Zacks: Analysts Expect Axovant Sciences Ltd. (AXON) to Announce -$0.58 EPS
Wall Street brokerages expect Axovant Sciences Ltd. (NYSE:AXON) to announce ($0.58) earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Axovant Sciences’ earnings, with the lowest EPS estimate coming in at ($0.65) and the highest estimate coming in at ($0.55). Axovant Sciences reported earnings of ($0.39) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 48.7%. The business is expected to announce its next quarterly earnings report on Monday, November 6th.
On average, analysts expect that Axovant Sciences will report full-year earnings of ($2.32) per share for the current year, with EPS estimates ranging from ($2.71) to ($1.77). For the next financial year, analysts forecast that the firm will report earnings of ($3.01) per share, with EPS estimates ranging from ($4.21) to ($1.92). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Axovant Sciences.
Axovant Sciences (NYSE:AXON) last released its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by $0.12.
A number of analysts have issued reports on AXON shares. Cowen and Company reiterated an “outperform” rating and issued a $30.00 target price on shares of Axovant Sciences in a research note on Wednesday, June 21st. Jefferies Group LLC started coverage on shares of Axovant Sciences in a research note on Monday, July 10th. They issued a “buy” rating and a $40.00 target price for the company. BidaskClub cut shares of Axovant Sciences from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut shares of Axovant Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, CIBC lifted their target price on shares of Axovant Sciences from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, June 14th. Three analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.75.
Axovant Sciences (AXON) traded down 2.52% during midday trading on Monday, hitting $20.48. 270,681 shares of the stock traded hands. The firm’s market cap is $2.20 billion. Axovant Sciences has a 1-year low of $11.01 and a 1-year high of $26.49. The company has a 50-day moving average price of $22.68 and a 200-day moving average price of $19.46.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in Axovant Sciences by 38.9% in the first quarter. Bank of America Corp DE now owns 7,396 shares of the biotechnology company’s stock worth $111,000 after buying an additional 2,072 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Axovant Sciences during the first quarter worth approximately $219,000. Primecap Management Co. CA raised its position in Axovant Sciences by 300.1% in the first quarter. Primecap Management Co. CA now owns 2,878,930 shares of the biotechnology company’s stock worth $43,011,000 after buying an additional 2,159,428 shares in the last quarter. American International Group Inc. raised its position in Axovant Sciences by 7.1% in the first quarter. American International Group Inc. now owns 15,052 shares of the biotechnology company’s stock worth $225,000 after buying an additional 998 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Axovant Sciences by 4.1% in the first quarter. JPMorgan Chase & Co. now owns 489,024 shares of the biotechnology company’s stock worth $7,306,000 after buying an additional 19,129 shares in the last quarter. 94.54% of the stock is currently owned by institutional investors.
Axovant Sciences Company Profile
Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.
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