Analysts Expect Five Prime Therapeutics, Inc. (FPRX) to Announce -$1.32 EPS
Equities research analysts expect that Five Prime Therapeutics, Inc. (NASDAQ:FPRX) will report earnings per share of ($1.32) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Five Prime Therapeutics’ earnings, with estimates ranging from ($1.50) to ($1.01). Five Prime Therapeutics posted earnings per share of ($0.72) during the same quarter last year, which indicates a negative year-over-year growth rate of 83.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Five Prime Therapeutics will report full-year earnings of ($5.34) per share for the current fiscal year, with EPS estimates ranging from ($5.78) to ($4.85). For the next financial year, analysts anticipate that the firm will post earnings of ($5.41) per share, with EPS estimates ranging from ($6.41) to ($3.53). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Five Prime Therapeutics.
Five Prime Therapeutics (NASDAQ:FPRX) last posted its earnings results on Tuesday, August 8th. The biotechnology company reported ($1.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.15) by $0.43. Five Prime Therapeutics had a negative return on equity of 31.78% and a negative net margin of 356.39%. The company had revenue of $7.80 million during the quarter, compared to analysts’ expectations of $8.32 million. During the same period in the prior year, the business posted ($0.49) earnings per share. The company’s revenue for the quarter was down 16.1% on a year-over-year basis.
A number of research analysts have weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and set a $55.00 target price on shares of Five Prime Therapeutics in a research note on Thursday, June 8th. BidaskClub lowered shares of Five Prime Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine raised shares of Five Prime Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Five Prime Therapeutics has a consensus rating of “Hold” and a consensus price target of $60.80.
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Five Prime Therapeutics (NASDAQ FPRX) traded up 6.59% during midday trading on Monday, hitting $36.06. 206,746 shares of the stock traded hands. The firm’s 50-day moving average is $29.95 and its 200-day moving average is $32.52. The company’s market cap is $1.01 billion. Five Prime Therapeutics has a 52-week low of $25.97 and a 52-week high of $60.98.
Several institutional investors and hedge funds have recently modified their holdings of FPRX. Nationwide Fund Advisors boosted its stake in shares of Five Prime Therapeutics by 3.1% during the first quarter. Nationwide Fund Advisors now owns 59,400 shares of the biotechnology company’s stock valued at $2,147,000 after purchasing an additional 1,771 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Five Prime Therapeutics by 19.1% during the first quarter. Wells Fargo & Company MN now owns 185,266 shares of the biotechnology company’s stock valued at $6,697,000 after purchasing an additional 29,701 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Five Prime Therapeutics by 7.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,030 shares of the biotechnology company’s stock valued at $724,000 after purchasing an additional 1,302 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Five Prime Therapeutics by 50.9% during the first quarter. Virginia Retirement Systems ET AL now owns 40,300 shares of the biotechnology company’s stock valued at $1,457,000 after purchasing an additional 13,600 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Five Prime Therapeutics during the first quarter valued at $784,000. 84.08% of the stock is owned by hedge funds and other institutional investors.
Five Prime Therapeutics Company Profile
Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.
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