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 period past year, the business posted ($0.07) earnings per share. It has Quarterly performance and year to date performance of 7.95% and 5.84% respectively. UBS Group AG boosted its position in Amarin Corporation PLC by 7.4% in the first quarter. For the next fiscal year, analysts expect that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.11) to $0.24. AMRN was included in 9 notes of analysts from May 12, 2016. The Return on Investment (ROI) ratio of Amarin Corporation plc (AMRN) is -91.1 percent. Comparatively, AMRN posted earnings of $0 per share in the same quarter, a year earlier. The company had revenue of $44.95 million for the quarter, compared to analyst estimates of $40.35 million. Amarin Corporation PLC's revenue for the quarter was up 37.0% on a year-over-year basis. Polaris Greystone Fincl Group Ltd Limited Liability Company has invested 0.01% in Amarin Corporation plc (ADR) (NASDAQ:AMRN).
BidaskClub downgraded shares of Amarin Corporation PLC (NASDAQ:AMRN) from a hold rating to a sell rating in a report issued on Friday morning. Citigroup initiated Amarin Corporation plc (ADR) (NASDAQ:AMRN) on Wednesday, October 19 with "Buy" rating. HC Wainwright reiterated a "buy" rating and set a $10.00 target price on shares of Amarin Corporation PLC in a research report on Thursday, June 1st. Finally, Cantor Fitzgerald set a $5.00 price target on shares of Amarin Corporation PLC and gave the company a "buy" rating in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Also, the current price highlights a discount of 212.5% to analysts' high consensus price target.
Amarin Corporation plc (NASDAQ:AMRN) stock has moved in a downward direction this week, causing concern for some investors.
The counter witnessed a trading volume of 2.63 million shares versus an average volume of 2.42 million shares during last trading session. Fmr Ltd holds 0% of its portfolio in Amarin Corporation plc (ADR) (NASDAQ:AMRN) for 2.04M shares. 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 firm's market cap is $912.59 million.
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In other Amarin Co. plc news, General Counsel Joseph T. Kennedy sold 307,911 shares of the firm's stock in a transaction that occurred on Monday, July 3rd. They now have a United States dollars 1.5 price target on the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The stock had previously closed at $3.29, but opened at $3.57. Quantitative Investment Management LLC raised its position in shares of Amarin Corporation PLC by 105.1% in the first quarter. California Public Employees Retirement System now owns 533,300 shares of the biopharmaceutical company's stock valued at $1,707,000 after buying an additional 62,800 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Amarin Corporation PLC by 0.9% in the first quarter. Renaissance Technologies LLC boosted its position in Amarin Corporation PLC by 348.2% in the first quarter. JPMorgan Chase & Co. now owns 278,134 shares of the biopharmaceutical company's stock valued at $1,121,000 after buying an additional 242,544 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Amarin Corporation PLC by 662.8% in the fourth quarter. The firm owned 422,549 shares of the biopharmaceutical company's stock after selling 210,385 shares during the period. Hedge funds and other institutional investors own 37.57% of the company's stock.
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Amarin Corporation plc is a biopharmaceutical company with operations in lipid science focused on the commercialization and development of therapeutics for cardiovascular health.