Jazz Pharmaceuticals (NASDAQ:JAZZ) posted its quarterly earnings data on Tuesday, May 7th. The specialty pharmaceutical company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.44, Morningstar.com reports. Jazz Pharmaceuticals had a return on equity of 27.35% and a net margin of 24.88%. The firm had revenue of $508.19 million during the quarter, compared to analysts’ expectations of $466.55 million. During the same period in the prior year, the business earned $2.98 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Jazz Pharmaceuticals updated its FY 2019 guidance to $14.30-15.00 EPS and its FY19 guidance to $14.30-15.00 EPS.
Shares of Jazz Pharmaceuticals stock traded down $2.75 during midday trading on Friday, hitting $125.25. The company had a trading volume of 13,721 shares, compared to its average volume of 477,681. The company has a quick ratio of 3.01, a current ratio of 3.15 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $7.11 billion, a P/E ratio of 10.25, a PEG ratio of 1.04 and a beta of 1.16. Jazz Pharmaceuticals has a 52-week low of $113.52 and a 52-week high of $184.00.
A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued a “buy” rating and issued a $185.00 target price on shares of Jazz Pharmaceuticals in a research note on Tuesday, February 12th. Wells Fargo & Co set a $162.00 target price on Jazz Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, March 19th. TheStreet lowered Jazz Pharmaceuticals from a “b-” rating to a “c+” rating in a research report on Tuesday, February 19th. SunTrust Banks assumed coverage on Jazz Pharmaceuticals in a research report on Tuesday, March 19th. They set a “buy” rating and a $163.00 price target for the company. Finally, ValuEngine raised Jazz Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Jazz Pharmaceuticals has a consensus rating of “Buy” and an average target price of $182.06.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JAZZ. Kornitzer Capital Management Inc. KS raised its holdings in Jazz Pharmaceuticals by 0.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 17,378 shares of the specialty pharmaceutical company’s stock worth $2,154,000 after purchasing an additional 85 shares during the period. First Hawaiian Bank raised its holdings in Jazz Pharmaceuticals by 42.2% in the 4th quarter. First Hawaiian Bank now owns 320 shares of the specialty pharmaceutical company’s stock worth $39,000 after purchasing an additional 95 shares during the period. Utah Retirement Systems raised its holdings in Jazz Pharmaceuticals by 1.0% in the 1st quarter. Utah Retirement Systems now owns 11,108 shares of the specialty pharmaceutical company’s stock worth $1,588,000 after purchasing an additional 108 shares during the period. Advisor Group Inc. raised its holdings in Jazz Pharmaceuticals by 3.3% in the 4th quarter. Advisor Group Inc. now owns 3,755 shares of the specialty pharmaceutical company’s stock worth $465,000 after purchasing an additional 120 shares during the period. Finally, Comerica Bank raised its holdings in Jazz Pharmaceuticals by 1.0% in the 4th quarter. Comerica Bank now owns 12,103 shares of the specialty pharmaceutical company’s stock worth $1,512,000 after purchasing an additional 123 shares during the period. 90.19% of the stock is currently owned by hedge funds and other institutional investors.
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Jazz Pharmaceuticals Company Profile
Jazz Pharmaceuticals plc, a biopharmaceutical company, identifies, develops, and commercializes pharmaceutical products for various unmet medical needs in the United States, Europe, and internationally. The company has a portfolio of products and product candidates with a focus in the areas of sleep and hematology/oncology.
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