Lexicon Pharmaceuticals, Inc. (LXRX) Set to Announce Earnings on Monday
Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) is set to post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Lexicon Pharmaceuticals to post earnings of ($0.36) per share for the quarter.
Lexicon Pharmaceuticals (NASDAQ:LXRX) last issued its quarterly earnings results on Tuesday, August 1st. The biopharmaceutical company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.12. The company had revenue of $12.00 million for the quarter, compared to the consensus estimate of $18.34 million. Lexicon Pharmaceuticals had a negative return on equity of 94.87% and a negative net margin of 170.63%. Lexicon Pharmaceuticals’s revenue for the quarter was down 40.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.37) earnings per share. On average, analysts expect Lexicon Pharmaceuticals to post $-1.47 EPS for the current fiscal year and $-0.96 EPS for the next fiscal year.
Shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) traded down 0.63% during trading on Monday, reaching $11.09. The company’s stock had a trading volume of 15,573 shares. The firm’s market capitalization is $1.17 billion. Lexicon Pharmaceuticals, Inc. has a 52 week low of $10.96 and a 52 week high of $18.00. The company has a 50 day moving average price of $12.54 and a 200 day moving average price of $14.75.
LXRX has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $21.00 price target on shares of Lexicon Pharmaceuticals in a research note on Sunday, September 17th. BidaskClub lowered Lexicon Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Cowen and Company reissued a “hold” rating on shares of Lexicon Pharmaceuticals in a research note on Tuesday, August 1st. Zacks Investment Research raised Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Wedbush reissued an “ourperform” rating and set a $39.00 price target on shares of Lexicon Pharmaceuticals in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.75.
In related news, insider Lonnel Coats bought 30,000 shares of Lexicon Pharmaceuticals stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $12.54 per share, with a total value of $376,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.77% of the stock is currently owned by corporate insiders.
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About Lexicon Pharmaceuticals
Lexicon Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of breakthrough treatments for human disease. Its drug programs include XERMELO (telotristat ethyl), sotagliflozin, LX2761 and LX9211. It also has a number of additional compounds into various stages of clinical and preclinical development.
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