Xenon Pharmaceuticals Inc. (XENE) Set to Announce Quarterly Earnings on Wednesday
Xenon Pharmaceuticals Inc. (NASDAQ:XENE) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.
Xenon Pharmaceuticals (NASDAQ:XENE) last announced its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.03). Xenon Pharmaceuticals had a negative return on equity of 47.53% and a negative net margin of 3,489.63%. The company had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.38 million. On average, analysts expect Xenon Pharmaceuticals to post $-0.96 EPS for the current fiscal year and $-1.23 EPS for the next fiscal year.
Shares of Xenon Pharmaceuticals Inc. (NASDAQ:XENE) opened at 3.10 on Wednesday. The company’s 50-day moving average price is $3.05 and its 200 day moving average price is $3.43. The company’s market cap is $55.79 million. Xenon Pharmaceuticals Inc. has a one year low of $2.25 and a one year high of $9.95.
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A number of brokerages have issued reports on XENE. Zacks Investment Research upgraded Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Jefferies Group LLC set a $5.00 price objective on Xenon Pharmaceuticals and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $5.00 price objective on shares of Xenon Pharmaceuticals in a research note on Tuesday, June 27th.
In other Xenon Pharmaceuticals news, Director Mohammad Azab bought 10,000 shares of Xenon Pharmaceuticals stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $2.95 per share, with a total value of $29,500.00. Following the acquisition, the director now owns 21,210 shares in the company, valued at $62,569.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bvf Partners L. P/Il bought 18,858 shares of Xenon Pharmaceuticals stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $2.41 per share, with a total value of $45,447.78. The disclosure for this purchase can be found here. In the last three months, insiders acquired 210,739 shares of company stock valued at $568,975. Corporate insiders own 9.40% of the company’s stock.
About Xenon Pharmaceuticals
Xenon Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company. It is engaged in discovering and developing a pipeline of differentiated therapeutics for orphan indications. Its product pipeline includes: Glybera, TV-45070, GDC-0310, XEN901 (Nav1.6 inhibitor) and XEN1101. Glybera is used for the treatment of lipoprotein lipase deficiency (LPLD).
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