ANI Pharmaceuticals (ANIP) Issues Earnings Results

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ANI Pharmaceuticals (NASDAQ:ANIP) posted its earnings results on Tuesday. The specialty pharmaceutical company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12, Fidelity Earnings reports. ANI Pharmaceuticals had a return on equity of 27.76% and a net margin of 0.06%. The firm had revenue of $50.70 million during the quarter, compared to analysts’ expectations of $50.97 million. During the same period in the previous year, the firm earned $1.11 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. ANI Pharmaceuticals updated its FY18 guidance to $4.80-5.27 EPS.

Shares of ANIP stock traded up $0.83 on Wednesday, hitting $54.35. 2,858 shares of the stock were exchanged, compared to its average volume of 68,339. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.84 and a quick ratio of 2.89. The stock has a market capitalization of $613.94 million, a P/E ratio of 15.06 and a beta of 2.64. ANI Pharmaceuticals has a fifty-two week low of $48.40 and a fifty-two week high of $74.70.

Several hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its holdings in ANI Pharmaceuticals by 56.9% during the first quarter. Sei Investments Co. now owns 2,252 shares of the specialty pharmaceutical company’s stock worth $131,000 after acquiring an additional 817 shares in the last quarter. Bessemer Group Inc. bought a new stake in ANI Pharmaceuticals in the third quarter valued at approximately $138,000. Piedmont Investment Advisors LLC bought a new stake in ANI Pharmaceuticals in the second quarter valued at approximately $140,000. Truvestments Capital LLC bought a new stake in ANI Pharmaceuticals in the third quarter valued at approximately $152,000. Finally, Stifel Financial Corp bought a new stake in ANI Pharmaceuticals in the first quarter valued at approximately $215,000. 61.10% of the stock is owned by institutional investors.

ANIP has been the subject of a number of research analyst reports. Zacks Investment Research cut ANI Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. BidaskClub cut ANI Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. ValuEngine cut ANI Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Cantor Fitzgerald set a $74.00 price objective on ANI Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Canaccord Genuity set a $75.00 price objective on ANI Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, August 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $72.67.

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About ANI Pharmaceuticals

ANI Pharmaceuticals, Inc, a specialty pharmaceutical company, develops, manufactures, and markets branded and generic prescription pharmaceuticals in the United States. It focuses on producing controlled substances, anti-cancer (oncolytics), hormones and steroids, and complex formulations. The company offers Erythromycin Ethylsuccinate to treat infections; Esterified Estrogen with Methyltestosterone for treating vasomotor symptoms of menopause; Etodolac to treat pain caused by osteoarthritis, rheumatoid arthritis, and other conditions; Fenofibrate for treating hypercholesterolemia; Flecainide to treat arrhythmia; Fluvoxamine for treating obsessive-compulsive and social anxiety disorders; and hydrocortisone enema and cortenema to treat ulcerative colitis.

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Earnings History for ANI Pharmaceuticals (NASDAQ:ANIP)

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