Biogen (BIIB) Scheduled to Post Earnings on Thursday
Biogen (NASDAQ:BIIB) will be issuing its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $5.54 per share for the quarter.
Biogen (NASDAQ:BIIB) last released its quarterly earnings results on Tuesday, October 24th. The biotechnology company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.61. Biogen had a return on equity of 38.51% and a net margin of 29.44%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the firm posted $5.19 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, analysts expect Biogen to post $22 EPS for the current fiscal year and $24 EPS for the next fiscal year.
Shares of Biogen (NASDAQ:BIIB) opened at $344.87 on Thursday. Biogen has a 1-year low of $244.28 and a 1-year high of $348.84. The firm has a market capitalization of $72,930.00, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.91 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 2.19 and a debt-to-equity ratio of 0.46.
BIIB has been the topic of several recent analyst reports. Citigroup cut Biogen from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. Mizuho set a $400.00 price target on Biogen and gave the company a “buy” rating in a report on Monday, November 13th. Credit Suisse Group raised Biogen from a “neutral” rating to an “outperform” rating and raised their price target for the company from $321.00 to $385.00 in a report on Wednesday, December 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $300.00 price target on shares of Biogen in a report on Thursday, October 12th. Finally, Oppenheimer set a $350.00 price target on Biogen and gave the company a “buy” rating in a report on Monday, December 4th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Biogen currently has a consensus rating of “Buy” and an average target price of $353.75.
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Biogen Inc is a biopharmaceutical company. The Company focuses on discovering, developing, manufacturing and delivering therapies to people living with serious neurological, rare and autoimmune diseases. The Company markets products, including TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA and FAMPYRA for multiple sclerosis (MS), FUMADERM for the treatment of severe plaque psoriasis and SPINRAZA for the treatment of spinal muscular atrophy (SMA).
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