BioMarin Pharmaceutical (BMRN) Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BioMarin Pharmaceutical in the last year. There are currently 1 sell rating, 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BMRN shares.
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19 brokers have issued twelve-month price targets for BioMarin Pharmaceutical's shares. Their BMRN share price forecasts range from $74.00 to $200.00. On average, they expect the company's share price to reach $118.65 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
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BioMarin Pharmaceutical's stock was trading at $103.49 at the beginning of the year. Since then, BMRN shares have decreased by 11.4% and is now trading at $91.73.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced its quarterly earnings results on Tuesday, October, 26th. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.05. The biotechnology company earned $408.74 million during the quarter, compared to analysts' expectations of $435.29 million. BioMarin Pharmaceutical had a trailing twelve-month return on equity of 4.02% and a net margin of 3.30%. The firm's revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS.

ETFs with the largest weight of BioMarin Pharmaceutical (NASDAQ:BMRN) stock in their portfolio include Invesco Dynamic Biotechnology & Genome ETF (PBE), Global X Genomics & Biotechnology ETF (GNOM), VanEck Biotech ETF (BBH), Goldman Sachs Future Health Care Equity ETF (GDOC), First Trust NYSE Arca Biotechnology Index Fund (FBT), VictoryShares Nasdaq Next 50 ETF (QQQN), Touchstone US Large Cap Focused ETF (LCF) and Invesco Nasdaq Biotechnology ETF (IBBQ).

BioMarin Pharmaceutical issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $1.80-$2.05 for the period, compared to the consensus EPS estimate of $0.95. The company issued revenue guidance of $2.38 billion-$2.50 billion, compared to the consensus revenue estimate of $2.46 billion.

228 employees have rated BioMarin Pharmaceutical Chief Executive Officer Jean-Jacques Bienaimé on Glassdoor.com. Jean-Jacques Bienaimé has an approval rating of 94% among the company's employees. This puts Jean-Jacques Bienaimé in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 83.0% of employees surveyed would recommend working at BioMarin Pharmaceutical to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other BioMarin Pharmaceutical investors own include Puma Biotechnology (PBYI), (MDVN) (MDVN), Incyte (INCY), First Solar (FSLR), United Airlines (UAL), Dynavax Technologies (DVAX), Micron Technology (MU), Vertex Pharmaceuticals (VRTX), (KITE) (KITE) and Freeport-McMoRan (FCX).

BioMarin Pharmaceutical trades on the NASDAQ under the ticker symbol "BMRN."

BioMarin Pharmaceutical's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dodge & Cox (7.63%), Ameriprise Financial Inc. (2.63%), Avoro Capital Advisors LLC (2.10%), Baker BROS. Advisors LP (2.03%), Geode Capital Management LLC (1.42%) and Pictet Asset Management SA (1.09%). Insiders that own company stock include Brian Mueller, Charles Greg Guyer, David E I Pyott, Dennis Slamon, George Eric Davis, Henry J Fuchs, Jean Jacques Bienaime, Jeffrey Robert Ajer, Mark J Alles, Michael G Grey, Richard A Meier, V Bryan Lawlis and Willard H Dere.
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Shares of BMRN 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 BMRN stock can currently be purchased for approximately $91.73.

BioMarin Pharmaceutical (NASDAQ:BMRN) has a market capitalization of $17.22 billion and generates $2.10 billion in revenue each year. The biotechnology company earns $141.56 million in net income (profit) each year or $0.38 on an earnings per share basis.

The company employs 3,082 workers across the globe.

BioMarin Pharmaceutical's mailing address is 770 Lindaro Street, San Rafael CA, 94901. The official website for the company is www.bmrn.com. The biotechnology company can be reached via phone at (415) 506-6700, via email at ir@bmrn.com, or via fax at 415-382-7889.