Myriad Genetics, Inc. (MYGN) Set to Announce Quarterly Earnings on Tuesday
Myriad Genetics, Inc. (NASDAQ:MYGN) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Myriad Genetics has set its Q1 guidance at $0.19-0.21 EPS and its FY18 guidance at $1.00-1.05 EPS.
Myriad Genetics (NASDAQ:MYGN) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Myriad Genetics had a return on equity of 9.67% and a net margin of 2.83%. The firm had revenue of $200.50 million during the quarter, compared to the consensus estimate of $193.71 million. During the same period last year, the business posted $0.36 EPS. Myriad Genetics’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect Myriad Genetics to post $1.04 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.
Myriad Genetics, Inc. (NASDAQ:MYGN) traded up 0.073% during trading on Tuesday, reaching $34.475. The company had a trading volume of 367,439 shares. The company has a 50-day moving average of $34.87 and a 200-day moving average of $26.93. The firm has a market capitalization of $2.36 billion, a P/E ratio of 108.072 and a beta of 0.27. Myriad Genetics, Inc. has a 52-week low of $15.15 and a 52-week high of $37.30.
Several brokerages recently commented on MYGN. Cowen and Company reissued a “hold” rating and set a $25.00 target price on shares of Myriad Genetics in a report on Sunday, September 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 price target (up previously from $21.00) on shares of Myriad Genetics in a report on Thursday, August 10th. BidaskClub cut Myriad Genetics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Myriad Genetics from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, July 17th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $22.00 price target on shares of Myriad Genetics in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $26.40.
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About Myriad Genetics
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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