$3.14 Million in Sales Expected for Adaptimmune Therapeutics PLC (ADAP) This Quarter
Wall Street analysts forecast that Adaptimmune Therapeutics PLC (NASDAQ:ADAP) will announce $3.14 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Adaptimmune Therapeutics PLC’s earnings. The highest sales estimate is $3.50 million and the lowest is $2.92 million. Adaptimmune Therapeutics PLC posted sales of $2.42 million during the same quarter last year, which suggests a positive year-over-year growth rate of 29.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 9th.
On average, analysts expect that Adaptimmune Therapeutics PLC will report full-year sales of $3.14 million for the current fiscal year, with estimates ranging from $12.21 million to $15.00 million. For the next financial year, analysts anticipate that the company will report sales of $17.42 million per share, with estimates ranging from $11.67 million to $30.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Adaptimmune Therapeutics PLC.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last released its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.24) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.24). The company had revenue of $3.52 million for the quarter, compared to analyst estimates of $5.43 million. Adaptimmune Therapeutics PLC had a negative net margin of 438.00% and a negative return on equity of 38.73%.
A number of equities research analysts recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $10.00 price objective on shares of Adaptimmune Therapeutics PLC in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Adaptimmune Therapeutics PLC from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Wednesday, October 4th. BidaskClub raised shares of Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Leerink Swann restated an “outperform” rating and issued a $15.00 price target on shares of Adaptimmune Therapeutics PLC in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Adaptimmune Therapeutics PLC currently has an average rating of “Hold” and a consensus price target of $11.58.
Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Adaptimmune Therapeutics PLC by 4.9% in the second quarter. Alps Advisors Inc. now owns 63,892 shares of the biotechnology company’s stock valued at $287,000 after purchasing an additional 2,996 shares in the last quarter. Matrix Capital Management Company LP bought a new stake in shares of Adaptimmune Therapeutics PLC during the second quarter worth $39,027,000. Point72 Asset Management L.P. bought a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter worth $2,883,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Adaptimmune Therapeutics PLC during the first quarter worth $120,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Adaptimmune Therapeutics PLC by 75.4% during the first quarter. Renaissance Technologies LLC now owns 780,800 shares of the biotechnology company’s stock worth $4,302,000 after purchasing an additional 335,700 shares during the last quarter. Institutional investors own 68.01% of the company’s stock.
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Shares of Adaptimmune Therapeutics PLC (NASDAQ ADAP) opened at 7.01 on Wednesday. Adaptimmune Therapeutics PLC has a 52-week low of $3.76 and a 52-week high of $9.29.
Adaptimmune Therapeutics PLC Company Profile
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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