Brokerages expect Agenus Inc. (NASDAQ:AGEN) to post $15.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Agenus’ earnings. The highest sales estimate is $27.60 million and the lowest is $3.56 million. Agenus reported sales of $5.58 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 179.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Agenus will report full-year sales of $15.58 million for the current financial year, with estimates ranging from $38.08 million to $63.00 million. For the next fiscal year, analysts expect that the business will post sales of $21.46 million per share. Zacks’ sales calculations are an average based on a survey of research analysts that cover Agenus.

Agenus (NASDAQ:AGEN) last issued its earnings results on Tuesday, November 7th. The biotechnology company reported ($0.37) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.37). The firm had revenue of $3.40 million during the quarter, compared to the consensus estimate of $5.91 million. The firm’s revenue for the quarter was down 24.4% on a year-over-year basis.

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

Shares of Agenus (NASDAQ AGEN) opened at $3.84 on Tuesday. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.55 and a current ratio of 1.55. Agenus has a fifty-two week low of $3.20 and a fifty-two week high of $5.45.

In other news, CEO Garo H. Armen bought 100,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $3.55 per share, with a total value of $355,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC raised its holdings in Agenus by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 204,576 shares of the biotechnology company’s stock valued at $800,000 after acquiring an additional 1,283 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Agenus by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 63,595 shares of the biotechnology company’s stock valued at $248,000 after acquiring an additional 4,006 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in Agenus by 12.2% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 55,920 shares of the biotechnology company’s stock valued at $211,000 after acquiring an additional 6,101 shares during the period. Voya Investment Management LLC raised its holdings in Agenus by 18.5% in the 2nd quarter. Voya Investment Management LLC now owns 40,855 shares of the biotechnology company’s stock valued at $160,000 after acquiring an additional 6,381 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Agenus by 9.7% in the 2nd quarter. Teachers Advisors LLC now owns 141,776 shares of the biotechnology company’s stock valued at $554,000 after acquiring an additional 12,509 shares during the period. 37.90% of the stock is currently owned by hedge funds and other institutional investors.

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About Agenus

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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