Vertex Pharmaceuticals Incorporated, a biotechnology company, develops medicines for serious diseases. The company focuses on developing and commercializing therapies for the treatment of cystic fibrosis (CF) and advancing its research and development programs. It markets ORKAMBI (lumacaftor in combination with ivacaftor) to treat patients with CF 12 years of age and older who are homozygous for the F508del mutation in their cystic fibrosis transmembrane conductance regulator (CFTR) gene; KALYDECO (ivacaftor) for the treatment of patients with CF who have specific mutations in their CFTR gene, including the G551D mutation; and SYMDEKO (tezacaftor in combination with ivacaftor) to treat patients with CF 12 years of age and older who are F508del homozygous or who have 1 mutation that is responsive to tezacaftor/ivacaftor. The company also develops VX-659 and VX-445, which are CFTR corrector compounds in Phase II clinical trial; VX-150 that is in Phase II clinical trial to treat pain; VX-128, which is in Phase I clinical trial for the treatment of pain; CTX001, an investigational gene editing treatment that is in Phase I/II trial for the treatment of beta-thalassemia and sickle cell disease; pimodivir (JNJ-63623872), which is in a Phase III clinical development program to treat influenza; and VX-210 to treat acute spinal cord injury. It sells its products primarily to specialty pharmacy providers in North America, as well as government-owned and supported customers internationally. The company has collaborations with Cystic Fibrosis Foundation Therapeutics Incorporated; CRISPR Therapeutics AG; Moderna Therapeutics, Inc.; BioAxone Biosciences, Inc.; Parion Sciences, Inc.; Merck KGaA; Janssen Pharmaceuticals, Inc; and Q-State Biosciences, Inc. The company was founded in 1989 and is headquartered in Boston, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
SymbolNASDAQ:VRTX
CUSIP92532F10
Phone617-341-6100
Debt
Debt-to-Equity Ratio0.01
Current Ratio3.67
Quick Ratio3.55
Price-To-Earnings
Trailing P/E Ratio219.61
Forward P/E Ratio70.00
P/E Growth1.87
Sales & Book Value
Annual Sales$2.49 billion
Price / Sales18.04
Cash Flow$0.9933 per share
Price / Cash176.87
Book Value$8.08 per share
Price / Book21.74
Profitability
EPS (Most Recent Fiscal Year)$0.80
Net Income$263.48 million
Net Margins15.84%
Return on Equity19.86%
Return on Assets11.88%
Miscellaneous
Employees2,300
Outstanding Shares255,560,000
Market Cap$47.40 billion
Vertex Pharmaceuticals (NASDAQ:VRTX) Frequently Asked Questions
What is Vertex Pharmaceuticals' stock symbol?
Vertex Pharmaceuticals trades on the NASDAQ under the ticker symbol "VRTX."
How will Vertex Pharmaceuticals' stock buyback program work?
Vertex Pharmaceuticals announced that its Board of Directors has approved a stock buyback program on Thursday, February 1st 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.
How were Vertex Pharmaceuticals' earnings last quarter?
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) announced its quarterly earnings data on Wednesday, July, 25th. The pharmaceutical company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.54. The pharmaceutical company earned $752.20 million during the quarter, compared to analyst estimates of $680.86 million. Vertex Pharmaceuticals had a net margin of 15.84% and a return on equity of 19.86%. The business's revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. View Vertex Pharmaceuticals' Earnings History.
When is Vertex Pharmaceuticals' next earnings date?
How can I listen to Vertex Pharmaceuticals' earnings call?
Vertex Pharmaceuticals will be holding an earnings conference call on Wednesday, October 24th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8665011537.
What price target have analysts set for VRTX?
24 Wall Street analysts have issued twelve-month price objectives for Vertex Pharmaceuticals' stock. Their forecasts range from $103.00 to $230.00. On average, they expect Vertex Pharmaceuticals' stock price to reach $196.9524 in the next year. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for Vertex Pharmaceuticals.
What is the consensus analysts' recommendation for Vertex Pharmaceuticals?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vertex Pharmaceuticals in the last year. There are currently 3 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Vertex Pharmaceuticals.
Who are some of Vertex Pharmaceuticals' key competitors?
Some companies that are related to Vertex Pharmaceuticals include AbbVie (ABBV), Eli Lilly And Co (LLY), Abbott Laboratories (ABT), Sanofi (SNY), Novo Nordisk A/S (NVO), AstraZeneca (AZN), GlaxoSmithKline (GSK), Bristol-Myers Squibb (BMY), Bayer (BAYRY), Allergan (AGN), Celgene (CELG), Shire (SHPG), Zoetis (ZTS), Regeneron Pharmaceuticals (REGN) and ASTELLAS PHARMA/ADR (ALPMY).
Who are Vertex Pharmaceuticals' key executives?
Vertex Pharmaceuticals' management team includes the folowing people:
- Mr. Jeffrey Marc Leiden, Chairman, CEO & Pres (Age 62)
- Mr. Thomas Graney, CFO & Sr. VP (Age 53)
- Mr. Ian F. Smith, Exec. VP & COO (Age 52)
- Dr. David M. Altshuler, Chief Scientific Officer & Exec. VP of Global Research (Age 53)
- Mr. Michael J. Parini, Exec. VP and Chief Legal & Admin. Officer (Age 43)
Who are Vertex Pharmaceuticals' major shareholders?
Vertex Pharmaceuticals' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include MERIAN GLOBAL INVESTORS UK Ltd (0.55%), Manning & Napier Group LLC (0.14%), Strs Ohio (0.13%), Bank of Montreal Can (0.12%), Atalanta Sosnoff Capital LLC (0.12%) and Hardman Johnston Global Advisors LLC (0.10%). Company insiders that own Vertex Pharmaceuticals stock include Amit Sachdev, David Altshuler, Ian F Smith, Jeffrey Chodakewitz, Jeffrey M Leiden, Joshua S Boger, Margaret G Mcglynn, Michael Parini, Paul M Silva, Reshma Kewalramani, Sangeeta N Bhatia, Stuart A Arbuckle and Thomas Graney. View Institutional Ownership Trends for Vertex Pharmaceuticals.
Which institutional investors are selling Vertex Pharmaceuticals stock?
VRTX stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Factory Mutual Insurance Co., Strs Ohio, Seven Eight Capital LP, Bowling Portfolio Management LLC, Manning & Napier Group LLC, Cullinan Associates Inc. and Hardman Johnston Global Advisors LLC. Company insiders that have sold Vertex Pharmaceuticals company stock in the last year include Amit Sachdev, David Altshuler, Ian F Smith, Jeffrey Chodakewitz, Jeffrey M Leiden, Margaret G Mcglynn, Michael Parini, Paul M Silva, Reshma Kewalramani, Sangeeta N Bhatia, Stuart A Arbuckle and Thomas Graney. View Insider Buying and Selling for Vertex Pharmaceuticals.
Which institutional investors are buying Vertex Pharmaceuticals stock?
VRTX stock was bought by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Bank of Montreal Can, Cornerstone Wealth Management LLC, Handelsbanken Fonder AB, Nisa Investment Advisors LLC, Aperio Group LLC, TIAA FSB and Welch & Forbes LLC. View Insider Buying and Selling for Vertex Pharmaceuticals.
How do I buy shares of Vertex Pharmaceuticals?
Shares of VRTX 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 Vertex Pharmaceuticals' stock price today?
One share of VRTX stock can currently be purchased for approximately $175.69.
How big of a company is Vertex Pharmaceuticals?
Vertex Pharmaceuticals has a market capitalization of $47.40 billion and generates $2.49 billion in revenue each year. The pharmaceutical company earns $263.48 million in net income (profit) each year or $0.80 on an earnings per share basis. Vertex Pharmaceuticals employs 2,300 workers across the globe.
What is Vertex Pharmaceuticals' official website?
How can I contact Vertex Pharmaceuticals?
Vertex Pharmaceuticals' mailing address is 50 NORTHERN AVENUE, BOSTON MA, 02210. The pharmaceutical company can be reached via phone at 617-341-6100 or via email at [email protected]
MarketBeat Community Rating for Vertex Pharmaceuticals (NASDAQ VRTX)
MarketBeat's community ratings are surveys of what our community members think about Vertex Pharmaceuticals and other stocks. Vote "Outperform" if you believe VRTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VRTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
