Horizon Pharma PLC (HZNP) Releases Earnings Results, Beats Expectations By $0.11 EPS

Horizon Pharma PLC (HZNP) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.51. The company posted revenue of $257.38 million in the period, compared to analysts expectations of $234.99 million. The company’s revenue was up 48.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Horizon Pharma PLC. Morgan Stanley Upgraded Horizon Pharma PLC on Jul 11, 2016 to ” Equal-Weight”, Price Target of the shares are set at $24.Goldman Initiated Horizon Pharma PLC on Jun 6, 2016 to “Buy”, Price Target of the shares are set at $24.

Horizon Pharma PLC opened for trading at $19.61 and hit $20.12 on the upside on Friday, eventually ending the session at $20.1, with a gain of 3.29% or 0.64 points. The heightened volatility saw the trading volume jump to 48,01,396 shares. Company has a market cap of $3,223 M.

In a different news, on Aug 2, 2016, Jeffrey W Sherman (EVP and Chief Medical Officer) sold 2,900 shares at $20.00 per share price. According to the SEC, on Jun 15, 2016, Virinder Nohria (director) sold 25,000 shares at $17.69 per share price. On Aug 21, 2015, Thomas Watkins (director) purchased 10,000 shares at $31.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Horizon Pharma plc formerly Vidara Therapeutics International Public Limited Company is a specialty biopharmaceutical company focused on identifying developing acquiring or in-licensing and commercializing differentiated products that address unmet medical needs. The Company markets a portfolio of products in arthritis inflammation and orphan diseases. The Company’s the United States marketed products are ACTIMMUNE (interferon gamma-1b) DUEXIS (ibuprofen/famotidine) PENNSAID (diclofenac sodium topical solution) 2% w/w (PENNSAID 2%) RAYOS (prednisone) delayed-release tablets and VIMOVO (naproxen/esomeprazole magnesium). The Company developed DUEXIS and RAYOS/LODOTRA has the United States rights to VIMOVO has the United States rights to ACTIMMUNE and has the United States rights to PENNSAID 2%.

Horizon Pharma PLC

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