Neurocrine Biosciences, Inc. (NASDAQ:NBIX) – Investment analysts at Oppenheimer lifted their FY2017 earnings estimates for shares of Neurocrine Biosciences in a note issued to investors on Monday. Oppenheimer analyst J. Olson now forecasts that the company will earn ($1.40) per share for the year, up from their prior forecast of ($1.59). Oppenheimer currently has a “Buy” rating and a $95.00 price target on the stock. Oppenheimer also issued estimates for Neurocrine Biosciences’ Q4 2017 earnings at $0.28 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $1.08 EPS, FY2019 earnings at $1.41 EPS, FY2020 earnings at $5.44 EPS and FY2022 earnings at $8.56 EPS.

A number of other analysts also recently issued reports on NBIX. Robert W. Baird reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, September 21st. Jefferies Group reaffirmed a “buy” rating and issued a $69.00 target price (up previously from $66.00) on shares of Neurocrine Biosciences in a research report on Tuesday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $84.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, October 5th. Leerink Swann reaffirmed an “outperform” rating and issued a $72.00 target price (up previously from $67.00) on shares of Neurocrine Biosciences in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 target price on shares of Neurocrine Biosciences in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Neurocrine Biosciences currently has a consensus rating of “Buy” and a consensus price target of $82.31.

Shares of Neurocrine Biosciences (NASDAQ:NBIX) opened at $75.88 on Thursday. Neurocrine Biosciences has a 12 month low of $38.43 and a 12 month high of $83.84. The stock has a market capitalization of $6,733.44, a PE ratio of -34.18 and a beta of 0.35. The company has a quick ratio of 14.37, a current ratio of 14.38 and a debt-to-equity ratio of 1.05.

Neurocrine Biosciences (NASDAQ:NBIX) last released its quarterly earnings results 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 firm had revenue of $60.77 million during the quarter, compared to analyst estimates of $29.38 million. During the same period in the prior year, the business earned ($0.43) EPS.

A number of institutional investors have recently bought and sold shares of NBIX. The Manufacturers Life Insurance Company grew its holdings in Neurocrine Biosciences by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,665 shares of the company’s stock worth $123,000 after purchasing an additional 193 shares during the period. Crow Point Partners LLC bought a new position in Neurocrine Biosciences during the fourth quarter worth about $145,000. Stephens Inc. AR bought a new position in Neurocrine Biosciences during the second quarter worth about $207,000. Comerica Bank bought a new position in Neurocrine Biosciences during the third quarter worth about $210,000. Finally, Ardsley Advisory Partners bought a new position in Neurocrine Biosciences during the second quarter worth about $230,000.

In related news, insider Darin Lippoldt sold 15,237 shares of Neurocrine Biosciences stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $75.00, for a total transaction of $1,142,775.00. Following the completion of the transaction, the insider now owns 28,394 shares in the company, valued at $2,129,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dimitri E. Grigoriadis sold 30,000 shares of Neurocrine Biosciences 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 transaction, the insider now owns 77,691 shares of the company’s stock, valued at approximately $5,794,194.78. The disclosure for this sale can be found here. Insiders have sold 116,405 shares of company stock valued at $8,588,519 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/18/fy2017-eps-estimates-for-neurocrine-biosciences-inc-nbix-increased-by-analyst.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.