Endocyte, Inc. (ECYT) Expected to Post Earnings of -$0.35 Per Share
Analysts expect that Endocyte, Inc. (NASDAQ:ECYT) will post ($0.35) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Endocyte’s earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.51). Endocyte reported earnings per share of ($0.21) during the same quarter last year, which would suggest a negative year-over-year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that Endocyte will report full-year earnings of ($1.06) per share for the current fiscal year, with EPS estimates ranging from ($1.22) to ($0.89). For the next financial year, analysts expect that the company will post earnings of ($0.85) per share, with EPS estimates ranging from ($0.89) to ($0.80). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Endocyte.
Endocyte (NASDAQ:ECYT) last announced its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.03). The company had revenue of $0.01 million during the quarter. Endocyte had a negative net margin of 61,437.14% and a negative return on equity of 32.68%. During the same period in the previous year, the company earned ($0.25) EPS.
A number of equities research analysts have weighed in on ECYT shares. Wedbush raised shares of Endocyte from a “neutral” rating to an “outperform” rating and upped their price target for the company from $2.00 to $7.00 in a report on Tuesday. ValuEngine upgraded Endocyte from a “strong sell” rating to a “sell” rating in a report on Monday. Cowen and Company reiterated a “hold” rating on shares of Endocyte in a report on Monday. Finally, Zacks Investment Research downgraded Endocyte from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.00.
Endocyte (NASDAQ ECYT) opened at 5.70 on Friday. The stock’s market cap is $242.68 million. The stock has a 50 day moving average of $1.81 and a 200-day moving average of $1.91. Endocyte has a one year low of $1.17 and a one year high of $6.55.
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Several hedge funds and other institutional investors have recently modified their holdings of ECYT. Goldman Sachs Group Inc. raised its stake in shares of Endocyte by 1,064.3% in the second quarter. Goldman Sachs Group Inc. now owns 430,994 shares of the biopharmaceutical company’s stock valued at $646,000 after purchasing an additional 393,975 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Endocyte by 284.4% in the first quarter. Renaissance Technologies LLC now owns 192,561 shares of the biopharmaceutical company’s stock valued at $495,000 after buying an additional 142,461 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Endocyte in the second quarter valued at $196,000. Spark Investment Management LLC acquired a new stake in shares of Endocyte in the second quarter valued at $177,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Endocyte by 57.8% in the first quarter. Parametric Portfolio Associates LLC now owns 162,329 shares of the biopharmaceutical company’s stock valued at $417,000 after buying an additional 59,454 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.
Endocyte Company Profile
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