Amarin Corporation PLC (AMRN) Expected to Post Earnings of -$0.05 Per Share

Three analysts have issued estimates for Amarin Corporation PLC's earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.06). During the same quarter in the prior year, the business posted ($0.07) earnings per share. The business's revenue for the quarter was up 37.0% on a year-over-year basis. Ameriprise Financial Inc. increased its stake in Amarin Corporation PLC by 0.9% in the first quarter. The analysts estimated mean EPS at -0.03. Tower Research Capital Ltd Liability Corp (Trc) holds 2,373 shares.

Amarin Corporation PLC (NASDAQ:AMRN) last issued its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.01. The firm had revenue of $44.95 million during the quarter, compared to analysts' expectations of $40.35 million. During the same period past year, the firm earned ($0.07) EPS. The company's revenue for the quarter was up 37.0% compared to the same quarter a year ago.

A number of other equities research analysts have also commented on the company.

Wall Street analysts are predicting that Amarin Corp Ads (NASDAQ:AMRN) will report earnings per share of $-0.05 in their quarterly report. Zacks Investment Research downgraded Amarin Corporation PLC from a "buy" rating to a "hold" rating in a report on Monday, May 8th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Amarin Corporation PLC in a research report on Monday, June 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company now has a consensus rating of "Hold" and a consensus target price of $7.35. About shares traded. Amarin Corporation plc (ADR) (NASDAQ:AMRN) has risen 76.19% since August 10, 2016 and is uptrending. A total of 1.97 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 2.42 Million shares, while its relative volume stands at 0.82. For the current quarter Amarin Corp Ads (NASDAQ:AMRN) has high EPS estimates of $-0.04 in contradiction of low EPS estimates of $-0.06. The share price has moved backward from its 20 days moving average, trading at a distance of -25.14% and stays -22.14% away from its 50 days moving average. The company has market cap of $865.18 million.

In related news, General Counsel Joseph T. Kennedy sold 307,911 shares of Amarin Corporation PLC stock in a transaction dated Monday, July 3rd. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. They now have a United States dollars 4 price target on the stock. H.C. Wainwright maintained the shares of AMRN in report on Thursday, August 3 with "Buy" rating. Raymond James Financial Services Advisors Inc. now owns 143,650 shares of the biopharmaceutical company's stock worth $460,000 after buying an additional 2,050 shares during the period. Morgan Stanley raised its stake in shares of Amarin Co. plc by 119.7% in the first quarter. Private Advisor Group LLC now owns 50,170 shares of the biopharmaceutical company's stock worth $157,000 after buying an additional 1,032 shares during the period. Renaissance Technologies LLC raised its stake in shares of Amarin Co. plc by 348.2% in the first quarter. Morgan Stanley now owns 1,138,992 shares of the biopharmaceutical company's stock worth $3,645,000 after buying an additional 620,577 shares during the period. Renaissance Technologies LLC raised its position in shares of Amarin Corporation PLC by 662.8% in the fourth quarter. Ameriprise Financial Inc. now owns 395,769 shares of the biopharmaceutical company's stock valued at $1,266,000 after buying an additional 3,413 shares in the last quarter. Perkins Capital Management Inc. now owns 41,500 shares of the biopharmaceutical company's stock valued at $167,000 after buying an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company's stock.

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