<div id="readability-page-1"><p>BioMarin Pharmaceutical (NASDAQ:BMRN - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.10-$3.25 for the period, compared to the consensus earnings per share estimate of $3.23. The company issued revenue guidance of $2.750-$2.825 billion, compared to the consensus revenue estimate of $2.80 billion.</p><h2>BioMarin Pharmaceutical Price Performance</h2><ul><li>Are Gene Therapy Stocks The Market's Next Big Winners?</li></ul><p>Shares of BioMarin Pharmaceutical stock traded down $1.22 during trading on Wednesday, hitting $90.38. 1,217,338 shares of the stock traded hands, compared to its average volume of 1,827,818. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of 85.60 and a beta of 0.32. BioMarin Pharmaceutical has a 52 week low of $73.68 and a 52 week high of $99.56. The company has a quick ratio of 1.95, a current ratio of 3.05 and a debt-to-equity ratio of 0.11. The firm's fifty day moving average is $86.37 and its 200-day moving average is $85.06. </p><p>BioMarin Pharmaceutical (NASDAQ:BMRN - Get Free Report) last announced its earnings results on Monday, August 5th. The biotechnology company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The business had revenue of $712.03 million during the quarter, compared to analysts' expectations of $660.51 million. BioMarin Pharmaceutical had a net margin of 9.91% and a return on equity of 6.91%. Research analysts expect that BioMarin Pharmaceutical will post 2.35 EPS for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Is BioMarin Ready To Rebound After FDA Approval Of Roctavian?</li></ul><p>A number of equities research analysts have recently commented on the stock. Scotiabank upped their price objective on shares of BioMarin Pharmaceutical from $85.00 to $86.00 and gave the company a sector perform rating in a report on Tuesday, August 6th. Robert W. Baird downgraded BioMarin Pharmaceutical from an outperform rating to a neutral rating and dropped their price target for the stock from $104.00 to $72.00 in a research report on Friday, May 17th. Stifel Nicolaus upped their price objective on shares of BioMarin Pharmaceutical from $112.00 to $115.00 and gave the company a buy rating in a research note on Wednesday, August 21st. Baird R W lowered BioMarin Pharmaceutical from a strong-buy rating to a hold rating in a research note on Friday, May 17th. Finally, Evercore ISI upped their price target on BioMarin Pharmaceutical from $113.00 to $115.00 and gave the stock an outperform rating in a research note on Tuesday, August 6th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $105.26.</p><p><b>Read Our Latest Stock Report on BioMarin Pharmaceutical</b></p><h2>About BioMarin Pharmaceutical</h2> (Get Free Report)<ul><li>Top Biotech Stocks: Exploring Innovation Opportunities</li></ul><p>BioMarin Pharmaceutical Inc develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Vimizim, an enzyme replacement therapy for the treatment of mucopolysaccharidosis (MPS) IV type A, a lysosomal storage disorder; Naglazyme, a recombinant form of N-acetylgalactosamine 4-sulfatase for patients with MPS VI; and Kuvan, a proprietary synthetic oral form of 6R-BH4 that is used to treat patients with phenylketonuria (PKU), an inherited metabolic disease.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than BioMarin Pharmaceutical</li><li>Do ETFs Pay Dividends? 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BMRN

<p>BioMarin Pharmaceutical (NASDAQ:BMRN) has updated its FY24 earnings guidance, projecting EPS between $0.10 and $0.25, contrasting with the consensus estimate of $0.23. Revenue guidance is set at $750 million to $825 million against a consensus of $800 million. The company recently reported a quarterly EPS of $0.77, surpassing expectations. Stocks have seen a slight dip recently, continuing to reflect a moderate buy rating from analysts, with a consensus price target of $81.26.</p>

BioMarin Pharmaceutical (NASDAQ:BMRN) Updates FY24 Earnings Guidance