Analysts predict that Halozyme Therapeutics, Inc. (NASDAQ:HALO) will post $104.98 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Halozyme Therapeutics’ earnings. The lowest sales estimate is $93.70 million and the highest is $119.27 million. Halozyme Therapeutics posted sales of $65.32 million in the same quarter last year, which indicates a positive year-over-year growth rate of 60.7%. The business is expected to report its next earnings results on Monday, November 1st.
On average, analysts expect that Halozyme Therapeutics will report full-year sales of $441.58 million for the current fiscal year, with estimates ranging from $421.20 million to $461.32 million. For the next year, analysts forecast that the business will report sales of $613.90 million, with estimates ranging from $583.68 million to $683.15 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Halozyme Therapeutics.
Halozyme Therapeutics (NASDAQ:HALO) last announced its quarterly earnings results on Monday, August 9th. The biopharmaceutical company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.19. The company had revenue of $136.50 million during the quarter, compared to the consensus estimate of $104.08 million. Halozyme Therapeutics had a return on equity of 230.77% and a net margin of 55.45%. Halozyme Therapeutics’s revenue for the quarter was up 147.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS.
In related news, CEO Helen Torley sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $41.11, for a total value of $2,055,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Labarre sold 40,315 shares of the company’s stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $45.70, for a total value of $1,842,395.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,315 shares of company stock worth $9,750,746. Insiders own 2.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new stake in shares of Halozyme Therapeutics during the 2nd quarter worth $52,000. Assetmark Inc. increased its holdings in Halozyme Therapeutics by 32.8% in the 1st quarter. Assetmark Inc. now owns 1,235 shares of the biopharmaceutical company’s stock valued at $51,000 after purchasing an additional 305 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Halozyme Therapeutics by 67.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,403 shares of the biopharmaceutical company’s stock valued at $57,000 after purchasing an additional 567 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Halozyme Therapeutics by 23.7% in the 1st quarter. Lazard Asset Management LLC now owns 2,502 shares of the biopharmaceutical company’s stock valued at $104,000 after purchasing an additional 480 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in Halozyme Therapeutics by 377.4% in the 1st quarter. Stephens Inc. AR now owns 2,530 shares of the biopharmaceutical company’s stock valued at $105,000 after purchasing an additional 2,000 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.
Shares of Halozyme Therapeutics stock traded up $0.42 on Tuesday, hitting $41.40. The stock had a trading volume of 714,992 shares, compared to its average volume of 1,071,711. Halozyme Therapeutics has a 52-week low of $25.17 and a 52-week high of $56.40. The company has a current ratio of 8.75, a quick ratio of 8.24 and a debt-to-equity ratio of 6.56. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 26.54 and a beta of 1.43. The company’s 50 day moving average price is $41.87 and its 200 day moving average price is $43.18.
Halozyme Therapeutics Company Profile
Halozyme Therapeutics, Inc operates as a biopharma technology platform company in the United States, Switzerland, Ireland, Belgium, Japan, and internationally. The company's products are based on the ENHANZE drug delivery technology, a patented recombinant human hyaluronidase enzyme (rHuPH20) that enables the subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids.
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