NeoGenomics, Inc. (NASDAQ:NEO) – Analysts at Gabelli cut their FY2017 EPS estimates for NeoGenomics in a note issued to investors on Thursday. Gabelli analyst S. Wojda now anticipates that the medical research company will post earnings per share of $0.01 for the year, down from their previous forecast of $0.06. Gabelli currently has a “Buy” rating and a $9.00 target price on the stock. Gabelli also issued estimates for NeoGenomics’ FY2018 earnings at $0.16 EPS.

NeoGenomics (NASDAQ:NEO) last announced its quarterly earnings results on Wednesday, October 25th. The medical research company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. NeoGenomics had a positive return on equity of 3.97% and a negative net margin of 4.78%. The business had revenue of $63.05 million during the quarter, compared to the consensus estimate of $63.11 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

Several other equities research analysts also recently issued reports on the company. Janney Montgomery Scott reaffirmed a “buy” rating on shares of NeoGenomics in a report on Thursday, October 26th. Zacks Investment Research raised NeoGenomics from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. BidaskClub downgraded NeoGenomics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. BTIG Research downgraded NeoGenomics from a “buy” rating to a “neutral” rating in a report on Monday, September 11th. Finally, ValuEngine raised NeoGenomics from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $10.33.

Shares of NeoGenomics (NEO) opened at $9.13 on Monday. NeoGenomics has a twelve month low of $7.12 and a twelve month high of $11.63. The stock has a market capitalization of $734.14, a price-to-earnings ratio of 182.60, a price-to-earnings-growth ratio of 8.70 and a beta of 0.85. The company has a current ratio of 2.14, a quick ratio of 1.99 and a debt-to-equity ratio of 0.57.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wrapmanager Inc. acquired a new stake in shares of NeoGenomics during the second quarter worth $109,000. KCG Holdings Inc. acquired a new stake in shares of NeoGenomics during the first quarter worth $118,000. Empirical Finance LLC acquired a new stake in shares of NeoGenomics during the third quarter worth $159,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of NeoGenomics by 64.0% during the third quarter. Campbell & CO Investment Adviser LLC now owns 21,544 shares of the medical research company’s stock worth $240,000 after buying an additional 8,404 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of NeoGenomics by 38.2% during the third quarter. OLD National Bancorp IN now owns 21,714 shares of the medical research company’s stock worth $242,000 after buying an additional 6,004 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

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NeoGenomics Company Profile

NeoGenomics, Inc is an operator of a network of cancer-focused genetic testing laboratories. The Company operates in Laboratory Testing Segment. This segment delivers testing services to hospitals, pathologists, oncologists, other clinicians and researchers. It has laboratory locations in Ft. Myers and Tampa, Florida; Aliso Viejo, Fresno, Irvine, and West Sacramento, California; Houston, Texas and Nashville, and Tennessee.

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