-$2.02 EPS Expected for Puma Biotechnology Inc (PBYI) This Quarter
Equities research analysts forecast that Puma Biotechnology Inc (NASDAQ:PBYI) will post earnings per share (EPS) of ($2.02) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Puma Biotechnology’s earnings, with estimates ranging from ($2.07) to ($1.97). Puma Biotechnology posted earnings per share of ($1.22) in the same quarter last year, which would suggest a negative year over year growth rate of 65.6%. The company is expected to report its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Puma Biotechnology will report full year earnings of ($8.17) per share for the current fiscal year, with EPS estimates ranging from ($8.22) to ($8.11). For the next year, analysts anticipate that the business will post earnings of ($5.63) per share, with EPS estimates ranging from ($5.85) to ($5.37). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Puma Biotechnology.
Puma Biotechnology (NASDAQ:PBYI) last released its earnings results on Thursday, November 9th. The biopharmaceutical company reported ($2.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.50) by $0.43. The business had revenue of $6.10 million during the quarter, compared to analyst estimates of $3.78 million. During the same quarter in the previous year, the company posted ($1.11) earnings per share.
In other Puma Biotechnology news, insider Charles R. Eyler sold 1,322 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $105.46, for a total transaction of $139,418.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.10% of the company’s stock.
A number of large investors have recently made changes to their positions in PBYI. Cubist Systematic Strategies LLC acquired a new stake in Puma Biotechnology during the second quarter worth about $146,000. Kazazian Asset Management LLC acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $209,000. Ameritas Investment Partners Inc. grew its stake in shares of Puma Biotechnology by 5.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,522 shares of the biopharmaceutical company’s stock valued at $220,000 after buying an additional 140 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $222,000. Finally, Stifel Financial Corp acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $240,000. Institutional investors own 96.00% of the company’s stock.
Puma Biotechnology (NASDAQ:PBYI) opened at $99.25 on Friday. The company has a market capitalization of $3,591.58, a price-to-earnings ratio of -12.13 and a beta of 0.72. Puma Biotechnology has a 12 month low of $28.35 and a 12 month high of $136.90.
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About Puma Biotechnology
Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.
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