MacroGenics Inc (MGNX) Expected to Post Earnings of $2.58 Per Share
Brokerages predict that MacroGenics Inc (NASDAQ:MGNX) will announce earnings per share (EPS) of $2.58 for the current quarter, according to Zacks. Five analysts have issued estimates for MacroGenics’ earnings, with the lowest EPS estimate coming in at $2.29 and the highest estimate coming in at $2.99. MacroGenics posted earnings per share of ($1.00) in the same quarter last year, which would suggest a positive year over year growth rate of 358%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that MacroGenics will report full-year earnings of ($0.70) per share for the current financial year, with EPS estimates ranging from ($0.94) to ($0.43). For the next year, analysts expect that the business will report earnings of ($5.04) per share, with EPS estimates ranging from ($5.69) to ($4.33). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover MacroGenics.
MacroGenics (NASDAQ:MGNX) last released its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($1.28) earnings per share for the quarter, missing the consensus estimate of ($1.09) by ($0.19). MacroGenics had a negative return on equity of 69.31% and a negative net margin of 1,526.55%. The firm had revenue of $1.70 million for the quarter, compared to the consensus estimate of $5.50 million. During the same period in the previous year, the business earned ($0.97) EPS. The firm’s revenue was down 48.5% compared to the same quarter last year.
In other MacroGenics news, SVP Jon Marc Wigginton sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the sale, the senior vice president now directly owns 40,000 shares in the company, valued at approximately $800,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of MacroGenics by 6.0% in the second quarter. FMR LLC now owns 5,238,917 shares of the biopharmaceutical company’s stock valued at $91,733,000 after purchasing an additional 295,553 shares during the last quarter. BB Biotech AG raised its holdings in shares of MacroGenics by 4.0% in the second quarter. BB Biotech AG now owns 2,350,112 shares of the biopharmaceutical company’s stock valued at $41,150,000 after purchasing an additional 90,112 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MacroGenics by 2.8% in the second quarter. Vanguard Group Inc. now owns 1,391,322 shares of the biopharmaceutical company’s stock valued at $24,362,000 after purchasing an additional 38,458 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of MacroGenics by 8.9% in the third quarter. Point72 Asset Management L.P. now owns 1,181,317 shares of the biopharmaceutical company’s stock valued at $21,831,000 after purchasing an additional 96,900 shares during the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in shares of MacroGenics by 5,159.3% in the second quarter. Wasatch Advisors Inc. now owns 1,044,243 shares of the biopharmaceutical company’s stock valued at $18,285,000 after purchasing an additional 1,024,388 shares during the last quarter. Institutional investors own 85.77% of the company’s stock.
MacroGenics (NASDAQ MGNX) traded down $0.19 during trading on Friday, reaching $19.85. 167,400 shares of the company traded hands, compared to its average volume of 179,467. MacroGenics has a twelve month low of $14.36 and a twelve month high of $22.31. The company has a market cap of $737.93, a price-to-earnings ratio of -4.41 and a beta of 2.73.
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MacroGenics Company Profile
MacroGenics, Inc is a clinical-stage biopharmaceutical company focused on discovering and developing monoclonal antibody-based therapeutics for the treatment of cancer, as well as various autoimmune disorders and infectious diseases. The Company develops therapeutic product candidates using its antibody-based technology platforms and also in collaboration with other biopharmaceutical companies.
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