Wall Street brokerages forecast that Myriad Genetics, Inc. (NASDAQ:MYGN) will report $188.75 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Myriad Genetics’ earnings. The highest sales estimate is $189.93 million and the lowest is $188.00 million. Myriad Genetics reported sales of $196.50 million in the same quarter last year, which indicates a negative year over year growth rate of 3.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Myriad Genetics will report full-year sales of $188.75 million for the current year, with estimates ranging from $758.90 million to $782.01 million. For the next financial year, analysts anticipate that the firm will report sales of $806.00 million per share, with estimates ranging from $769.32 million to $842.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Myriad Genetics.

Myriad Genetics (NASDAQ:MYGN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Myriad Genetics had a return on equity of 9.54% and a net margin of 13.28%. The firm had revenue of $190.20 million during the quarter, compared to analyst estimates of $183.52 million. During the same quarter in the previous year, the firm earned $0.23 EPS. Myriad Genetics’s quarterly revenue was up 7.2% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. ValuEngine lowered shares of Myriad Genetics from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank upped their price target on Myriad Genetics from $28.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Morgan Stanley upped their price target on Myriad Genetics from $24.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised Myriad Genetics from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, October 17th. Finally, Leerink Swann reaffirmed a “market perform” rating and set a $31.00 price objective on shares of Myriad Genetics in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.10.

In other Myriad Genetics news, insider Alexander Ford sold 3,031 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $31.64, for a total transaction of $95,900.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised its holdings in shares of Myriad Genetics by 11.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 48,710 shares of the company’s stock valued at $1,762,000 after buying an additional 4,853 shares during the period. Vanguard Group Inc. increased its holdings in Myriad Genetics by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,307,738 shares of the company’s stock worth $162,992,000 after purchasing an additional 56,708 shares during the period. Airain ltd purchased a new stake in Myriad Genetics during the 2nd quarter worth about $1,097,000. PDT Partners LLC purchased a new stake in Myriad Genetics during the 2nd quarter worth about $8,481,000. Finally, Shell Asset Management Co. increased its holdings in Myriad Genetics by 34.3% during the 3rd quarter. Shell Asset Management Co. now owns 54,867 shares of the company’s stock worth $2,116,000 after purchasing an additional 14,021 shares during the period.

Myriad Genetics (MYGN) opened at $33.53 on Tuesday. Myriad Genetics has a 52-week low of $15.15 and a 52-week high of $37.30. The firm has a market capitalization of $2,341.72, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.14 and a beta of 0.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.06.

TRADEMARK VIOLATION WARNING: “Myriad Genetics, Inc. (MYGN) Expected to Post Quarterly Sales of $188.75 Million” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/12/05/myriad-genetics-inc-mygn-expected-to-post-quarterly-sales-of-188-75-million.html.

About Myriad Genetics

Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.

Get a free copy of the Zacks research report on Myriad Genetics (MYGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Myriad Genetics (NASDAQ:MYGN)

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