TG Therapeutics Inc (TGTX) Expected to Announce Earnings of -$0.46 Per Share
Equities research analysts expect that TG Therapeutics Inc (NASDAQ:TGTX) will announce earnings per share of ($0.46) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TG Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.41) and the lowest estimate coming in at ($0.52). TG Therapeutics reported earnings per share of ($0.33) in the same quarter last year, which suggests a negative year over year growth rate of 39.4%. The business is scheduled to report its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that TG Therapeutics will report full-year earnings of ($1.83) per share for the current fiscal year, with EPS estimates ranging from ($2.11) to ($1.45). For the next financial year, analysts anticipate that the business will post earnings of ($1.74) per share, with EPS estimates ranging from ($2.06) to ($1.17). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover TG Therapeutics.
TG Therapeutics (NASDAQ:TGTX) last released its quarterly earnings data on Friday, May 5th. The biopharmaceutical company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by $0.10. TG Therapeutics had a negative net margin of 47,494.08% and a negative return on equity of 83.18%. The business had revenue of $0.04 million during the quarter, compared to analyst estimates of $0.04 million.
A number of brokerages have recently weighed in on TGTX. Zacks Investment Research upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. FBR & Co restated an “outperform” rating and issued a $26.00 target price (up previously from $24.00) on shares of TG Therapeutics in a research note on Monday, March 6th. Ladenburg Thalmann Financial Services set a $30.00 target price on TG Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Raymond James Financial, Inc. restated a “buy” rating on shares of TG Therapeutics in a research note on Friday, April 21st. Finally, SunTrust Banks, Inc. set a $28.00 target price on TG Therapeutics and gave the stock a “buy” rating in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. TG Therapeutics has an average rating of “Buy” and an average price target of $23.17.
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TG Therapeutics (NASDAQ:TGTX) traded up 1.26% during mid-day trading on Friday, hitting $12.05. The stock had a trading volume of 1,255,781 shares. TG Therapeutics has a 1-year low of $4.10 and a 1-year high of $15.05. The firm’s 50-day moving average price is $10.91 and its 200-day moving average price is $7.69. The stock’s market cap is $742.95 million.
In other TG Therapeutics news, Director Laurence N. Charney sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $11.17, for a total transaction of $78,190.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William James Kennedy sold 8,548 shares of the business’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $10.27, for a total transaction of $87,787.96. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Baker BROS. Advisors LP purchased a new position in TG Therapeutics during the third quarter valued at $15,511,000. North Star Investment Management Corp. boosted its position in TG Therapeutics by 110.0% in the first quarter. North Star Investment Management Corp. now owns 21,000 shares of the biopharmaceutical company’s stock valued at $245,000 after buying an additional 11,000 shares during the last quarter. Guggenheim Capital LLC boosted its position in TG Therapeutics by 67.6% in the fourth quarter. Guggenheim Capital LLC now owns 267,985 shares of the biopharmaceutical company’s stock valued at $1,246,000 after buying an additional 108,106 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in TG Therapeutics during the fourth quarter valued at $143,000. Finally, Creative Planning boosted its position in TG Therapeutics by 3.2% in the first quarter. Creative Planning now owns 32,001 shares of the biopharmaceutical company’s stock valued at $373,000 after buying an additional 1,000 shares during the last quarter. 50.08% of the stock is currently owned by institutional investors and hedge funds.
About TG Therapeutics
TG Therapeutics, Inc (TG) is a biopharmaceutical company focused on the acquisition, development and commercialization of treatments for B-cell malignancies and autoimmune diseases. As of December 31, 2016, the Company was developing two therapies targeting hematological malignancies. TG-1101 (ublituximab) is a glycoengineered monoclonal antibody that targets a specific epitope on the cluster of differentiation (CD20) antigen found on mature B-lymphocytes.
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