Analysts Expect Intercept Pharmaceuticals, Inc. (ICPT) Will Post Earnings of -$3.53 Per Share
Wall Street brokerages expect that Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) will announce earnings of ($3.53) per share for the current quarter, according to Zacks. Five analysts have issued estimates for Intercept Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($3.18) and the lowest estimate coming in at ($3.78). Intercept Pharmaceuticals reported earnings per share of ($3.59) during the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Intercept Pharmaceuticals will report full-year earnings of ($14.07) per share for the current fiscal year, with EPS estimates ranging from ($14.80) to ($13.26). For the next financial year, analysts expect that the business will report earnings of ($11.47) per share, with EPS estimates ranging from ($14.81) to ($7.26). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Intercept Pharmaceuticals.
Intercept Pharmaceuticals (NASDAQ:ICPT) last released its earnings results on Monday, July 31st. The biopharmaceutical company reported ($3.46) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.62) by $0.16. Intercept Pharmaceuticals had a negative return on equity of 135.24% and a negative net margin of 543.35%. The firm had revenue of $30.89 million during the quarter, compared to analysts’ expectations of $27.50 million. During the same period in the previous year, the firm posted ($3.14) EPS. Intercept Pharmaceuticals’s revenue for the quarter was up 459.6% on a year-over-year basis.
Several equities research analysts have weighed in on ICPT shares. Credit Suisse Group increased their target price on shares of Intercept Pharmaceuticals from $198.00 to $201.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Wedbush reiterated an “outperform” rating and issued a $231.00 target price on shares of Intercept Pharmaceuticals in a report on Friday, May 26th. ValuEngine upgraded shares of Intercept Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Cowen and Company reiterated a “buy” rating on shares of Intercept Pharmaceuticals in a report on Monday, June 12th. Finally, BidaskClub upgraded shares of Intercept Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $205.04.
Intercept Pharmaceuticals (ICPT) traded down 0.11% on Thursday, reaching $117.48. The company had a trading volume of 279,609 shares. The firm has a 50-day moving average of $113.59 and a 200-day moving average of $117.24. Intercept Pharmaceuticals has a 12 month low of $96.63 and a 12 month high of $172.95. The stock’s market capitalization is $2.95 billion.
In related news, CEO Mark Pruzanski sold 40,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $130.80, for a total value of $5,232,000.00. Following the completion of the transaction, the chief executive officer now owns 611,718 shares of the company’s stock, valued at $80,012,714.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Bright sold 394 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $121.33, for a total transaction of $47,804.02. Following the completion of the transaction, the insider now directly owns 23,619 shares of the company’s stock, valued at approximately $2,865,693.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,013 shares of company stock valued at $6,198,747. 9.20% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Intercept Pharmaceuticals by 0.7% in the 2nd quarter. FMR LLC now owns 3,750,678 shares of the biopharmaceutical company’s stock valued at $454,094,000 after acquiring an additional 25,958 shares during the period. Carmignac Gestion grew its position in shares of Intercept Pharmaceuticals by 0.4% in the 2nd quarter. Carmignac Gestion now owns 2,035,592 shares of the biopharmaceutical company’s stock valued at $246,449,000 after acquiring an additional 7,400 shares during the period. Vanguard Group Inc. grew its position in shares of Intercept Pharmaceuticals by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,328,133 shares of the biopharmaceutical company’s stock valued at $160,797,000 after acquiring an additional 57,149 shares during the period. State Street Corp grew its position in shares of Intercept Pharmaceuticals by 7.3% in the 1st quarter. State Street Corp now owns 805,550 shares of the biopharmaceutical company’s stock valued at $91,110,000 after acquiring an additional 54,523 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Intercept Pharmaceuticals by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 287,411 shares of the biopharmaceutical company’s stock valued at $34,797,000 after acquiring an additional 41,856 shares during the period. 82.19% of the stock is owned by institutional investors and hedge funds.
Intercept Pharmaceuticals Company Profile
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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