Nektar Therapeutics (NASDAQ:NKTR) Expected to Post Quarterly Sales of $36.49 Million
Equities analysts predict that Nektar Therapeutics (NASDAQ:NKTR) will announce sales of $36.49 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Nektar Therapeutics’ earnings. The lowest sales estimate is $26.67 million and the highest is $47.90 million. Nektar Therapeutics posted sales of $32.77 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The business is scheduled to issue its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Nektar Therapeutics will report full-year sales of $36.49 million for the current year, with estimates ranging from $139.54 million to $258.02 million. For the next year, analysts forecast that the company will post sales of $176.29 million per share, with estimates ranging from $110.70 million to $226.41 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Nektar Therapeutics.
Nektar Therapeutics (NASDAQ:NKTR) last posted its quarterly earnings results on Tuesday, May 9th. The biopharmaceutical company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.02. The business had revenue of $24.73 million for the quarter, compared to the consensus estimate of $29.43 million. Nektar Therapeutics had a negative return on equity of 3,072.86% and a negative net margin of 150.74%. Nektar Therapeutics’s quarterly revenue was down 58.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) earnings per share.
NKTR has been the topic of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Nektar Therapeutics in a research report on Monday, June 26th. Jefferies Group LLC set a $25.00 price objective on Nektar Therapeutics and gave the stock a “buy” rating in a research report on Saturday, April 22nd. ValuEngine upgraded Nektar Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Roth Capital set a $31.00 price objective on Nektar Therapeutics and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, BidaskClub upgraded Nektar Therapeutics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Nektar Therapeutics presently has a consensus rating of “Buy” and an average target price of $26.29.
Nektar Therapeutics (NASDAQ:NKTR) traded down 1.17% during trading on Thursday, hitting $22.85. The company’s stock had a trading volume of 526,230 shares. Nektar Therapeutics has a 12 month low of $11.41 and a 12 month high of $24.88. The firm has a 50 day moving average of $19.98 and a 200 day moving average of $17.75. The firm’s market cap is $3.55 billion.
In other Nektar Therapeutics news, SVP Stephen K. Doberstein sold 1,701 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $19.55, for a total value of $33,254.55. Following the sale, the senior vice president now directly owns 32,803 shares of the company’s stock, valued at $641,298.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ivan P. Gergel sold 54,920 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $21.10, for a total value of $1,158,812.00. Following the completion of the sale, the senior vice president now directly owns 98,492 shares in the company, valued at $2,078,181.20. The disclosure for this sale can be found here. Insiders sold 159,803 shares of company stock worth $3,328,247 over the last three months. Corporate insiders own 6.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its stake in Nektar Therapeutics by 11.1% in the first quarter. Flinton Capital Management LLC now owns 4,480 shares of the biopharmaceutical company’s stock valued at $105,000 after buying an additional 448 shares during the period. State of Alaska Department of Revenue increased its stake in Nektar Therapeutics by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 17,050 shares of the biopharmaceutical company’s stock valued at $400,000 after buying an additional 460 shares during the period. Louisiana State Employees Retirement System increased its stake in Nektar Therapeutics by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 63,200 shares of the biopharmaceutical company’s stock valued at $1,236,000 after buying an additional 500 shares during the period. LS Investment Advisors LLC increased its stake in Nektar Therapeutics by 8.8% in the second quarter. LS Investment Advisors LLC now owns 6,594 shares of the biopharmaceutical company’s stock valued at $129,000 after buying an additional 535 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Nektar Therapeutics by 1.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 34,920 shares of the biopharmaceutical company’s stock valued at $820,000 after buying an additional 570 shares during the period. 93.85% of the stock is currently owned by institutional investors and hedge funds.
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Nektar Therapeutics Company Profile
Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.
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