Q3 2016 Earnings Estimate for Sarepta Therapeutics Inc. (SRPT) Issued By Wedbush
Sarepta Therapeutics Inc. (NASDAQ:SRPT) – Investment analysts at Wedbush lowered their Q3 2016 EPS estimates for shares of Sarepta Therapeutics in a research note issued on Tuesday. Wedbush analyst H. Behanna now expects that the firm will post earnings of ($1.26) per share for the quarter, down from their prior forecast of ($1.23). Wedbush currently has a “Outperform” rating and a $66.00 target price on the stock. Wedbush also issued estimates for Sarepta Therapeutics’ Q4 2016 earnings at ($1.18) EPS, FY2016 earnings at ($5.08) EPS, Q1 2017 earnings at ($0.80) EPS, Q2 2017 earnings at ($0.85) EPS, Q3 2017 earnings at ($0.78) EPS, Q4 2017 earnings at ($0.84) EPS, FY2017 earnings at ($3.27) EPS, FY2018 earnings at ($2.01) EPS, FY2019 earnings at $0.70 EPS and FY2020 earnings at $2.18 EPS.
Several other equities analysts have also issued reports on SRPT. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $60.00 price target on shares of Sarepta Therapeutics in a research note on Sunday, July 17th. Piper Jaffray Cos. reaffirmed a “sell” rating and set a $6.00 price target on shares of Sarepta Therapeutics in a research note on Saturday, June 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $23.00 price target on shares of Sarepta Therapeutics in a research note on Thursday, May 26th. Vetr lowered Sarepta Therapeutics from a “buy” rating to a “strong sell” rating and set a $17.28 price target on the stock. in a research note on Wednesday, June 8th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Sarepta Therapeutics in a research note on Thursday, May 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Sarepta Therapeutics has a consensus rating of “Buy” and a consensus target price of $51.01.
Shares of Sarepta Therapeutics (NASDAQ:SRPT) traded up 6.55% during midday trading on Thursday, hitting $59.90. The stock had a trading volume of 5,206,349 shares. Sarepta Therapeutics has a one year low of $8.00 and a one year high of $60.00. The company’s market capitalization is $2.87 billion. The firm’s 50-day moving average is $29.05 and its 200 day moving average is $21.62.
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Sarepta Therapeutics (NASDAQ:SRPT) last released its earnings results on Tuesday, July 19th. The company reported ($1.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.19) by $0.16. During the same quarter in the prior year, the firm earned ($0.87) earnings per share.
In other Sarepta Therapeutics news, SVP David T. Howton sold 9,304 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $50.00, for a total value of $465,200.00. Following the completion of the transaction, the senior vice president now directly owns 11,168 shares in the company, valued at $558,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jayant Aphale sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the transaction, the vice president now owns 21,490 shares of the company’s stock, valued at $1,074,500. The disclosure for this sale can be found here. 10.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC acquired a new stake in Sarepta Therapeutics during the second quarter worth about $335,000. Schwab Charles Investment Management Inc. boosted its stake in Sarepta Therapeutics by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 153,816 shares of the company’s stock worth $2,934,000 after buying an additional 2,766 shares during the last quarter. Stifel Financial Corp boosted its stake in Sarepta Therapeutics by 5.4% in the second quarter. Stifel Financial Corp now owns 23,076 shares of the company’s stock worth $441,000 after buying an additional 1,178 shares during the last quarter. American Century Companies Inc. acquired a new stake in Sarepta Therapeutics during the second quarter worth about $651,000. Finally, First Allied Advisory Services Inc. boosted its stake in Sarepta Therapeutics by 6.7% in the second quarter. First Allied Advisory Services Inc. now owns 12,800 shares of the company’s stock worth $245,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 72.09% of the company’s stock.
Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the discovery and development of ribonucleic acid (RNA)-targeted therapeutics for the treatment of rare, infectious and other diseases. The Company operates in one segment: the development of pharmaceutical products on its own behalf or in collaboration with others.
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