MyoKardia, Inc. (MYOK) to Release Quarterly Earnings on Monday
MyoKardia, Inc. (NASDAQ:MYOK) is scheduled to be announcing its earnings results on Monday, November 6th. Analysts expect the company to announce earnings of ($0.42) per share for the quarter.
MyoKardia (NASDAQ:MYOK) last announced its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.04). MyoKardia had a negative net margin of 44.65% and a negative return on equity of 16.35%. The business had revenue of $5.60 million during the quarter, compared to analyst estimates of $6.73 million. During the same period last year, the company earned ($0.37) EPS. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, analysts expect MyoKardia to post $-1.6 EPS for the current fiscal year and $-1.44 EPS for the next fiscal year.
Shares of MyoKardia, Inc. (MYOK) traded up 0.066% during trading on Monday, hitting $37.825. The stock had a trading volume of 13,127 shares. The stock’s 50 day moving average is $41.45 and its 200-day moving average is $41.45. MyoKardia, Inc. has a 12-month low of $10.55 and a 12-month high of $49.55. The company’s market cap is $1.19 billion.
Several equities research analysts have recently issued reports on MYOK shares. Zacks Investment Research cut MyoKardia from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Credit Suisse Group restated an “outperform” rating and set a $55.00 price objective (up previously from $45.00) on shares of MyoKardia in a report on Tuesday, September 19th. TheStreet upgraded MyoKardia from a “d+” rating to a “c” rating in a report on Thursday, July 6th. BidaskClub upgraded MyoKardia from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Finally, Cowen and Company raised their price objective on MyoKardia from $28.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. MyoKardia presently has an average rating of “Buy” and a consensus price target of $55.00.
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In related news, CEO Anastasios Gianakakos sold 4,300 shares of MyoKardia stock in a transaction on Friday, August 4th. The stock was sold at an average price of $16.62, for a total value of $71,466.00. Following the transaction, the chief executive officer now owns 512,463 shares in the company, valued at $8,517,135.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sanofi bought 350,000 shares of MyoKardia stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $35.50 per share, for a total transaction of $12,425,000.00. The disclosure for this purchase can be found here. Insiders sold 1,753,513 shares of company stock worth $73,876,995 in the last quarter. 33.40% of the stock is owned by insiders.
MyoKardia, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the treatment of heritable cardiomyopathies, a group of rare, genetically-driven forms of heart failure that result from biomechanical defects in cardiac muscle contraction. The Company is engaged in the business of developing and commercializing therapeutics.
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