Amneal Pharmaceuticals - AMRX Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amneal Pharmaceuticals in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMRX shares.
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3 equities research analysts have issued 12 month price targets for Amneal Pharmaceuticals' stock. Their AMRX share price forecasts range from $3.00 to $4.00. On average, they predict the company's share price to reach $3.67 in the next twelve months. This suggests a possible upside of 184.2% from the stock's current price.
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Amneal Pharmaceuticals' stock was trading at $1.99 on January 1st, 2023. Since then, AMRX shares have decreased by 35.2% and is now trading at $1.29.
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Amneal Pharmaceuticals saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 7,120,000 shares, a drop of 11.7% from the February 13th total of 8,060,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 7.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Amneal Pharmaceuticals, Inc. (NYSE:AMRX) issued its earnings results on Thursday, March, 2nd. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business earned $609.80 million during the quarter, compared to the consensus estimate of $579.93 million. Amneal Pharmaceuticals had a negative net margin of 5.88% and a positive trailing twelve-month return on equity of 76.11%. The company's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS.

Amneal Pharmaceuticals issued an update on its FY23 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of $0.40-0.50 for the period, compared to the consensus EPS estimate of $0.77. The company issued revenue guidance of $2.25-2.35 billion, compared to the consensus revenue estimate of $2.31 billion.

23 employees have rated Amneal Pharmaceuticals Chief Executive Officer Chirag and Chintu Patel on Glassdoor.com. Chirag and Chintu Patel has an approval rating of 91% among the company's employees. This puts Chirag and Chintu Patel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Amneal Pharmaceuticals investors own include Inovio Pharmaceuticals (INO), Teva Pharmaceutical Industries (TEVA), Cisco Systems (CSCO), Micron Technology (MU), General Electric (GE), OPKO Health (OPK), Advanced Micro Devices (AMD), NVIDIA (NVDA), AbbVie (ABBV) and Bausch Health Companies (BHC).

Amneal Pharmaceuticals trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMRX."

Amneal Pharmaceuticals' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Millennium Management LLC (1.65%), Morgan Stanley (1.39%), Norges Bank (0.89%), AQR Capital Management LLC (0.70%), Geode Capital Management LLC (0.60%) and Allspring Global Investments Holdings LLC (0.52%). Insiders that own company stock include Chirag K Patel, Gautam Patel, Jeffrey P George, John Kiely, Joseph Todisco, Nikita Shah and Tpg Gp A, Llc.
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Shares of AMRX 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 AMRX stock can currently be purchased for approximately $1.29.

Amneal Pharmaceuticals (NYSE:AMRX) has a market capitalization of $391.67 million and generates $2.21 billion in revenue each year. The company earns $-129,990,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis.

The company employs 7,600 workers across the globe.

Amneal Pharmaceuticals' mailing address is 400 CROSSING BOULEVARD, BRIDGEWATER NJ, 08807. The official website for the company is www.amneal.com. The company can be reached via phone at (908) 947-3120, via email at invest@amneal.com, or via fax at 908-947-3146.