Zacks: Brokerages Anticipate Amicus Therapeutics, Inc. (FOLD) Will Announce Earnings of -$0.30 Per Share
Wall Street brokerages expect Amicus Therapeutics, Inc. (NASDAQ:FOLD) to post ($0.30) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Amicus Therapeutics’ earnings, with estimates ranging from ($0.39) to ($0.23). Amicus Therapeutics reported earnings per share of ($0.32) in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is expected to report its next earnings report on Wednesday, March 7th.
On average, analysts expect that Amicus Therapeutics will report full year earnings of ($1.52) per share for the current fiscal year, with EPS estimates ranging from ($1.77) to ($1.18). For the next year, analysts expect that the firm will post earnings of ($1.08) per share, with EPS estimates ranging from ($1.65) to ($0.70). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Amicus Therapeutics.
Amicus Therapeutics (NASDAQ:FOLD) last announced its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.10). Amicus Therapeutics had a negative return on equity of 63.54% and a negative net margin of 1,092.37%. The business had revenue of $10.90 million for the quarter, compared to the consensus estimate of $9.02 million. During the same quarter in the prior year, the company earned ($0.33) earnings per share. Amicus Therapeutics’s quarterly revenue was up 419.0% compared to the same quarter last year.
Shares of Amicus Therapeutics (FOLD) opened at $15.07 on Wednesday. The company has a current ratio of 6.32, a quick ratio of 6.22 and a debt-to-equity ratio of 0.39. Amicus Therapeutics has a 1 year low of $5.07 and a 1 year high of $16.60. The firm has a market capitalization of $2,510.00, a price-to-earnings ratio of -8.23 and a beta of 1.72.
In other Amicus Therapeutics news, Director Donald J. Hayden, Jr. sold 20,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $15.00, for a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 25,814 shares in the company, valued at $387,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John F. Crowley sold 65,581 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $13.51, for a total value of $885,999.31. Following the completion of the transaction, the chief executive officer now owns 393,076 shares of the company’s stock, valued at $5,310,456.76. The disclosure for this sale can be found here. Insiders sold 197,890 shares of company stock valued at $2,767,181 over the last quarter. Corporate insiders own 3.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Sage Capital Advisors llc acquired a new stake in shares of Amicus Therapeutics in the third quarter valued at about $154,000. GSA Capital Partners LLP acquired a new stake in shares of Amicus Therapeutics in the third quarter valued at about $309,000. Iguana Healthcare Management LLC acquired a new stake in shares of Amicus Therapeutics in the third quarter valued at about $905,000. Sterling Capital Management LLC acquired a new stake in shares of Amicus Therapeutics in the third quarter valued at about $218,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Amicus Therapeutics in the third quarter valued at about $196,000.
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About Amicus Therapeutics
Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.
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