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On Tuesday, JPMorgan analyst Rachel Vatnsdal revised the price target for Repligen (NASDAQ:RGEN) stock, reducing it to $190 from the previous $200, while continuing to recommend an Overweight rating for the company. With a current market capitalization of $8 billion and trading at $143 per share, InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value. For deeper insights into valuation analysis and more exclusive metrics, investors can access the comprehensive Pro Research Report, available to InvestingPro subscribers. Repligen recently reported notable first-quarter financial results, surpassing expectations with a strong performance that reaffirmed the company’s guidance for organic revenue growth throughout the year.
Repligen’s revenue for the quarter reached $169 million, which was above the anticipated $164 million by analysts, marking an 11% year-over-year organic growth compared to the expected 7.9%. The company’s adjusted earnings per share (EPS) came in at $0.39, exceeding the consensus estimate of $0.34. This performance builds on the company’s trailing twelve-month revenue of $634.4 million, with a healthy gross profit margin of 50.2%. According to InvestingPro data, analysts expect the company to return to profitability this year, with projected earnings per share of $1.73 for fiscal year 2025. Following the acquisition of 908 Devices, Repligen raised its revenue outlook for 2025, now projecting between $695 million and $720 million, which is an increase from the prior forecast of $685 million to $710 million.
The company’s management highlighted several areas of growth during the first quarter. Chromatography revenue saw a significant increase, attributed to a shift towards large-scale OPUS columns by major pharmaceutical companies and the launch of single-use manufacturing plants. Additionally, Repligen experienced a record quarter in chromatography resins due to the timing of commercial demand. Orders for the company’s consumables rose by over 20% year-over-year, and revenues from consumables, excluding proteins, also saw a similar growth rate, driven by ATF consumables and fluid management. Equipment sales followed the expected downtrend.
Repligen’s management also discussed the impact of tariffs, noting that tariffs, with the exception of those involving China, are expected to have a minimal effect on the adjusted EPS and are not factored into the fiscal year 2025 guidance. In summary, the company’s strong first quarter was powered by robust performances in proteins, chromatography, and process analytics, as well as solid order trends. JPMorgan expressed confidence in Repligen’s position as a top-tier bioprocessing company and anticipates that the ATF dynamic will contribute to further momentum in 2025 and beyond. InvestingPro data supports this outlook, showing a "GOOD" overall financial health score, with particularly strong ratings in cash flow and price momentum. The company maintains a solid balance sheet with a current ratio of 8.41, indicating strong liquidity. InvestingPro subscribers have access to 8 additional key insights about Repligen, along with comprehensive financial metrics and analysis tools.
In other recent news, Repligen Corporation reported impressive financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $0.39, exceeding the forecasted $0.35, and reported revenue of $169 million, which was higher than the anticipated $163.4 million. These results reflect a 10% increase in revenue year-over-year, with an 11% rise in organic growth. Despite these strong earnings, Repligen’s stock experienced a slight decline in pre-market trading. The company has also been active in expanding its product offerings, launching new products and enhancing its bioprocessing portfolio. In addition, Repligen maintains a robust cash position of $697 million. On the analyst front, firms have noted Repligen’s strategic acquisitions and product innovations as positive growth drivers. Looking ahead, Repligen provided guidance for full-year organic non-COVID revenue growth between 11.5% and 15.5%, with adjusted EPS expected to range from $1.63 to $1.72.
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