Agios Pharmaceuticals, Inc. (AGIO) Set to Announce Earnings on Wednesday
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) is set to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Agios Pharmaceuticals to post earnings of ($1.78) per share for the quarter.
Agios Pharmaceuticals (NASDAQ:AGIO) last released its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.78) EPS for the quarter, missing the consensus estimate of ($1.57) by ($0.21). Agios Pharmaceuticals had a negative return on equity of 68.15% and a negative net margin of 502.12%. The company had revenue of $11.30 million during the quarter, compared to analysts’ expectations of $10.68 million. During the same period last year, the firm posted ($1.47) EPS. Agios Pharmaceuticals’s quarterly revenue was up 62.1% compared to the same quarter last year. On average, analysts expect Agios Pharmaceuticals to post $-6.89 EPS for the current fiscal year and $-6.93 EPS for the next fiscal year.
Agios Pharmaceuticals, Inc. (NASDAQ AGIO) opened at 66.71 on Wednesday. The stock’s market cap is $3.23 billion. The stock has a 50 day moving average of $67.45 and a 200 day moving average of $57.38. Agios Pharmaceuticals, Inc. has a 12-month low of $39.24 and a 12-month high of $72.73.
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A number of equities research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $83.00 price target (up previously from $75.00) on shares of Agios Pharmaceuticals in a research note on Thursday, August 10th. J P Morgan Chase & Co reissued a “buy” rating and issued a $76.00 price target on shares of Agios Pharmaceuticals in a research note on Monday, September 18th. Royal Bank Of Canada assumed coverage on shares of Agios Pharmaceuticals in a research note on Thursday, September 14th. They issued an “outperform” rating and a $78.00 price target on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $80.00 price target (up previously from $68.00) on shares of Agios Pharmaceuticals in a research note on Tuesday, August 8th. Finally, Leerink Swann raised shares of Agios Pharmaceuticals from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $80.00 in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Agios Pharmaceuticals currently has a consensus rating of “Buy” and an average target price of $75.20.
In other news, CEO David P. Schenkein sold 27,000 shares of Agios Pharmaceuticals stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $59.95, for a total transaction of $1,618,650.00. Following the transaction, the chief executive officer now owns 3,000 shares in the company, valued at approximately $179,850. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lewis Clayton Jr. Cantley sold 4,000 shares of Agios Pharmaceuticals stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $71.10, for a total value of $284,400.00. Following the transaction, the director now owns 84,394 shares in the company, valued at approximately $6,000,413.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,908 shares of company stock worth $14,628,238. Insiders own 10.55% of the company’s stock.
Agios Pharmaceuticals Company Profile
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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