Last $53.61 USD
Change Today -0.38 / -0.70%
Volume 69.6K
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As of 11:05 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

ligand pharmaceuticals (LGND) Key Developments

Ligand Pharmaceuticals Incorporated Provides Earnings Guidance for the Years 2015, 2016 and 2017

Ligand Pharmaceuticals Incorporated provided earnings guidance for the years 2015, 2016 and 2017. For the year 2015, the company projected revenue to be in the range of $81 million to $83 million, with non-GAAP diluted EPS projected to be in the range of $2.14 to $2.18. Gross margin is projected to be 85%, adjusted cash flow margin is projected to be 60% and adjusted profit margin is projected to be 55%. For the year 2016, revenue is projected to exceed $107 million and non-GAAP diluted EPS is projected to exceed $3.20. For the year 2017, revenue is projected to exceed $146 million and non-GAAP diluted EPS is projected to exceed $4.65.

Ligand Pharmaceuticals Incorporated Announces Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Reaffirms Earnings Guidance for the Full Year 2014

Ligand Pharmaceuticals Incorporated announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $14,973,000, gain from operations of $3,532,000, income from continuing operations of $777,000 or $0.06 per diluted share, net income of $1,280,000 or $0.06 per diluted share compared to the total revenues of $13,005,000, gain from operations of $3,070,000, income from continuing operations of $1,965,000 or $0.09 per diluted share, net income of $1,965,000 or $0.09 per diluted share for the same quarter a year ago. Non-GAAP income from continuing operations was $7,616,000 or $0.36 per diluted share compared to the $4,151,000 or $0.20 per diluted share for the same quarter year ago. For the nine months period, the company reported total revenues of $41,539,000, gain from operations of $9,989,000, income from continuing operations of $4,160,000 or $0.23 per diluted share, net income of $4,969,000 or $0.23 per diluted share compared to the total revenues of $34,237,000, gain from operations of $8,518,000, income from continuing operations of $6,963,000 or $0.33 per diluted share, net income of $9,551,000 or $0.46 per diluted share for the same period a year ago. Non-GAAP income from continuing operations was $20,128,000 or $0.93 per diluted share compared to $11,554,000 or $0.56 per diluted share for the same period year ago. The company affirmed its previous full-year 2014 financial forecast, the Company expects total revenues to be between $64 million and $66 million, and non-GAAP earnings per diluted share to be between $1.50 and $1.55. For the full year revenue outlook, the company continues to expect that approximately 45% of revenue will be from royalties. The other revenue will be a mix of Captisol material sales and licensing fees. For the fourth quarter of 2014, the company expects total revenues to be between $22.5 million and $24.5 million, and non-GAAP earnings per diluted share to be between $0.57 and $0.62.

Ligand Pharmaceuticals Incorporated - Analyst/Investor Day

To discuss on Ligand's business model and expanding portfolio of partnered and un-partnered assets; the transformation of the Company's financials with expanding operating margins and increasing cash flow; new information about portfolio assets, partners and near-term milestones; highlights of Ligand's research and technologies; overview of lead internal diabetes development program, LGD-6972; financial outlook; and review of tax assets

Ligand Pharmaceuticals Incorporated to Report Q3, 2014 Results on Oct 27, 2014

Ligand Pharmaceuticals Incorporated announced that they will report Q3, 2014 results on Oct 27, 2014

Ligand Pharmaceuticals Incorporated, Q3 2014 Earnings Call, Oct 27, 2014

Ligand Pharmaceuticals Incorporated, Q3 2014 Earnings Call, Oct 27, 2014

 

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Price/Book 24.5x
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