Opko Health (NASDAQ:OPK) Posts Earnings Results

Opko Health (NASDAQ:OPK) announced its earnings results on Tuesday, May 7th. The biotechnology company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.08), Briefing.com reports. Opko Health had a negative return on equity of 9.86% and a negative net margin of 19.92%. The company had revenue of $222.50 million for the quarter, compared to analyst estimates of $241.27 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year.

NASDAQ OPK traded down $0.08 on Friday, reaching $1.78. The company had a trading volume of 1,845,739 shares, compared to its average volume of 5,406,836. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 1.10. The company has a market cap of $1.11 billion, a P/E ratio of -7.10 and a beta of 1.81. Opko Health has a 12 month low of $1.82 and a 12 month high of $6.40.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Opko Health from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Barrington Research reissued a “buy” rating and set a $5.00 target price on shares of Opko Health in a report on Thursday, February 28th. Finally, ValuEngine cut Opko Health from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Opko Health has a consensus rating of “Buy” and a consensus target price of $9.25.

In other Opko Health news, CEO Phillip Md Et Al Frost bought 250,000 shares of Opko Health stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $2.45 per share, for a total transaction of $612,500.00. Following the acquisition, the chief executive officer now directly owns 3,068,951 shares in the company, valued at approximately $7,518,929.95. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Scott Fishel bought 50,000 shares of Opko Health stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $1.92 per share, for a total transaction of $96,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,463,250 shares of company stock worth $5,312,480. 42.25% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in OPK. BlackRock Inc. lifted its position in shares of Opko Health by 1.4% in the 4th quarter. BlackRock Inc. now owns 30,276,662 shares of the biotechnology company’s stock worth $91,133,000 after purchasing an additional 408,951 shares during the period. Vanguard Group Inc. boosted its holdings in Opko Health by 2.1% during the third quarter. Vanguard Group Inc. now owns 29,660,750 shares of the biotechnology company’s stock worth $102,626,000 after buying an additional 614,442 shares in the last quarter. Vanguard Group Inc boosted its holdings in Opko Health by 2.1% during the third quarter. Vanguard Group Inc now owns 29,660,750 shares of the biotechnology company’s stock worth $102,626,000 after buying an additional 614,442 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Opko Health by 11.0% during the first quarter. Geode Capital Management LLC now owns 4,527,632 shares of the biotechnology company’s stock worth $11,817,000 after buying an additional 449,235 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Opko Health by 25.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,440,784 shares of the biotechnology company’s stock worth $15,363,000 after buying an additional 897,406 shares in the last quarter. 25.36% of the stock is owned by institutional investors.

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About Opko Health

OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates BioReference Laboratories, a clinical laboratory that offers laboratory testing services.

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Earnings History for Opko Health (NASDAQ:OPK)

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