Wall Street brokerages expect FibroGen Inc (NASDAQ:FGEN) to report sales of $45.37 million for the current quarter, according to Zacks. Four analysts have provided estimates for FibroGen’s earnings, with the highest sales estimate coming in at $57.03 million and the lowest estimate coming in at $37.64 million. FibroGen reported sales of $31.91 million in the same quarter last year, which indicates a positive year over year growth rate of 42.2%. The company is expected to report its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that FibroGen will report full-year sales of $45.37 million for the current fiscal year, with estimates ranging from $120.80 million to $140.19 million. For the next year, analysts expect that the firm will post sales of $229.55 million per share, with estimates ranging from $207.00 million to $248.35 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for FibroGen.
FGEN has been the topic of a number of analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $75.00 target price on shares of FibroGen in a report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target on shares of FibroGen in a report on Thursday, September 14th. Mizuho initiated coverage on shares of FibroGen in a report on Wednesday, October 4th. They issued a “neutral” rating and a $61.00 price target on the stock. ValuEngine lowered shares of FibroGen from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub lowered shares of FibroGen from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.67.
Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of FibroGen by 71.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 57,502 shares of the biopharmaceutical company’s stock worth $1,857,000 after purchasing an additional 23,875 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of FibroGen by 107.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 8,694 shares of the biopharmaceutical company’s stock worth $280,000 after purchasing an additional 4,494 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of FibroGen by 15.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 272,574 shares of the biopharmaceutical company’s stock worth $8,805,000 after purchasing an additional 36,201 shares during the period. First Trust Advisors LP purchased a new stake in shares of FibroGen in the 2nd quarter worth about $599,000. Finally, Rhumbline Advisers lifted its position in shares of FibroGen by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 68,167 shares of the biopharmaceutical company’s stock worth $2,202,000 after purchasing an additional 6,986 shares during the period. 57.23% of the stock is owned by institutional investors and hedge funds.
FibroGen (NASDAQ FGEN) traded up $3.30 during trading on Wednesday, reaching $50.70. 490,500 shares of the company were exchanged, compared to its average volume of 447,700. The company has a quick ratio of 10.83, a current ratio of 10.83 and a debt-to-equity ratio of 0.16. The company has a market cap of $4,150.00, a price-to-earnings ratio of -24.98 and a beta of 1.55. FibroGen has a twelve month low of $20.95 and a twelve month high of $60.15.
FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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