Zafgen, Inc. (ZFGN) Set to Announce Quarterly Earnings on Tuesday
Zafgen, Inc. (NASDAQ:ZFGN) is set to announce its earnings results on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.58) per share for the quarter.
Zafgen (NASDAQ:ZFGN) last issued its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.49) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.03. During the same period in the previous year, the firm earned ($0.55) earnings per share. On average, analysts expect Zafgen to post $-2.1 EPS for the current fiscal year and $-1.39 EPS for the next fiscal year.
Shares of Zafgen, Inc. (NASDAQ:ZFGN) opened at 3.49 on Tuesday. The firm has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.76. The stock’s market capitalization is $95.92 million. Zafgen, Inc. has a one year low of $2.89 and a one year high of $5.46.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Zafgen from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. ValuEngine raised Zafgen from a “strong sell” rating to a “sell” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.38.
In related news, Director Frances K. Heller bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $39,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.20% of the company’s stock.
Zafgen, Inc is a biopharmaceutical company. The Company is focused on improving the health and well-being of patients affected by obesity and complex metabolic disorders. The Company’s lead product candidate, Beloranib, is a twice-weekly subcutaneous injection being developed for the treatment of multiple indications, including severe obesity in rare diseases, such as Prader-Willi syndrome (PWS) and hypothalamic injury-associated obesity (HIAO), including craniopharyngioma-associated obesity.
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