Alibaba Group (BABA) and Home Depot (HD).

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

Amgen's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (5.47%), Primecap Management Co. CA (2.92%), FMR LLC (1.67%), Northern Trust Corp (1.36%), Deutsche Bank AG (0.91%) and Legal & General Group Plc (0.83%). Insiders that own company stock include David Piacquad, David W Meline, Jonathan P Graham, Jonathan P Graham, Nancy A Grygiel, Nancy A Grygiel, R Sanders Williams, Robert Eckert, Ronald D Sugar and Ronald D Sugar.
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Shares of AMGN 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 AMGN stock can currently be purchased for approximately $226.97.

Amgen (NASDAQ:AMGN) has a market capitalization of $121.41 billion and generates $25.98 billion in revenue each year. The medical research company earns $5.89 billion in net income (profit) each year or $11.80 on an earnings per share basis.

The company employs 24,200 workers across the globe.

Amgen's mailing address is ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA, 91320. The official website for the company is www.amgen.com. The medical research company can be reached via phone at (805) 447-1000, via email at investor.relations@amgen.com, or via fax at 805-447-1010.