Intercept Pharmaceuticals, Inc. (ICPT) Scheduled to Post Earnings on Wednesday
Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) is set to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Intercept Pharmaceuticals to post earnings of ($3.48) per share for the quarter.
Intercept Pharmaceuticals (NASDAQ:ICPT) last issued its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($3.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.62) by $0.16. Intercept Pharmaceuticals had a negative net margin of 543.35% and a negative return on equity of 135.24%. The business had revenue of $30.89 million for the quarter, compared to analysts’ expectations of $27.50 million. During the same period in the previous year, the business earned ($3.14) earnings per share. The company’s revenue was up 459.6% on a year-over-year basis. On average, analysts expect Intercept Pharmaceuticals to post $-14.15 EPS for the current fiscal year and $-12.22 EPS for the next fiscal year.
Shares of Intercept Pharmaceuticals, Inc. (NASDAQ ICPT) opened at 61.92 on Wednesday. The company’s market capitalization is $1.55 billion. The company’s 50 day moving average is $78.07 and its 200-day moving average is $106.30. Intercept Pharmaceuticals, Inc. has a 52 week low of $54.98 and a 52 week high of $135.59.
Several equities analysts have recently issued reports on ICPT shares. Wedbush reaffirmed a “buy” rating on shares of Intercept Pharmaceuticals in a research note on Monday, July 31st. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $69.00 price target (up previously from $60.00) on shares of Intercept Pharmaceuticals in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $275.00 price target on shares of Intercept Pharmaceuticals in a research note on Sunday, July 30th. BidaskClub raised Intercept Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised Intercept Pharmaceuticals from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Intercept Pharmaceuticals has a consensus rating of “Hold” and a consensus price target of $153.76.
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In other Intercept Pharmaceuticals news, Director Daniel G. Welch sold 602 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $123.93, for a total value of $74,605.86. Following the completion of the sale, the director now directly owns 3,108 shares in the company, valued at $385,174.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO David Shapiro sold 1,118 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $119.00, for a total value of $133,042.00. Following the completion of the sale, the chief marketing officer now owns 45,680 shares of the company’s stock, valued at $5,435,920. The disclosure for this sale can be found here. Insiders sold 6,061 shares of company stock valued at $565,289 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.
About Intercept Pharmaceuticals
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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