FibroGen, Inc (FGEN) Expected to Announce Quarterly Sales of $41.34 Million
Equities analysts predict that FibroGen, Inc (NASDAQ:FGEN) will post sales of $41.34 million for the current quarter, according to Zacks. Four analysts have made estimates for FibroGen’s earnings. The lowest sales estimate is $31.50 million and the highest is $48.80 million. FibroGen reported sales of $30.10 million in the same quarter last year, which indicates a positive year over year growth rate of 37.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.
On average, analysts expect that FibroGen will report full year sales of $41.34 million for the current year, with estimates ranging from $121.40 million to $139.95 million. For the next financial year, analysts forecast that the business will post sales of $238.79 million per share, with estimates ranging from $211.00 million to $268.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for FibroGen.
FibroGen (NASDAQ:FGEN) last posted its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.01). FibroGen had a negative return on equity of 64.42% and a negative net margin of 105.59%. The firm had revenue of $29.00 million during the quarter, compared to analyst estimates of $34.80 million.
A number of research firms recently weighed in on FGEN. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of FibroGen in a research note on Tuesday. William Blair reissued an “outperform” rating on shares of FibroGen in a research note on Wednesday, August 9th. Leerink Swann reissued an “outperform” rating and set a $82.00 price target (up from $52.00) on shares of FibroGen in a research note on Tuesday, August 8th. Citigroup Inc. boosted their price target on shares of FibroGen from $48.00 to $65.00 and gave the stock a “top pick” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus boosted their price target on shares of FibroGen from $38.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. FibroGen presently has a consensus rating of “Buy” and an average price target of $60.17.
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FibroGen (NASDAQ:FGEN) opened at 51.60 on Thursday. The company has a 50-day moving average of $41.83 and a 200-day moving average of $31.58. The firm’s market cap is $3.67 billion. FibroGen has a 1-year low of $15.60 and a 1-year high of $52.50.
In other FibroGen news, CEO Thomas B. Neff sold 38,636 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $29.40, for a total value of $1,135,898.40. Following the completion of the sale, the chief executive officer now owns 3,330,780 shares of the company’s stock, valued at $97,924,932. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pat Cotroneo sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $30.00, for a total transaction of $165,000.00. Following the completion of the sale, the vice president now directly owns 168,866 shares of the company’s stock, valued at approximately $5,065,980. The disclosure for this sale can be found here. Insiders sold 462,577 shares of company stock valued at $18,446,712 in the last ninety days. Insiders own 14.90% of the company’s stock.
Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in FibroGen in the first quarter valued at approximately $111,000. Quantbot Technologies LP bought a new stake in FibroGen in the second quarter valued at approximately $128,000. SG Americas Securities LLC boosted its holdings in shares of FibroGen by 6.5% in the second quarter. SG Americas Securities LLC now owns 6,747 shares of the biopharmaceutical company’s stock valued at $218,000 after buying an additional 412 shares during the period. Airain ltd acquired a new position in shares of FibroGen in the first quarter valued at approximately $236,000. Finally, Amalgamated Bank acquired a new position in shares of FibroGen in the second quarter valued at approximately $237,000. 47.49% of the stock is owned by hedge funds and other institutional investors.
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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