Equities analysts forecast that Agenus Inc. (NASDAQ:AGEN) will post earnings per share of ($0.37) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Agenus’ earnings. Agenus posted earnings of ($0.30) per share in the same quarter last year, which indicates a negative year over year growth rate of 23.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Agenus will report full-year earnings of ($1.19) per share for the current fiscal year, with EPS estimates ranging from ($1.25) to ($1.12). For the next year, analysts forecast that the business will report earnings of ($1.39) per share, with EPS estimates ranging from ($1.40) to ($1.37). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Agenus.

Agenus (NASDAQ:AGEN) last issued its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported ($0.37) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.37). The business had revenue of $3.40 million for the quarter, compared to the consensus estimate of $5.91 million. The company’s quarterly revenue was down 24.4% compared to the same quarter last year.

A number of analysts recently commented on the company. ValuEngine upgraded Agenus from a “strong sell” rating to a “sell” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded Agenus from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.81.

In other news, CEO Garo H. Armen bought 100,000 shares of the stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $3.55 per share, for a total transaction of $355,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Agenus in the third quarter valued at $134,000. OxFORD Asset Management LLP bought a new stake in shares of Agenus in the second quarter valued at $141,000. Voya Investment Management LLC raised its stake in shares of Agenus by 18.5% in the second quarter. Voya Investment Management LLC now owns 40,855 shares of the biotechnology company’s stock valued at $160,000 after buying an additional 6,381 shares during the period. State of Wisconsin Investment Board bought a new stake in shares of Agenus during the 2nd quarter valued at $207,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Agenus by 12.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 55,920 shares of the biotechnology company’s stock valued at $211,000 after purchasing an additional 6,101 shares during the period. Hedge funds and other institutional investors own 37.90% of the company’s stock.

Shares of Agenus (NASDAQ AGEN) opened at $3.97 on Friday. Agenus has a fifty-two week low of $3.20 and a fifty-two week high of $5.45. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of -2.39.

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Agenus Company Profile

Agenus Inc (Agenus) is an immuno-oncology (I-O) company. The Company focuses on the discovery and development of therapies that engage the body’s immune system to fight cancer. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies designed to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin-based vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).

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Earnings History and Estimates for Agenus (NASDAQ:AGEN)

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