Picture of Amphastar Pharmaceuticals, logo

AMPH Amphastar Pharmaceuticals, News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousMid CapContrarian

Brief: Amphastar Pharmaceuticals Q2 EPS USD 0.64

Overview

Amphastar Pharma Q2 revenue of $174.4 mln beats analyst expectations, per LSEG data

Adjusted EPS of $0.85 surpasses consensus, driven by strong BAQSIMI sales

Co announces major infrastructure investment to expand manufacturing capacity

Outlook

Company plans to quadruple manufacturing capacity at its headquarters

Amphastar aims to mitigate international supply chain risks

Company focuses on expanding U.S. manufacturing footprint

Result Drivers

BAQSIMI SALES - 21% increase in BAQSIMI sales driven by higher unit volume, per CEO Jack Zhang

INFRASTRUCTURE INVESTMENT - Largest domestic infrastructure investment announced to quadruple manufacturing capacity

EPINEPHRINE COMPETITION - Decrease in epinephrine sales due to increased competition and suppliers returning to historical distribution levels

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$174.41 mln$173.30 mln (5 Analysts)
Q2 Adjusted EPSBeat$0.85$0.74 (6 Analysts)
Q2 EPS$0.64
Q2 Adjusted Net IncomeBeat$40.89 mln$37.50 mln (6 Analysts)
Q2 Net Income$31.03 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the pharmaceuticals peer group is "buy" Wall Street's median 12-month price target for Amphastar Pharmaceuticals Inc is $32.50, about 35.9% above its August 6 closing price of $20.82 The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago Press Release: ID:nACSQhyMka (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Amphastar Pharmaceuticals,

See all news