Halozyme Therapeutics (NASDAQ:HALO – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.05-$2.20 for the period, compared to the consensus estimate of $2.23. The company issued revenue guidance of $530.00 million-$560.00 million, compared to the consensus revenue estimate of $566.18 million.
NASDAQ HALO opened at $44.33 on Tuesday. The company has a market capitalization of $6.12 billion, a PE ratio of 14.83 and a beta of 1.24. The company has a debt-to-equity ratio of 3.03, a quick ratio of 8.42 and a current ratio of 8.85. The company has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $37.45. Halozyme Therapeutics has a 52-week low of $31.36 and a 52-week high of $46.62.
Halozyme Therapeutics (NASDAQ:HALO – Get Rating) last announced its earnings results on Tuesday, May 10th. The biopharmaceutical company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). Halozyme Therapeutics had a net margin of 92.23% and a return on equity of 132.71%. The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $128.25 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. As a group, analysts forecast that Halozyme Therapeutics will post 2.08 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Brinker Capital Investments LLC bought a new position in Halozyme Therapeutics in the 1st quarter worth about $208,000. Silvercrest Asset Management Group LLC lifted its stake in Halozyme Therapeutics by 11.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,758 shares of the biopharmaceutical company’s stock valued at $352,000 after acquiring an additional 880 shares during the period. HighTower Advisors LLC lifted its stake in Halozyme Therapeutics by 7.3% during the 1st quarter. HighTower Advisors LLC now owns 11,952 shares of the biopharmaceutical company’s stock valued at $477,000 after acquiring an additional 812 shares during the period. US Bancorp DE lifted its stake in Halozyme Therapeutics by 43.8% during the 1st quarter. US Bancorp DE now owns 12,663 shares of the biopharmaceutical company’s stock valued at $506,000 after acquiring an additional 3,859 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Halozyme Therapeutics by 31.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,826 shares of the biopharmaceutical company’s stock valued at $671,000 after acquiring an additional 4,066 shares during the period. Hedge funds and other institutional investors own 92.53% of the company’s stock.
About Halozyme Therapeutics (Get Rating)
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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