NASDAQ:BMRN - BioMarin Pharmaceutical Stock Price, News, & Analysis

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$88.10 +0.05 (+0.06 %)
(As of 03/25/2019 01:48 PM ET)
Previous Close$88.05
Today's Range$86.62 - $88.96
52-Week Range$75.81 - $106.74
Volume28,861 shs
Average Volume983,030 shs
Market Capitalization$15.71 billion
P/E Ratio-267.06
Dividend YieldN/A
Beta1.53
BioMarin Pharmaceutical, Inc., a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Aldurazyme that is used for the treatment of patients with mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Firdapse for Lambert Eaton Myasthenic Syndrome. The company's commercial products also comprise Kuvan, a proprietary synthetic oral form of 6R-BH4 that is used to treat patients with phenylketonuria, an inherited metabolic disease; Naglazyme, a recombinant form of N-acetylgalactosamine 4-sulfatase for patients with mucopolysaccharidosis VI; and Vimizim, an enzyme replacement therapy for the treatment of MPS IV A, a lysosomal storage disorder. Its clinical and pre-clinical product pipeline includes pegvaliase, an enzyme substitution therapy for the treatment of phenylketonuria; vosoritide, a peptide therapeutic for the treatment of achondroplasia, a form of disproportionate short stature in humans; valoctocogene roxaparvovec, an AAV5 vector and factor VIII gene therapy drug development candidate for the treatment of severe hemophilia A; BMN 250, an investigational enzyme replacement therapy for the treatment of Sanfilippo Syndrome Type B or mucopolysaccharidosis type IIIB; and BMN 290, a selective chromatin modulation therapy for the treatment of Friedreich's ataxia. The company serves specialty pharmacies; and end-users, such as hospitals and foreign government agencies, as well as distributors and pharmaceutical wholesalers in the United States, Europe, Latin America, and internationally. BioMarin Pharmaceutical Inc. has collaboration agreements with Sarepta Therapeutics and Genzyme Corporation; and a license agreement with Asubio Pharma Co., Ltd. The company was founded in 1996 and is headquartered in San Rafael, California.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:BMRN
CUSIP09061G10
Phone415-506-6700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.49 billion
Cash Flow$0.2142 per share
Book Value$16.67 per share

Profitability

Net Income$-77,210,000.00

Miscellaneous

Employees2,849
Market Cap$15.71 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

BioMarin Pharmaceutical (NASDAQ:BMRN) Frequently Asked Questions

What is BioMarin Pharmaceutical's stock symbol?

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

How were BioMarin Pharmaceutical's earnings last quarter?

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) released its quarterly earnings data on Thursday, February, 21st. The biotechnology company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.07. The biotechnology company had revenue of $353 million for the quarter, compared to the consensus estimate of $377.35 million. BioMarin Pharmaceutical had a negative return on equity of 2.79% and a negative net margin of 5.18%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. View BioMarin Pharmaceutical's Earnings History.

When is BioMarin Pharmaceutical's next earnings date?

BioMarin Pharmaceutical is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for BioMarin Pharmaceutical.

What price target have analysts set for BMRN?

18 analysts have issued 12 month price objectives for BioMarin Pharmaceutical's shares. Their forecasts range from $81.00 to $145.00. On average, they expect BioMarin Pharmaceutical's share price to reach $114.2107 in the next year. This suggests a possible upside of 29.9% from the stock's current price. View Analyst Price Targets for BioMarin Pharmaceutical.

What is the consensus analysts' recommendation for BioMarin Pharmaceutical?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BioMarin Pharmaceutical in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for BioMarin Pharmaceutical.

What are Wall Street analysts saying about BioMarin Pharmaceutical stock?

Here are some recent quotes from research analysts about BioMarin Pharmaceutical stock:
  • 1. Cantor Fitzgerald analysts commented, ". We reiterate our OW and increase our TP to $131 from $126. We update our model to reflect Friday’s positive CHMP opinion on Palynziq: we increased our probability of EU sales from 75% to 100%. Management sounded upbeat about the EU review process on the recent earnings call and at conferences, so we don’t think the CHMP news was a major surprise to investors. We think this approval is supportive of base business revenue growth, and we model worldwide Palynziq sales of $900M ($200M of which from EU) for 2025." (3/4/2019)
  • 2. According to Zacks Investment Research, "BioMarin missed estimates for both earnings and sales in Q4. BioMarin’s key orphan disease drugs – Vimizim and Kuvan – continue to do well, on the back of strong demand trends. Its newest product, Palynziq’s U.S. launch is progressing well. Its rare disease pipeline is also progressing well. Growing pipeline focus toward gene therapy agents is encouraging However, BioMarin has suffered a few regulatory setbacks related to its pipeline candidates in the past. Further development setbacks can have a negative impact on the stock. Moreover, Naglazyme and Vimzin revenues vary on a quarterly basis, primarily owing to infrequent ordering patterns from some countries, mainly Brazil. Meanwhile, BioMarin is facing a generic threat for Kuvan in 2020. The earlier-than-expected entry of generics will be a huge blow for the company." (3/1/2019)

Has BioMarin Pharmaceutical been receiving favorable news coverage?

Media coverage about BMRN stock has been trending positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. BioMarin Pharmaceutical earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned headlines about the biotechnology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of BioMarin Pharmaceutical's key competitors?

What other stocks do shareholders of BioMarin Pharmaceutical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BioMarin Pharmaceutical investors own include Gilead Sciences (GILD), Celgene (CELG), Netflix (NFLX), Allergan (AGN), Incyte (INCY), Amgen (AMGN), Biogen (BIIB), Micron Technology (MU), Alibaba Group (BABA) and NVIDIA (NVDA).

Who are BioMarin Pharmaceutical's key executives?

BioMarin Pharmaceutical's management team includes the folowing people:
  • Mr. Jean-Jacques Bienaimé MBA, Chairman & CEO (Age 66)
  • Mr. Daniel K. Spiegelman, Exec. VP & CFO (Age 60)
  • Dr. Robert A. Baffi, Exec. VP of Technical Operations (Age 64)
  • Mr. Jeffrey Robert Ajer, Exec. VP & Chief Commercial Officer (Age 57)
  • Dr. Henry J. Fuchs, Pres of Worldwide R&D (Age 61)

Who are BioMarin Pharmaceutical's major shareholders?

BioMarin Pharmaceutical's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Jennison Associates LLC (6.51%), Geode Capital Management LLC (0.92%), venBio Select Advisor LLC (0.76%), Frontier Capital Management Co. LLC (0.76%), Norges Bank (0.67%) and Northern Trust Corp (0.66%). Company insiders that own BioMarin Pharmaceutical stock include Alan Lewis, Brian Mueller, Daniel K Spiegelman, Elaine J Heron, George Eric Davis, Henry J Fuchs, Jean Jacques Bienaime, Jeffrey Robert Ajer, Richard A Meier, Robert Baffi and V Bryan Lawlis. View Institutional Ownership Trends for BioMarin Pharmaceutical.

Which institutional investors are selling BioMarin Pharmaceutical stock?

BMRN stock was sold by a variety of institutional investors in the last quarter, including GAM Holding AG, Orbimed Advisors LLC, Mizuho Securities USA LLC, Manning & Napier Group LLC, Millennium Management LLC, First Trust Advisors LP, Sectoral Asset Management Inc and Rhenman & Partners Asset Management AB. Company insiders that have sold BioMarin Pharmaceutical company stock in the last year include Alan Lewis, Brian Mueller, Daniel K Spiegelman, Elaine J Heron, George Eric Davis, Henry J Fuchs, Jean Jacques Bienaime, Jeffrey Robert Ajer, Richard A Meier, Robert Baffi and V Bryan Lawlis. View Insider Buying and Selling for BioMarin Pharmaceutical.

Which institutional investors are buying BioMarin Pharmaceutical stock?

BMRN stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Jennison Associates LLC, Thrivent Financial for Lutherans, Sofinnova Investments Inc., Mackenzie Financial Corp, Massachusetts Financial Services Co. MA, Geode Capital Management LLC and Northern Trust Corp. View Insider Buying and Selling for BioMarin Pharmaceutical.

How do I buy shares of BioMarin Pharmaceutical?

Shares of BMRN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is BioMarin Pharmaceutical's stock price today?

One share of BMRN stock can currently be purchased for approximately $87.95.

How big of a company is BioMarin Pharmaceutical?

BioMarin Pharmaceutical has a market capitalization of $15.69 billion and generates $1.49 billion in revenue each year. The biotechnology company earns $-77,210,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis. BioMarin Pharmaceutical employs 2,849 workers across the globe.

What is BioMarin Pharmaceutical's official website?

The official website for BioMarin Pharmaceutical is http://www.bmrn.com.

How can I contact BioMarin Pharmaceutical?

BioMarin Pharmaceutical's mailing address is 770 Lindaro Street, San Rafael CA, 94901. The biotechnology company can be reached via phone at 415-506-6700 or via email at [email protected]


MarketBeat Community Rating for BioMarin Pharmaceutical (NASDAQ BMRN)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,150 (Vote Outperform)
Underperform Votes:  609 (Vote Underperform)
Total Votes:  1,759
MarketBeat's community ratings are surveys of what our community members think about BioMarin Pharmaceutical and other stocks. Vote "Outperform" if you believe BMRN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BMRN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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