United Therapeutics (NASDAQ:UTHR) Issues Quarterly Earnings Results

United Therapeutics (NASDAQ:UTHRGet Rating) posted its earnings results on Wednesday. The biotechnology company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.10 by ($1.69), Briefing.com reports. United Therapeutics had a net margin of 35.27% and a return on equity of 15.82%. The company had revenue of $466.90 million during the quarter, compared to analysts’ expectations of $461.06 million. During the same quarter last year, the firm earned $3.65 EPS. United Therapeutics’s revenue for the quarter was up 4.6% on a year-over-year basis.

United Therapeutics Price Performance

Shares of UTHR stock opened at $221.65 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 8.54 and a current ratio of 8.84. United Therapeutics has a fifty-two week low of $158.38 and a fifty-two week high of $245.48. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 4.22 and a beta of 0.53. The stock’s 50-day simple moving average is $230.64 and its 200-day simple moving average is $203.12.

Analysts Set New Price Targets

UTHR has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on United Therapeutics from $223.00 to $245.00 in a research note on Tuesday, May 24th. StockNews.com lowered United Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on United Therapeutics from $225.00 to $238.00 in a research note on Tuesday, May 24th. Credit Suisse Group boosted their price target on United Therapeutics from $219.00 to $247.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 24th. Finally, Oppenheimer boosted their price target on United Therapeutics from $275.00 to $300.00 in a research note on Thursday, May 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $250.14.

Insider Buying and Selling

In related news, EVP Paul A. Mahon sold 4,552 shares of United Therapeutics stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $225.81, for a total transaction of $1,027,887.12. Following the completion of the sale, the executive vice president now owns 36,397 shares of the company’s stock, valued at $8,218,806.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Paul A. Mahon sold 6,000 shares of United Therapeutics stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $226.27, for a total transaction of $1,357,620.00. Following the completion of the sale, the executive vice president now owns 36,397 shares of the company’s stock, valued at $8,235,549.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul A. Mahon sold 4,552 shares of United Therapeutics stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $225.81, for a total value of $1,027,887.12. Following the sale, the executive vice president now directly owns 36,397 shares of the company’s stock, valued at approximately $8,218,806.57. The disclosure for this sale can be found here. Insiders sold 52,712 shares of company stock valued at $11,740,574 over the last quarter. 12.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UTHR. Wellington Management Group LLP lifted its holdings in United Therapeutics by 73.7% in the first quarter. Wellington Management Group LLP now owns 1,675,414 shares of the biotechnology company’s stock valued at $300,585,000 after acquiring an additional 710,668 shares during the period. State Street Corp lifted its holdings in United Therapeutics by 7.2% in the first quarter. State Street Corp now owns 1,626,491 shares of the biotechnology company’s stock valued at $291,809,000 after acquiring an additional 109,226 shares during the period. Mackenzie Financial Corp lifted its holdings in United Therapeutics by 183.6% in the first quarter. Mackenzie Financial Corp now owns 43,654 shares of the biotechnology company’s stock valued at $7,832,000 after acquiring an additional 28,260 shares during the period. Prudential Financial Inc. lifted its holdings in United Therapeutics by 29.7% in the first quarter. Prudential Financial Inc. now owns 92,056 shares of the biotechnology company’s stock valued at $16,516,000 after acquiring an additional 21,057 shares during the period. Finally, Walleye Capital LLC lifted its holdings in United Therapeutics by 1,012.0% in the first quarter. Walleye Capital LLC now owns 22,341 shares of the biotechnology company’s stock valued at $4,008,000 after acquiring an additional 20,332 shares during the period. 94.68% of the stock is owned by institutional investors and hedge funds.

United Therapeutics Company Profile

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United Therapeutics Corporation, a biotechnology company, engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally. Its commercial therapies include Remodulin to treat patients with pulmonary arterial hypertension (PAH) to diminish symptoms associated with exercise; Tyvaso, an inhaled formulation of prostacyclin analogue treprostinil to enhance the exercise ability in PAH patients and pulmonary hypertension associated with interstitial lung disease (PH-ILD); Orenitram, a tablet dosage form of treprostinil to enhance the exercise capacity in PAH patients; Unituxin, a monoclonal antibody for treating high-risk neuroblastoma; and Adcirca, an oral PDE-5 inhibitor to enhance the exercise ability in PAH patients.

See Also

Earnings History for United Therapeutics (NASDAQ:UTHR)

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