Amgen Inc. (NASDAQ:AMGN) – Research analysts at SVB Leerink cut their Q3 2021 earnings estimates for shares of Amgen in a note issued to investors on Tuesday, October 12th. SVB Leerink analyst G. Porges now forecasts that the medical research company will post earnings of $4.11 per share for the quarter, down from their prior estimate of $4.18. SVB Leerink has a “Hold” rating on the stock. SVB Leerink also issued estimates for Amgen’s Q4 2021 earnings at $3.54 EPS, FY2021 earnings at $15.73 EPS and FY2025 earnings at $21.97 EPS.
Amgen (NASDAQ:AMGN) last released its earnings results on Monday, August 2nd. The medical research company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.09 by $0.29. Amgen had a return on equity of 99.85% and a net margin of 22.55%. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.43 billion.
NASDAQ:AMGN opened at $203.61 on Wednesday. Amgen has a twelve month low of $200.47 and a twelve month high of $276.69. The company has a market cap of $115.62 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.55 and a beta of 0.68. The stock has a fifty day simple moving average of $219.95 and a 200-day simple moving average of $236.75. The company has a current ratio of 1.31, a quick ratio of 1.03 and a debt-to-equity ratio of 3.45.
Several hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC acquired a new stake in Amgen in the 3rd quarter valued at about $239,000. Ironwood Wealth Management LLC. raised its holdings in Amgen by 35.6% during the first quarter. Ironwood Wealth Management LLC. now owns 6,380 shares of the medical research company’s stock worth $1,587,000 after purchasing an additional 1,675 shares during the last quarter. E Fund Management Co. Ltd. acquired a new position in Amgen during the first quarter worth $1,957,000. Y Intercept Hong Kong Ltd acquired a new position in Amgen during the first quarter worth $581,000. Finally, Prudential Financial Inc. raised its holdings in Amgen by 15.6% during the first quarter. Prudential Financial Inc. now owns 567,707 shares of the medical research company’s stock worth $141,251,000 after purchasing an additional 76,486 shares during the last quarter. 74.73% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Tuesday, August 17th were paid a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Monday, August 16th. Amgen’s payout ratio is 42.41%.
Amgen, Inc is a biotechnology company, which engages in the discovery, development, manufacture and marketing of human therapeutics. Its products include the following brands: Aranesp, Aimovig, KANJINTI, EVENITY, AMGEVITA, AVSOLA, BLINCYTO, MVASI, Corlanor, Enbrel, EPOGEN, IMLYGIC, Kyprolis, Neulasta, NEUPOGEN, Nplate, Parsabiv, Prolia, Repatha, Sensipar, Vectibix, Otezla, RIABNI, and XGEVA.
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