Wall Street analysts expect that AveXis, Inc. (NASDAQ:AVXS) will post ($1.51) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for AveXis’ earnings, with the highest EPS estimate coming in at ($0.69) and the lowest estimate coming in at ($1.91). AveXis reported earnings of ($0.92) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 64.1%. The business is expected to report its next earnings report on Thursday, March 15th.

According to Zacks, analysts expect that AveXis will report full-year earnings of ($6.23) per share for the current year, with EPS estimates ranging from ($6.61) to ($5.36). For the next fiscal year, analysts anticipate that the firm will report earnings of ($5.92) per share, with EPS estimates ranging from ($7.33) to ($2.90). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover AveXis.

AveXis (NASDAQ:AVXS) last released its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.48) by ($0.04). During the same quarter last year, the firm earned ($0.87) EPS.

A number of equities research analysts have recently issued reports on AVXS shares. Sanford C. Bernstein began coverage on shares of AveXis in a report on Thursday, July 27th. They issued an “outperform” rating and a $108.00 price target on the stock. Morgan Stanley began coverage on shares of AveXis in a research report on Thursday, August 3rd. They issued an “overweight” rating and a $118.00 price objective on the stock. BMO Capital Markets restated a “buy” rating and issued a $123.00 price objective on shares of AveXis in a research report on Friday, August 11th. Chardan Capital restated a “buy” rating and issued a $130.00 price objective (up from $102.50) on shares of AveXis in a research report on Friday, August 11th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $108.00 price objective (up from $92.00) on shares of AveXis in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $110.67.

ILLEGAL ACTIVITY NOTICE: “AveXis, Inc. (AVXS) Expected to Post Earnings of -$1.51 Per Share” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/18/avexis-inc-avxs-expected-to-post-earnings-of-1-51-per-share.html.

Shares of AveXis (NASDAQ:AVXS) opened at $97.28 on Friday. AveXis has a fifty-two week low of $44.68 and a fifty-two week high of $108.27.

In other news, VP Sukumar Nagendran sold 1,780 shares of AveXis stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $93.25, for a total value of $165,985.00. Following the completion of the transaction, the vice president now owns 1,780 shares of the company’s stock, valued at approximately $165,985. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian K. Kaspar sold 15,000 shares of AveXis stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $101.46, for a total value of $1,521,900.00. The disclosure for this sale can be found here. Insiders have sold 35,340 shares of company stock valued at $3,559,683 in the last three months. Insiders own 18.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in AveXis by 19.6% in the 3rd quarter. Amalgamated Bank now owns 3,187 shares of the company’s stock worth $308,000 after buying an additional 523 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of AveXis by 2.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,943 shares of the company’s stock valued at $1,721,000 after purchasing an additional 598 shares during the period. American International Group Inc. grew its stake in shares of AveXis by 26.7% during the 1st quarter. American International Group Inc. now owns 3,521 shares of the company’s stock valued at $268,000 after purchasing an additional 742 shares during the period. Seven Bridges Advisors LLC grew its stake in shares of AveXis by 49.4% during the 2nd quarter. Seven Bridges Advisors LLC now owns 2,557 shares of the company’s stock valued at $210,000 after purchasing an additional 846 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of AveXis by 0.5% during the 2nd quarter. Jennison Associates LLC now owns 184,668 shares of the company’s stock valued at $15,172,000 after purchasing an additional 882 shares during the period. Institutional investors own 94.96% of the company’s stock.

About AveXis

AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.

Get a free copy of the Zacks research report on AveXis (AVXS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AveXis (NASDAQ:AVXS)

Receive News & Stock Ratings for AveXis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AveXis Inc. and related stocks with our FREE daily email newsletter.