Pacira Pharmaceuticals Inc. (PCRX) Expected to Announce Quarterly Sales of $74.40 Million

Equities research analysts forecast that Pacira Pharmaceuticals Inc. (NASDAQ:PCRX) will post sales of $74.40 million for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Pacira Pharmaceuticals’ earnings, with the lowest sales estimate coming in at $70.80 million and the highest estimate coming in at $78.06 million. Pacira Pharmaceuticals reported sales of $69.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The business is scheduled to issue its next earnings report on Thursday, May 3rd.

On average, analysts expect that Pacira Pharmaceuticals will report full year sales of $316.37 million for the current year, with estimates ranging from $311.40 million to $333.69 million. For the next financial year, analysts anticipate that the firm will post sales of $369.85 million per share, with estimates ranging from $343.00 million to $423.44 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Pacira Pharmaceuticals.

Pacira Pharmaceuticals (NASDAQ:PCRX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.46. The firm had revenue of $79.08 million for the quarter, compared to analysts’ expectations of $79.06 million. Pacira Pharmaceuticals had a negative net margin of 14.87% and a negative return on equity of 8.55%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS.



A number of equities research analysts recently commented on PCRX shares. HC Wainwright set a $55.00 price objective on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, January 4th. Canaccord Genuity set a $46.00 target price on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $54.00 target price on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, January 4th. Wedbush restated a “buy” rating and issued a $80.00 target price on shares of Pacira Pharmaceuticals in a report on Wednesday, December 20th. Finally, BidaskClub upgraded shares of Pacira Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.35.

NASDAQ PCRX traded down $1.10 during trading hours on Tuesday, reaching $33.45. The company’s stock had a trading volume of 1,628,686 shares, compared to its average volume of 1,212,933. Pacira Pharmaceuticals has a fifty-two week low of $26.95 and a fifty-two week high of $52.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.96 and a quick ratio of 6.22.

Hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. purchased a new position in shares of Pacira Pharmaceuticals during the 4th quarter worth about $201,000. Bouchey Financial Group Ltd purchased a new position in shares of Pacira Pharmaceuticals during the 4th quarter worth about $205,000. Twin Focus Capital Partners LLC purchased a new position in shares of Pacira Pharmaceuticals during the 4th quarter worth about $206,000. Redmile Group LLC purchased a new position in shares of Pacira Pharmaceuticals during the 4th quarter worth about $237,000. Finally, Fisher Asset Management LLC purchased a new position in shares of Pacira Pharmaceuticals during the 4th quarter worth about $241,000.

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About Pacira Pharmaceuticals

Pacira Pharmaceuticals, Inc, a specialty pharmaceutical company, develops, manufactures, and commercializes proprietary pharmaceutical products primarily for use in hospitals and ambulatory surgery centers in the United States. It develops pharmaceutical products based on its proprietary DepoFoam drug delivery technology.

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Earnings History and Estimates for Pacira Pharmaceuticals (NASDAQ:PCRX)

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