$19.16 Million in Sales Expected for Juno Therapeutics, Inc. (JUNO) This Quarter
Wall Street analysts predict that Juno Therapeutics, Inc. (NASDAQ:JUNO) will report sales of $19.16 million for the current quarter, according to Zacks. Five analysts have made estimates for Juno Therapeutics’ earnings. The lowest sales estimate is $17.00 million and the highest is $21.30 million. Juno Therapeutics reported sales of $20.83 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The firm is expected to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Juno Therapeutics will report full-year sales of $19.16 million for the current fiscal year, with estimates ranging from $66.00 million to $83.10 million. For the next year, analysts forecast that the firm will post sales of $69.99 million per share, with estimates ranging from $50.00 million to $83.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Juno Therapeutics.
Juno Therapeutics (NASDAQ:JUNO) last posted its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.24). The firm had revenue of $21.30 million for the quarter, compared to analyst estimates of $15.59 million. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. The company’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.64) earnings per share.
A number of brokerages have recently issued reports on JUNO. Zacks Investment Research cut shares of Juno Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Morgan Stanley increased their price objective on shares of Juno Therapeutics from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. FBR & Co restated a “hold” rating on shares of Juno Therapeutics in a research note on Thursday, May 18th. Vetr cut shares of Juno Therapeutics from a “buy” rating to a “hold” rating and set a $28.85 price objective for the company. in a research note on Monday, June 26th. Finally, BidaskClub upgraded shares of Juno Therapeutics from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.88.
Juno Therapeutics (NASDAQ JUNO) opened at 45.32 on Thursday. Juno Therapeutics has a 1-year low of $17.52 and a 1-year high of $45.75. The firm’s market capitalization is $4.75 billion. The firm’s 50-day moving average is $32.75 and its 200-day moving average is $26.72.
In other Juno Therapeutics news, CFO Steve Harr sold 8,750 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $30.00, for a total transaction of $262,500.00. Following the sale, the chief financial officer now owns 736,189 shares of the company’s stock, valued at approximately $22,085,670. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Klausner sold 12,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $42.66, for a total transaction of $511,920.00. Following the sale, the director now directly owns 783,536 shares in the company, valued at approximately $33,425,645.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,078,369 shares of company stock worth $218,620,477. Insiders own 15.26% of the company’s stock.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in Juno Therapeutics by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,405 shares of the biopharmaceutical company’s stock worth $102,000 after acquiring an additional 228 shares during the last quarter. Pacad Investment Ltd. bought a new stake in Juno Therapeutics during the 2nd quarter worth about $105,000. QS Investors LLC bought a new stake in Juno Therapeutics during the 2nd quarter worth about $135,000. Great West Life Assurance Co. Can grew its holdings in Juno Therapeutics by 80.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 8,518 shares of the biopharmaceutical company’s stock worth $189,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Juno Therapeutics during the 1st quarter worth about $200,000. 70.76% of the stock is currently owned by hedge funds and other institutional investors.
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About Juno Therapeutics
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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