Puma Biotechnology Inc (PBYI) to Release Earnings on Thursday
Puma Biotechnology Inc (NYSE:PBYI) is set to release its earnings data after the market closes on Thursday, November 9th. Analysts expect Puma Biotechnology to post earnings of ($2.50) per share for the quarter.
Puma Biotechnology (NYSE:PBYI) last announced its quarterly earnings data on Wednesday, August 9th. The biopharmaceutical company reported ($2.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.32) by ($0.78). On average, analysts expect Puma Biotechnology to post $-8.83 EPS for the current fiscal year and $-4.97 EPS for the next fiscal year.
Several research analysts have weighed in on PBYI shares. Credit Suisse Group upped their price objective on shares of Puma Biotechnology from $118.00 to $136.00 and gave the company an “outperform” rating in a research note on Monday, September 11th. Leerink Swann upped their price objective on shares of Puma Biotechnology to $140.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Puma Biotechnology in a research note on Tuesday, August 1st. Stifel Nicolaus upped their price objective on shares of Puma Biotechnology from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of Puma Biotechnology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Puma Biotechnology currently has an average rating of “Buy” and a consensus price target of $126.56.
In other news, SVP Richard Paul Bryce sold 15,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $100.09, for a total transaction of $1,501,350.00. Following the transaction, the senior vice president now owns 28,239 shares in the company, valued at approximately $2,826,441.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 22.70% of the company’s stock.
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About Puma Biotechnology
Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.
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