Zacks: Analysts Anticipate Sarepta Therapeutics, Inc. (SRPT) Will Announce Earnings of -$0.89 Per Share
Equities analysts expect Sarepta Therapeutics, Inc. (NASDAQ:SRPT) to report earnings per share of ($0.89) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Sarepta Therapeutics’ earnings, with estimates ranging from ($1.29) to ($0.68). Sarepta Therapeutics posted earnings per share of ($1.18) during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.6%. The company is scheduled to report its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Sarepta Therapeutics will report full-year earnings of ($1.24) per share for the current fiscal year, with EPS estimates ranging from ($1.51) to ($0.97). For the next fiscal year, analysts anticipate that the firm will post earnings of ($1.73) per share, with EPS estimates ranging from ($2.91) to ($0.39). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Sarepta Therapeutics.
Sarepta Therapeutics (NASDAQ:SRPT) last issued its quarterly earnings results on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.46. The business had revenue of $35.01 million during the quarter, compared to analysts’ expectations of $22.52 million. During the same quarter in the previous year, the company posted ($1.19) earnings per share. The company’s quarterly revenue was up 350000.0% compared to the same quarter last year.
A number of brokerages have weighed in on SRPT. BidaskClub lowered shares of Sarepta Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Sarepta Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. William Blair reaffirmed an “outperform” rating on shares of Sarepta Therapeutics in a research note on Thursday, July 27th. Janney Montgomery Scott lifted their price target on shares of Sarepta Therapeutics from $65.00 to $73.00 and gave the stock a “fair value” rating in a research note on Monday, July 24th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $96.00 target price (down previously from $102.00) on shares of Sarepta Therapeutics in a research report on Friday, July 21st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.28.
In other news, SVP Alexander Cumbo sold 5,918 shares of Sarepta Therapeutics stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $41.00, for a total value of $242,638.00. Following the sale, the senior vice president now directly owns 22,793 shares in the company, valued at $934,513. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandesh Mahatme sold 50,000 shares of Sarepta Therapeutics stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $41.00, for a total transaction of $2,050,000.00. Following the completion of the sale, the chief financial officer now owns 41,736 shares in the company, valued at $1,711,176. The disclosure for this sale can be found here. Insiders have sold a total of 78,056 shares of company stock worth $3,224,208 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. purchased a new position in shares of Sarepta Therapeutics during the first quarter worth $223,000. Teachers Advisors LLC boosted its position in Sarepta Therapeutics by 190.1% in the fourth quarter. Teachers Advisors LLC now owns 222,786 shares of the biotechnology company’s stock worth $6,111,000 after buying an additional 146,002 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Sarepta Therapeutics by 39.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,236 shares of the biotechnology company’s stock worth $333,000 after buying an additional 3,173 shares during the period. Camber Capital Management LLC bought a new position in Sarepta Therapeutics during the first quarter worth approximately $39,960,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in Sarepta Therapeutics by 34.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 14,659 shares of the biotechnology company’s stock worth $434,000 after buying an additional 3,774 shares during the period. Institutional investors own 63.11% of the company’s stock.
Shares of Sarepta Therapeutics (NASDAQ SRPT) traded up 0.52% during midday trading on Friday, hitting $36.51. The stock had a trading volume of 1,003,697 shares. The firm’s market cap is $2.35 billion. Sarepta Therapeutics has a 52-week low of $25.47 and a 52-week high of $63.73. The firm’s 50 day moving average price is $37.58 and its 200 day moving average price is $33.27. Sarepta Therapeutics also saw some unusual options trading activity on Tuesday. Investors acquired 11,628 call options on the company. This represents an increase of approximately 595% compared to the average volume of 1,672 call options.
About Sarepta Therapeutics
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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