Pacira Pharmaceuticals, Inc. Reports Third Quarter 2018 Financial Results

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Pacira Pharmaceuticals (PCRX) PT Raised to $46 at Mizuho Securities Following 3Q

November 5, 2018 7:16 AM EST

Mizuho Securities analyst Irina Koffler raised the price target on Pacira Pharmaceuticals (NASDAQ: PCRX) to $46.00 (from $43.00) while maintaining a Neutral rating following the company's 3Q earnings report. Mizuho Securities raised 2018 Exparel sales to $331.8M (from $321.2M) and 2019 estimates to $396.5M (from $376.8M prior); both above... More

Pacira Pharmaceuticals (PCRX) PT Raised to $60 at RBC Capital

November 2, 2018 7:14 AM EDT

RBC Capital analyst Randall Stanicky raised the price target on Pacira Pharmaceuticals (NASDAQ: PCRX) to $60.00 (from $55.00) while maintaining a Outperform rating.

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Pacira Pharmaceuticals (PCRX) PT Raised to $55 at Piper Jaffray

November 1, 2018 1:13 PM EDT

Piper Jaffray analyst David Amsellem raised the price target on Pacira Pharmaceuticals (NASDAQ: PCRX) to $55.00 (from $51.00) while maintaining a Overweight rating.

Amsellem cited a clear uptick in Exparel sales growth.

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UPDATE: Pacira Pharma (PCRX) Tops Q3 EPS by 23c, Revenues Beat; Boosts FY18 Revenue Outlook

November 1, 2018 8:13 AM EDT

(Updated - November 1, 2018 8:13 AM EDT)

Pacira Pharma (NASDAQ: PCRX) reported Q3 EPS of $0.31, $0.23 better than the analyst estimate of $0.08. Revenue for the quarter came in at $82.2 million versus the consensus estimate of $80.18 million.

EXPAREL net product sales were $82.2 million in the third quarter of 2018, a 23% increase over the $66.8 million reported for the third quarter of 2017.Total operating expenses were $79.4 million in the third quarter of 2018, compared to $70.9 million in the third quarter of 2017.GAAP net loss was $0.6 million, or $(0.02) per share (basic and diluted), in the third... More