Intersect ENT, Inc. (NASDAQ:XENT) announced its quarterly earnings results on Thursday. The medical equipment provider reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05, Bloomberg Earnings reports. The business had revenue of $22.31 million for the quarter, compared to analyst estimates of $21.53 million. Intersect ENT had a negative return on equity of 16.02% and a negative net margin of 19.81%. Intersect ENT’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.22) EPS.

Shares of Intersect ENT (NASDAQ XENT) traded up $0.15 on Friday, hitting $28.45. The stock had a trading volume of 239,722 shares, compared to its average volume of 196,048.

XENT has been the topic of a number of recent analyst reports. Bank of America Corporation boosted their price objective on Intersect ENT from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity boosted their price objective on Intersect ENT from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. BidaskClub lowered Intersect ENT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 price objective on shares of Intersect ENT in a research note on Tuesday, August 22nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/03/intersect-ent-inc-xent-announces-quarterly-earnings-results-beats-expectations-by-0-05-eps.html.

In other news, COO Richard E. Kaufman sold 22,425 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $30.22, for a total transaction of $677,683.50. Following the completion of the sale, the chief operating officer now owns 149,821 shares of the company’s stock, valued at $4,527,590.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa D. Earnhardt sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $30.79, for a total transaction of $615,800.00. Following the sale, the insider now directly owns 525,868 shares of the company’s stock, valued at approximately $16,191,475.72. The disclosure for this sale can be found here. Insiders have sold 121,730 shares of company stock valued at $3,642,747 in the last three months. Corporate insiders own 13.70% of the company’s stock.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Earnings History for Intersect ENT (NASDAQ:XENT)

Receive News & Ratings for Intersect ENT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intersect ENT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.