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 equities research analysts 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 anticipate the company's share price to reach $118.15 in the next year. This suggests a possible upside of 30.2% from the stock's current price.
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BioMarin Pharmaceutical's stock was trading at $103.49 at the beginning of 2023. Since then, BMRN shares have decreased by 12.3% and is now trading at $90.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced its quarterly earnings data on Tuesday, October, 26th. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.05. The biotechnology company earned $408.74 million during the quarter, compared to analyst estimates of $435.29 million. BioMarin Pharmaceutical had a trailing twelve-month return on equity of 3.73% and a net margin of 6.75%. The company's quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share.

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), First Trust NYSE Arca Biotechnology Index Fund (FBT), Goldman Sachs Future Health Care Equity ETF (GDOC), WisdomTree U.S. Growth & Momentum Fund (WGRO), VictoryShares Nasdaq Next 50 ETF (QQQN) and BlackRock Future Health ETF (BMED).

BioMarin Pharmaceutical issued an update on its FY 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share guidance of $1.80-$2.05 for the period, compared to the consensus estimate of $1.61. The company issued revenue guidance of $2.38 billion-$2.50 billion, compared to the consensus revenue estimate of $2.58 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 investors include Norges Bank (1.48%), Geode Capital Management LLC (1.39%), Parnassus Investments LLC (1.26%), Charles Schwab Investment Management Inc. (0.67%), California Public Employees Retirement System (0.66%) and Legal & General Group Plc (0.63%). 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 $90.74.

BioMarin Pharmaceutical (NASDAQ:BMRN) has a market capitalization of $16.93 billion and generates $2.10 billion in revenue each year. The biotechnology company earns $141.56 million in net income (profit) each year or $0.74 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.