MacroGenics, Inc. (MGNX) Set to Announce Quarterly Earnings on Tuesday
MacroGenics, Inc. (NASDAQ:MGNX) is set to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.89) per share for the quarter.
MacroGenics (NASDAQ:MGNX) last issued its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($1.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.05) by ($0.09). MacroGenics had a negative return on equity of 56.81% and a negative net margin of 1,216.51%. The business had revenue of $1.70 million for the quarter, compared to analysts’ expectations of $15.82 million. During the same period last year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was down 97.9% on a year-over-year basis. On average, analysts expect MacroGenics to post $-4.26 EPS for the current fiscal year and $-3.94 EPS for the next fiscal year.
MacroGenics, Inc. (NASDAQ:MGNX) opened at 16.84 on Tuesday. MacroGenics, Inc. has a 52 week low of $14.36 and a 52 week high of $31.85. The stock’s market capitalization is $619.68 million. The stock’s 50 day moving average is $17.69 and its 200-day moving average is $18.14.
A number of research analysts recently commented on the company. BidaskClub downgraded MacroGenics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Morgan Stanley dropped their price target on MacroGenics from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Zacks Investment Research raised MacroGenics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Cowen and Company reaffirmed a “buy” rating on shares of MacroGenics in a research note on Friday, August 4th. Finally, ValuEngine downgraded MacroGenics from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.30.
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MacroGenics Company Profile
MacroGenics, Inc is a clinical-stage biopharmaceutical company focused on discovering and developing monoclonal antibody-based therapeutics for the treatment of cancer, as well as various autoimmune disorders and infectious diseases. The Company develops therapeutic product candidates using its antibody-based technology platforms and also in collaboration with other biopharmaceutical companies.
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