Zacks: Analysts Anticipate Pacira Pharmaceuticals, Inc. (PCRX) Will Announce Quarterly Sales of $73.71 Million
Wall Street brokerages expect that Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) will post sales of $73.71 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pacira Pharmaceuticals’ earnings. The highest sales estimate is $74.00 million and the lowest is $73.34 million. Pacira Pharmaceuticals reported sales of $68.36 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.8%. The firm is scheduled to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Pacira Pharmaceuticals will report full year sales of $73.71 million for the current financial year, with estimates ranging from $292.00 million to $305.83 million. For the next fiscal year, analysts expect that the business will post sales of $385.78 million per share, with estimates ranging from $370.20 million to $415.60 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Pacira Pharmaceuticals.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The firm had revenue of $70.90 million for the quarter, compared to analyst estimates of $73.37 million. Pacira Pharmaceuticals had a negative net margin of 23.36% and a negative return on equity of 12.44%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share.
A number of research firms recently issued reports on PCRX. Jefferies Group LLC reiterated a “buy” rating and set a $59.00 price objective on shares of Pacira Pharmaceuticals in a report on Thursday. CIBC started coverage on Pacira Pharmaceuticals in a research report on Thursday. They set a “market perform” rating for the company. Oppenheimer Holdings, Inc. started coverage on Pacira Pharmaceuticals in a research report on Thursday. They set a “market perform” rating for the company. UBS AG started coverage on Pacira Pharmaceuticals in a research report on Wednesday. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $54.00 price target on shares of Pacira Pharmaceuticals in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.92.
Shares of Pacira Pharmaceuticals (NASDAQ PCRX) opened at 37.10 on Friday. The stock’s 50 day moving average price is $38.04 and its 200 day moving average price is $44.70. The firm’s market capitalization is $1.50 billion. Pacira Pharmaceuticals has a one year low of $29.95 and a one year high of $58.95.
In other Pacira Pharmaceuticals news, CAO Kristen Marie Williams sold 3,461 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total transaction of $127,191.75. Following the transaction, the chief accounting officer now owns 21,312 shares in the company, valued at approximately $783,216. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Hastings sold 1,044 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $36.15, for a total value of $37,740.60. Following the transaction, the director now owns 3,518 shares in the company, valued at approximately $127,175.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,390 shares of company stock valued at $1,215,480. 6.60% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in Pacira Pharmaceuticals during the 2nd quarter worth $114,000. Benjamin F. Edwards & Company Inc. increased its stake in Pacira Pharmaceuticals by 12.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the company’s stock worth $133,000 after acquiring an additional 303 shares during the period. FNY Partners Fund LP bought a new position in Pacira Pharmaceuticals during the 1st quarter worth $136,000. Ameritas Investment Partners Inc. bought a new position in Pacira Pharmaceuticals during the 1st quarter worth $144,000. Finally, Cubist Systematic Strategies LLC increased its stake in Pacira Pharmaceuticals by 121.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock worth $152,000 after acquiring an additional 1,752 shares during the period.
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Pacira Pharmaceuticals Company Profile
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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