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Equity research analysts expect Jazz Pharmaceuticals plc (NASDAQ: JAZZ) to report $ 743.25 million in revenue for the current fiscal quarter, Zacks reports. Six analysts estimated Jazz Pharmaceuticals’ profit, with the lowest revenue estimate of $ 727.29 million and the highest estimate of $ 767.38 million. Jazz Pharmaceuticals reported sales of $ 562.44 million in the same quarter last year, indicating a positive growth rate of 32.1% year-over-year. The company is expected to release its next results on Tuesday, August 3.
On average, analysts expect Jazz Pharmaceuticals to report annual revenue of $ 3.11 billion for the current fiscal year, with estimates ranging from $ 3.06 billion to $ 3.14 billion. of dollars. For next year, analysts predict the company will post sales of $ 3.83 billion, with estimates ranging from $ 3.70 billion to $ 4.01 billion. Zacks sales averages are an average based on a survey of research analysts who follow Jazz Pharmaceuticals.
Jazz Pharmaceuticals (NASDAQ: JAZZ) last released its quarterly earnings data on Tuesday, May 4. The specialty pharmaceutical company reported EPS of $ 3.92 for the quarter, beating the consensus estimate of $ 3.09 by $ 0.83. Jazz Pharmaceuticals had a net margin of 21.27% and a return on equity of 22.95%. The company posted revenue of $ 607.58 million in the quarter, compared to analysts’ estimates of $ 613.07 million. During the same period of the previous year, the company achieved earnings per share of $ 0.45. Jazz Pharmaceuticals quarterly sales increased 13.6% compared to the same quarter last year.
Several brokerages have published reports on JAZZ. Zacks Investment Research downgraded Jazz Pharmaceuticals from a “custody†rating to a “strong sell†rating and set a target price of $ 150.00 for the company. in a research report on Tuesday, June 22. HC Wainwright raised its target price on Jazz Pharmaceuticals shares from $ 212.00 to $ 220.00 and assigned the company a “buy” rating in a research note on Monday, June 21. Stifel Nicolaus raised his price target for Jazz Pharmaceuticals shares from $ 195.00 to $ 202.00 and assigned the company a “buy” rating in a research note on Wednesday, April 14. TheStreet raised Jazz Pharmaceuticals shares from a “c +†rating to a “b†rating in a research note on Wednesday, May 12. Finally, Barclays increased its price target for Jazz Pharmaceuticals from $ 235.00 to $ 250.00 and rated the company as “overweight” in a report released on Tuesday, June 22. Two analysts gave the stock a sell rating, one assigned a conservation rating and fourteen a buy rating to the stock. Jazz Pharmaceuticals currently has a consensus rating of “Buy” and an average target price of $ 195.25.
Meanwhile, CEO Bruce C. Cozadd sold 1,500 shares in a trade that took place on Monday, May 3. The shares were sold at an average price of $ 164.24, for a total trade of $ 246,360.00. Following the closing of the sale, the CEO now owns 321,841 shares of the company, valued at $ 52,859,165.84. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available at this link. Additionally, CEO Bruce C. Cozadd sold 500 shares in a trade that took place on Wednesday, May 5th. The shares were sold at an average price of $ 170.00, for a total trade of $ 85,000.00. Following the sale, the CEO now directly owns 321,841 shares of the company, valued at approximately $ 54,712,970. Disclosure of this sale can be found here. 4.80% of the shares are currently held by insiders of the company.
A number of institutional investors have recently increased or reduced their stakes in the company. Sowell Financial Services LLC increased its holdings of Jazz Pharmaceuticals shares by 81.1% in the first quarter. Sowell Financial Services LLC now owns 259 shares of the specialty pharmaceutical company valued at $ 45,000 after purchasing 116 additional shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in the shares of Jazz Pharmaceuticals by 29.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 297 shares of the specialty pharmaceutical company valued at $ 49,000 after purchasing 67 additional shares in the last quarter. CWM LLC increased its stake in the shares of Jazz Pharmaceuticals by 38.0% in the first quarter. CWM LLC now owns 356 shares of the specialty pharmaceutical company valued at $ 59,000 after purchasing an additional 98 shares in the last quarter. Cutler Group LP purchased a new position in Jazz Pharmaceuticals shares in the first quarter valued at approximately $ 65,000. Finally, IndexIQ Advisors LLC increased its stake in the shares of Jazz Pharmaceuticals by 15.0% in the first quarter. IndexIQ Advisors LLC now owns 865 shares of the specialty pharmaceutical company valued at $ 142,000 after purchasing 113 additional shares in the last quarter. Institutional investors hold 92.02% of the shares of the company.
Shares of NASDAQ: JAZZ opened at $ 181.50 on Tuesday. Jazz Pharmaceuticals has a one-year low at $ 103.46 and a one-year high at $ 189.00. The company’s 50-day simple moving average is $ 176.48. The stock has a market cap of $ 10.33 billion, a price / earnings ratio of 19.90, a PEG ratio of 0.97 and a beta of 1.04. The company has a quick ratio of 4.06, a current ratio of 4.21, and a debt ratio of 0.49.
About Jazz Pharmaceuticals
Jazz Pharmaceuticals plc, a biopharmaceutical company, identifies, develops and markets pharmaceuticals for various unmet medical needs in the United States, Europe and internationally. The company has a portfolio of products and product candidates focused on areas of neuroscience, including sleep medicine and movement disorders; and in oncology, including hematologic and solid tumors.
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