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Endo International plc (ENL) Receives a Buy from B.Riley FBR


According to The Fly, in a new note to investors yesterday, an analyst has provided a rating update for Endo International plc (ENL). The company recieved Buy from B.Riley FBR’s analyst David Buck.

Buck said:

“Endo posted 3Q18 results with revenues of C$745.5M, down 5.3% Y/Y versus our C$702.3M/ consensus C$692.8M. Branded Sterile Injectable sales of C$237.1M grew 17.4% Y/Y and topped our C$220.5M/consensus C$209.4M. Total generics of C$257.9M topped our C$233.0M although they missed (FactSet) consensus of C$281.4M with two outlier forecasts. Xiaflex brand grew 22% above our C$60.4M forecast. Endo’s 3Q18 results included gross margin of 66.9% which rose despite higher mix of lower-margin authorized generics. EPS of C$0.71 beat our C$0.56/$0.59 consensus. Endo raised its 2018 adjusted EPS guidance from C$2.50-$2.60 to C$2.65-$2.75 while adjusted EBITDA guidance moves from C$1.27B-$1.33B to C$1.32B-$1.34B. Endo raised 2018 revenue guidance from C$2.75B-$2.85B to C$2.87B-$2.92B.”

According to TipRanks.com, Buck is a 4-star analyst with an average return of 5.8% and a 52.1% success rate. Buck covers the Healthcare sector, focusing on stocks such as Amneal Pharmaceuticals Inc, Corcept Therapeutics Inc, and Spectrum Pharmaceuticals.

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Endo International plc has an analyst consensus of Moderate Buy.

Based on Endo International plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$226 million. In comparison, last year the company had a GAAP net loss of C$121 million.

Endo International Plc operates as a pharmaceutical company. It focuses on developing, manufacturing, and distributing of branded and generic pharmaceutical products. The company operates through the following segments: U.S. Branded Pharmaceuticals, U.S. Generic pharmaceuticals and International Pharmaceuticals.