-$0.26 Earnings Per Share Expected for GlycoMimetics Inc (GLYC) This Quarter
Equities analysts expect that GlycoMimetics Inc (NASDAQ:GLYC) will report earnings of ($0.26) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for GlycoMimetics’ earnings, with estimates ranging from ($0.27) to ($0.25). GlycoMimetics reported earnings per share of ($0.36) during the same quarter last year, which indicates a positive year-over-year growth rate of 27.8%. The business is scheduled to announce its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that GlycoMimetics will report full year earnings of ($1.12) per share for the current year, with EPS estimates ranging from ($1.15) to ($1.11). For the next fiscal year, analysts forecast that the company will report earnings of ($0.86) per share, with EPS estimates ranging from ($1.73) to $0.34. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for GlycoMimetics.
GlycoMimetics (NASDAQ:GLYC) last posted its quarterly earnings data on Wednesday, November 8th. The biotechnology company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.04.
In other GlycoMimetics news, SVP Helen M. Thackray sold 2,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $15.01, for a total value of $30,020.00. Following the sale, the senior vice president now owns 148,615 shares of the company’s stock, valued at approximately $2,230,711.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 43.80% of the company’s stock.
Several hedge funds have recently modified their holdings of GLYC. Dynamic Technology Lab Private Ltd acquired a new stake in shares of GlycoMimetics in the 2nd quarter valued at $146,000. Fox Run Management L.L.C. acquired a new stake in shares of GlycoMimetics in the 3rd quarter valued at $173,000. Citadel Advisors LLC acquired a new stake in shares of GlycoMimetics in the 2nd quarter valued at $249,000. Russell Investments Group Ltd. boosted its holdings in shares of GlycoMimetics by 172.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 31,379 shares of the biotechnology company’s stock valued at $350,000 after purchasing an additional 19,859 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of GlycoMimetics during the 2nd quarter valued at $569,000. 86.66% of the stock is currently owned by hedge funds and other institutional investors.
GlycoMimetics (GLYC) opened at $18.79 on Wednesday. GlycoMimetics has a 52 week low of $3.82 and a 52 week high of $21.40. The company has a market capitalization of $645.21, a price-to-earnings ratio of -15.15 and a beta of 3.21.
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GlycoMimetics Company Profile
GlycoMimetics, Inc is a clinical-stage biotechnology company. The Company focuses on the discovery and development of glycomimetic drugs. The Company operates through the identification and development of glycomimetic compounds segment. The Company is developing its lead drug candidate, GMI-1070 (Rivipansel), for the treatment of vaso-occlusive crisis (VOC), a debilitating and painful condition that occurs periodically throughout the life of a person with sickle cell disease.
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