Intercept Pharmaceuticals, Inc. (ICPT) Expected to Post Earnings of -$3.47 Per Share
Wall Street analysts forecast that Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) will report earnings per share (EPS) of ($3.47) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Intercept Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($4.08) and the highest estimate coming in at ($2.97). Intercept Pharmaceuticals reported earnings per share of ($4.84) in the same quarter last year, which suggests a positive year over year growth rate of 28.3%. The business is expected to issue its next earnings results on Thursday, February 22nd.
On average, analysts expect that Intercept Pharmaceuticals will report full year earnings of ($13.79) per share for the current fiscal year, with EPS estimates ranging from ($14.77) to ($13.03). For the next financial year, analysts anticipate that the business will post earnings of ($11.99) per share, with EPS estimates ranging from ($15.66) to ($8.15). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Intercept Pharmaceuticals.
Intercept Pharmaceuticals (NASDAQ:ICPT) last announced its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($2.89) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.48) by $0.59. Intercept Pharmaceuticals had a negative net margin of 344.74% and a negative return on equity of 152.78%. The firm had revenue of $41.33 million for the quarter, compared to the consensus estimate of $36.95 million. During the same period in the previous year, the firm posted ($3.59) earnings per share. The firm’s revenue was up 697.9% on a year-over-year basis.
ICPT has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Intercept Pharmaceuticals in a research report on Thursday, September 14th. They set an “outperform” rating and a $244.00 price objective on the stock. Laidlaw lowered their price objective on shares of Intercept Pharmaceuticals from $118.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, September 22nd. BidaskClub raised shares of Intercept Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Wedbush reaffirmed a “buy” rating on shares of Intercept Pharmaceuticals in a research report on Monday, July 31st. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and set a $69.00 price objective on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Intercept Pharmaceuticals currently has an average rating of “Hold” and an average price target of $153.76.
Shares of Intercept Pharmaceuticals (NASDAQ ICPT) traded up $0.84 on Friday, reaching $62.47. 1,146,749 shares of the company were exchanged, compared to its average volume of 1,186,875.
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In related news, CEO Mark Pruzanski sold 1,532 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $58.87, for a total transaction of $90,188.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO David Shapiro sold 1,250 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $117.43, for a total transaction of $146,787.50. Following the transaction, the chief marketing officer now owns 45,812 shares of the company’s stock, valued at $5,379,703.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,069 shares of company stock valued at $325,974. Corporate insiders own 9.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Sphera Funds Management LTD. raised its stake in Intercept Pharmaceuticals by 100.0% during the 2nd quarter. Sphera Funds Management LTD. now owns 30,000 shares of the biopharmaceutical company’s stock valued at $3,632,000 after purchasing an additional 15,000 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Intercept Pharmaceuticals by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,328,133 shares of the biopharmaceutical company’s stock valued at $160,797,000 after buying an additional 57,149 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Intercept Pharmaceuticals by 9.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,152 shares of the biopharmaceutical company’s stock valued at $244,000 after buying an additional 178 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Intercept Pharmaceuticals by 85.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 6,798 shares of the biopharmaceutical company’s stock valued at $824,000 after buying an additional 3,136 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Intercept Pharmaceuticals by 12.8% in the 1st quarter. Geode Capital Management LLC now owns 144,130 shares of the biopharmaceutical company’s stock valued at $16,301,000 after buying an additional 16,392 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.
Intercept Pharmaceuticals Company Profile
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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