-$0.25 EPS Expected for Xencor, Inc. (XNCR) This Quarter
Wall Street analysts predict that Xencor, Inc. (NASDAQ:XNCR) will announce earnings of ($0.25) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Xencor’s earnings, with estimates ranging from ($0.29) to ($0.19). Xencor posted earnings per share of $1.13 during the same quarter last year, which would indicate a negative year-over-year growth rate of 122.1%. The company is scheduled to issue its next earnings results on Tuesday, August 1st.
On average, analysts expect that Xencor will report full year earnings of ($1.14) per share for the current year, with EPS estimates ranging from ($1.34) to ($0.92). For the next fiscal year, analysts expect that the company will report earnings of ($1.62) per share, with EPS estimates ranging from ($2.02) to ($1.15). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Xencor.
Xencor (NASDAQ:XNCR) last released its earnings results on Tuesday, May 9th. The biopharmaceutical company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.06. The company had revenue of $4.34 million during the quarter, compared to analyst estimates of $8.15 million. Xencor had a return on equity of 5.98% and a net margin of 18.19%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Xencor from a “buy” rating to a “hold” rating in a report on Saturday, April 29th. Nomura assumed coverage on Xencor in a report on Wednesday, March 1st. They issued a “neutral” rating for the company. Wedbush reiterated an “outperform” rating and issued a $33.00 price target (up from $27.00) on shares of Xencor in a report on Thursday, March 2nd. Finally, Instinet assumed coverage on Xencor in a report on Wednesday, March 1st. They issued a “neutral” rating and a $21.00 price target for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $28.67.
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In other news, Director Bruce L. A. Carter sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $20.61, for a total value of $412,200.00. Following the completion of the sale, the director now directly owns 48,880 shares in the company, valued at approximately $1,007,416.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce L. A. Carter sold 12,400 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $22.19, for a total value of $275,156.00. Following the completion of the sale, the director now owns 83,344 shares of the company’s stock, valued at $1,849,403.36. The disclosure for this sale can be found here. Insiders sold a total of 46,238 shares of company stock valued at $1,037,822 over the last quarter. Company insiders own 4.14% of the company’s stock.
Large investors have recently modified their holdings of the stock. Oberweis Asset Management Inc. purchased a new stake in shares of Xencor during the fourth quarter worth $211,000. Airain ltd bought a new position in shares of Xencor during the first quarter worth approximately $213,000. Algert Global LLC bought a new position in shares of Xencor during the first quarter worth approximately $284,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Xencor during the fourth quarter worth approximately $370,000. Finally, Clinton Group Inc. increased its position in shares of Xencor by 4.6% in the first quarter. Clinton Group Inc. now owns 15,987 shares of the biopharmaceutical company’s stock worth $382,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.
Xencor (NASDAQ XNCR) traded down 1.09% during mid-day trading on Monday, reaching $21.72. 287,997 shares of the company were exchanged. The stock has a 50-day moving average of $21.90 and a 200 day moving average of $23.80. The firm has a market capitalization of $1.01 billion, a P/E ratio of 61.53 and a beta of 2.13. Xencor has a 1-year low of $12.51 and a 1-year high of $29.38.
Xencor Company Profile
Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.
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