Brokerages expect Intersect ENT, Inc. (NASDAQ:XENT) to post $21.48 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Intersect ENT’s earnings. The highest sales estimate is $22.24 million and the lowest is $21.17 million. Intersect ENT reported sales of $18.47 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The company is expected to report its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Intersect ENT will report full-year sales of $21.48 million for the current fiscal year, with estimates ranging from $91.77 million to $94.51 million. For the next financial year, analysts forecast that the firm will post sales of $112.80 million per share, with estimates ranging from $108.10 million to $120.03 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Intersect ENT.

Intersect ENT (NASDAQ:XENT) last issued its quarterly earnings data on Tuesday, August 1st. The medical equipment provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.11. The firm had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $22.62 million. Intersect ENT had a negative return on equity of 17.60% and a negative net margin of 22.94%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) EPS.

Several research analysts recently commented on the company. BidaskClub cut Intersect ENT from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. TheStreet raised Intersect ENT from a “d” rating to a “c-” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Intersect ENT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Deutsche Bank AG set a $31.00 target price on Intersect ENT and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $32.00 target price on shares of Intersect ENT in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Intersect ENT currently has an average rating of “Buy” and a consensus target price of $27.11.

Shares of Intersect ENT (NASDAQ:XENT) opened at 30.40 on Friday. The stock’s market capitalization is $887.35 million. The company’s 50 day moving average price is $30.29 and its 200-day moving average price is $23.96. Intersect ENT has a 52 week low of $7.65 and a 52 week high of $33.25.

In other news, insider Lisa D. Earnhardt sold 20,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $29.03, for a total value of $580,600.00. Following the completion of the sale, the insider now directly owns 580,868 shares of the company’s stock, valued at approximately $16,862,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeryl L. Hilleman sold 12,835 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $27.18, for a total value of $348,855.30. Following the completion of the sale, the chief financial officer now directly owns 27,835 shares of the company’s stock, valued at $756,555.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,426 shares of company stock valued at $3,346,685. Insiders own 13.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Intersect ENT by 0.4% in the 1st quarter. Wellington Management Group LLP now owns 2,921,012 shares of the medical equipment provider’s stock valued at $50,095,000 after purchasing an additional 10,683 shares during the last quarter. FMR LLC lifted its holdings in shares of Intersect ENT by 247.7% in the 2nd quarter. FMR LLC now owns 1,482,909 shares of the medical equipment provider’s stock valued at $41,447,000 after purchasing an additional 1,056,389 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Intersect ENT by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,139,623 shares of the medical equipment provider’s stock valued at $31,853,000 after purchasing an additional 71,750 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Intersect ENT by 2,746.9% in the 2nd quarter. Alliancebernstein L.P. now owns 931,505 shares of the medical equipment provider’s stock valued at $26,036,000 after purchasing an additional 898,785 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Intersect ENT by 49.8% in the 1st quarter. Neuberger Berman Group LLC now owns 884,627 shares of the medical equipment provider’s stock valued at $15,171,000 after purchasing an additional 293,949 shares during the last quarter. 83.12% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/09/15/zacks-brokerages-expect-intersect-ent-inc-xent-will-announce-quarterly-sales-of-21-48-million.html.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Get a free copy of the Zacks research report on Intersect ENT (XENT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Intersect ENT (NASDAQ:XENT)

Receive News & Ratings for Intersect ENT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intersect ENT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.