Intrexon Corporation (XON) Expected to Post Quarterly Sales of $48.79 Million
Wall Street brokerages forecast that Intrexon Corporation (NYSE:XON) will post $48.79 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Intrexon’s earnings. The lowest sales estimate is $44.65 million and the highest is $51.91 million. Intrexon posted sales of $46.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The firm is scheduled to report its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Intrexon will report full-year sales of $48.79 million for the current year, with estimates ranging from $197.50 million to $206.11 million. For the next financial year, analysts forecast that the firm will post sales of $249.15 million per share, with estimates ranging from $217.00 million to $281.22 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Intrexon.
A number of research firms have recently issued reports on XON. Northland Securities set a $30.00 price target on Intrexon and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub lowered Intrexon from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. JMP Securities restated an “outperform” rating and issued a $42.00 price target on shares of Intrexon in a research report on Thursday, October 5th. Griffin Securities restated a “buy” rating and issued a $55.00 price target on shares of Intrexon in a research report on Friday, October 6th. Finally, Bank of America dropped their price target on Intrexon from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Intrexon presently has a consensus rating of “Hold” and an average target price of $38.50.
Shares of Intrexon (XON) opened at $13.55 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.05 and a debt-to-equity ratio of 0.01. Intrexon has a 52 week low of $10.26 and a 52 week high of $30.96.
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Intrexon Company Profile
Intrexon Corporation (Intrexon) forms collaborations to create biologically-based products and processes using synthetic biology. The Company’s domestic operations are in California, Florida, Maryland, and Virginia, and its primary international operations are in Belgium and Hungary. The Company designs, builds and regulates gene programs, which are deoxyribonucleic acid (DNA) sequences that consist of genetic components.
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