Amicus Therapeutics, Inc. (FOLD) to Release Earnings on Monday
Amicus Therapeutics, Inc. (NASDAQ:FOLD) is set to post its quarterly earnings results before the market opens on Monday, November 6th. Analysts expect Amicus Therapeutics to post earnings of ($0.37) per share for the quarter.
Amicus Therapeutics (NASDAQ:FOLD) last issued its earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.34) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.03. Amicus Therapeutics had a negative net margin of 1,279.88% and a negative return on equity of 61.25%. The company had revenue of $7.16 million for the quarter, compared to analysts’ expectations of $6.96 million. During the same period in the prior year, the company earned ($0.40) earnings per share. On average, analysts expect Amicus Therapeutics to post $-1.31 EPS for the current fiscal year and $-0.99 EPS for the next fiscal year.
Shares of Amicus Therapeutics, Inc. (NASDAQ:FOLD) opened at 14.03 on Monday. Amicus Therapeutics, Inc. has a 12-month low of $4.41 and a 12-month high of $16.60. The company has a 50 day moving average of $14.34 and a 200-day moving average of $11.33. The firm’s market cap is $2.31 billion.
In related news, CEO John F. Crowley sold 71,735 shares of Amicus Therapeutics stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $14.75, for a total value of $1,058,091.25. Following the completion of the transaction, the chief executive officer now directly owns 380,723 shares of the company’s stock, valued at $5,615,664.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William D. Baird III sold 40,000 shares of Amicus Therapeutics stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $14.25, for a total value of $570,000.00. The disclosure for this sale can be found here. Insiders sold 628,224 shares of company stock valued at $9,024,003 over the last ninety days. 3.40% of the stock is currently owned by company insiders.
FOLD has been the subject of a number of analyst reports. Cowen and Company reissued a “buy” rating and set a $16.00 price objective (up from $10.00) on shares of Amicus Therapeutics in a report on Tuesday, July 11th. Zacks Investment Research cut Amicus Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Robert W. Baird lifted their price objective on Amicus Therapeutics from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. BidaskClub raised Amicus Therapeutics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $15.00 price objective (up from $13.00) on shares of Amicus Therapeutics in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Amicus Therapeutics presently has an average rating of “Buy” and an average target price of $17.81.
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About Amicus Therapeutics
Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.
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