Impax Laboratories (NASDAQ: IPXL) released its earnings data on Monday. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.11. The company had revenue of $141.10 million for the quarter, compared to the consensus estimate of $127.03 million. During the same quarter last year, the company posted $0.33 earnings per share. Impax Laboratories’s revenue was down 11.0% compared to the same quarter last year.
IPXL has been the subject of a number of recent research reports. Analysts at Leerink Swann cut their price target on shares of Impax Laboratories from $24.00 to $22.00 in a research note to investors on Tuesday, January 22nd. They now have an “outperform” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Impax Laboratories from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 10th. They now have a $20.80 price target on the stock. Finally, analysts at JPMorgan Chase cut their price target on shares of Impax Laboratories from $26.00 to $24.00 in a research note to investors on Friday, December 28th. They now have a “neutral” rating on the stock.
Five research analysts have rated the stock with a buy rating, seven have given a hold rating, and one has given an underweight rating to the company. The company has an average rating of “overweight” and an average price target of $23.22.
Impax Laboratories (IPXL) traded up 0.46% on Monday, hitting $19.62. Impax Laboratories (IPXL) has a 1-year low of $18.90 and a 1-year high of $27.25. The stock’s 50-day moving average is currently $20.44. The company has a market cap of $1.296 billion and a price-to-earnings ratio of 18.27.
Impax Laboratories, Inc. (Impax) is a technology-based, specialty pharmaceutical company applying formulation and development expertise, as well as its drug delivery technology, to the development, manufacture and marketing of bioequivalent pharmaceutical products.
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