Amgen, Inc. (NASDAQ:AMGN) – Research analysts at Leerink Swann decreased their Q4 2017 earnings estimates for shares of Amgen in a research note issued on Thursday. Leerink Swann analyst G. Porges now forecasts that the medical research company will post earnings per share of $2.90 for the quarter, down from their prior forecast of $2.93. Leerink Swann also issued estimates for Amgen’s Q1 2018 earnings at $3.04 EPS, Q2 2018 earnings at $3.24 EPS, Q3 2018 earnings at $3.16 EPS and Q4 2018 earnings at $3.03 EPS.

Amgen (NASDAQ:AMGN) last announced its quarterly earnings data on Wednesday, October 25th. The medical research company reported $3.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.16. The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.75 billion. Amgen had a net margin of 35.54% and a return on equity of 29.90%. Amgen’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $3.02 EPS.

Several other brokerages have also commented on AMGN. Vetr lowered shares of Amgen from a “buy” rating to a “hold” rating and set a $184.25 price objective for the company. in a research report on Wednesday, January 3rd. Mizuho reissued a “buy” rating and set a $198.00 price target (up from $183.00) on shares of Amgen in a research report on Thursday, September 28th. Piper Jaffray Companies reissued a “buy” rating on shares of Amgen in a research report on Tuesday, January 2nd. BMO Capital Markets reissued a “hold” rating and set a $198.00 price target on shares of Amgen in a research report on Friday, October 20th. Finally, Jefferies Group reissued a “buy” rating and set a $200.00 price target on shares of Amgen in a research report on Monday, September 25th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $190.15.

Amgen (NASDAQ AMGN) opened at $187.59 on Friday. The company has a market cap of $136,170.00, a P/E ratio of 16.95, a P/E/G ratio of 2.75 and a beta of 1.36. The company has a debt-to-equity ratio of 1.05, a current ratio of 6.07 and a quick ratio of 5.72. Amgen has a 1 year low of $150.38 and a 1 year high of $191.10.

Amgen announced that its board has initiated a share repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the medical research company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 2.81%. This is a positive change from Amgen’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, February 14th. Amgen’s payout ratio is 41.55%.

In other news, Director Carbonnel Francois De sold 4,000 shares of Amgen stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $173.61, for a total transaction of $694,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sean E. Harper sold 1,525 shares of Amgen stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $185.62, for a total transaction of $283,070.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,575 shares of company stock valued at $1,508,836. Insiders own 0.19% of the company’s stock.

Large investors have recently bought and sold shares of the company. Baker Ellis Asset Management LLC acquired a new stake in Amgen in the 3rd quarter valued at $108,000. Jackson Grant Investment Advisers Inc. grew its stake in Amgen by 0.8% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 641 shares of the medical research company’s stock valued at $110,000 after acquiring an additional 5 shares during the period. Phocas Financial Corp. acquired a new stake in Amgen in the 2nd quarter valued at $110,000. Omnia Family Wealth LLC grew its stake in Amgen by 25.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 729 shares of the medical research company’s stock valued at $125,000 after acquiring an additional 147 shares during the period. Finally, Grove Bank & Trust grew its stake in Amgen by 87.4% in the 2nd quarter. Grove Bank & Trust now owns 731 shares of the medical research company’s stock valued at $126,000 after acquiring an additional 341 shares during the period. 78.48% of the stock is owned by hedge funds and other institutional investors.

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Amgen Company Profile

Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine).

Earnings History and Estimates for Amgen (NASDAQ:AMGN)

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