Neurocrine Biosciences, Inc. (NASDAQ:NBIX) – Investment analysts at Oppenheimer issued their Q1 2018 earnings estimates for shares of Neurocrine Biosciences in a research note issued to investors on Monday. Oppenheimer analyst J. Olson anticipates that the company will post earnings per share of ($0.16) for the quarter. Oppenheimer currently has a “Buy” rating and a $95.00 price target on the stock. Oppenheimer also issued estimates for Neurocrine Biosciences’ Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.26 EPS and FY2021 earnings at $7.36 EPS.

NBIX has been the topic of several other reports. Robert W. Baird reiterated a “buy” rating and set a $84.00 target price on shares of Neurocrine Biosciences in a research report on Friday, November 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 target price on shares of Neurocrine Biosciences in a research report on Wednesday, October 25th. Deutsche Bank reiterated a “buy” rating and set a $79.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and set a $69.00 target price (up from $66.00) on shares of Neurocrine Biosciences in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $84.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, October 5th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $82.31.

Shares of Neurocrine Biosciences (NBIX) traded down $5.28 during trading hours on Wednesday, hitting $76.09. The stock had a trading volume of 1,303,200 shares, compared to its average volume of 1,124,020. The company has a debt-to-equity ratio of 1.05, a current ratio of 14.38 and a quick ratio of 14.37. Neurocrine Biosciences has a twelve month low of $38.43 and a twelve month high of $83.84. The stock has a market capitalization of $6,730.00, a P/E ratio of -34.27 and a beta of 0.35.

Neurocrine Biosciences (NASDAQ:NBIX) last issued its quarterly earnings data on Wednesday, November 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.36. The company had revenue of $60.77 million during the quarter, compared to analysts’ expectations of $29.38 million. During the same quarter in the prior year, the company earned ($0.43) earnings per share.

Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Neurocrine Biosciences by 457.9% in the fourth quarter. Bank of Montreal Can now owns 10,767 shares of the company’s stock valued at $835,000 after buying an additional 8,837 shares in the last quarter. Crow Point Partners LLC acquired a new stake in Neurocrine Biosciences during the 4th quarter valued at approximately $145,000. AXA grew its stake in Neurocrine Biosciences by 62.7% during the 3rd quarter. AXA now owns 147,858 shares of the company’s stock valued at $9,061,000 after purchasing an additional 56,972 shares in the last quarter. California Public Employees Retirement System grew its stake in Neurocrine Biosciences by 1.5% during the 3rd quarter. California Public Employees Retirement System now owns 181,900 shares of the company’s stock valued at $11,147,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Davidson Kempner Capital Management LP grew its stake in Neurocrine Biosciences by 50.8% during the 3rd quarter. Davidson Kempner Capital Management LP now owns 119,300 shares of the company’s stock valued at $7,311,000 after purchasing an additional 40,200 shares in the last quarter.

In other news, insider Dimitri E. Grigoriadis sold 30,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $74.58, for a total value of $2,237,400.00. Following the completion of the sale, the insider now owns 77,691 shares in the company, valued at $5,794,194.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Darin Lippoldt sold 1,979 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $79.36, for a total value of $157,053.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,405 shares of company stock worth $8,588,519. Company insiders own 4.80% of the company’s stock.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/17/neurocrine-biosciences-inc-nbix-forecasted-to-post-q1-2018-earnings-of-0-16-per-share.html.

About Neurocrine Biosciences

Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.

Earnings History and Estimates for Neurocrine Biosciences (NASDAQ:NBIX)

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