Myriad Genetics, Inc. (NASDAQ:MYGN) announced its quarterly earnings data on Tuesday. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05, Bloomberg Earnings reports. Myriad Genetics had a net margin of 2.83% and a return on equity of 9.67%. The company had revenue of $190.20 million during the quarter, compared to the consensus estimate of $183.52 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Myriad Genetics updated its Q2 guidance to $0.22-0.24 EPS and its FY18 guidance to $1.00-1.05 EPS.

Shares of Myriad Genetics (MYGN) traded down $0.40 during trading on Tuesday, reaching $29.90. 1,746,052 shares of the company’s stock traded hands, compared to its average volume of 961,910. Myriad Genetics has a twelve month low of $15.15 and a twelve month high of $37.30. The company has a quick ratio of 1.26, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2,070.00, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.83 and a beta of 0.24.

MYGN has been the subject of several research analyst reports. Zacks Investment Research raised shares of Myriad Genetics from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Monday, July 17th. Morgan Stanley reaffirmed an “underweight” rating and set a $24.00 target price (up previously from $17.00) on shares of Myriad Genetics in a report on Friday, October 6th. BidaskClub downgraded shares of Myriad Genetics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “hold” rating and set a $25.00 target price on shares of Myriad Genetics in a report on Friday, July 14th. Finally, Leerink Swann reaffirmed a “market perform” rating and set a $31.00 target price on shares of Myriad Genetics in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Myriad Genetics currently has a consensus rating of “Hold” and a consensus target price of $26.40.

In other Myriad Genetics news, Director John T. Henderson sold 30,000 shares of Myriad Genetics stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $30.30, for a total value of $909,000.00. Following the completion of the sale, the director now owns 52,524 shares in the company, valued at approximately $1,591,477.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by insiders.

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About Myriad Genetics

Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.

Earnings History for Myriad Genetics (NASDAQ:MYGN)

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