Agios Pharmaceuticals Inc (AGIO) Expected to Announce Quarterly Sales of $16.07 Million

Analysts expect that Agios Pharmaceuticals Inc (NASDAQ:AGIO) will announce sales of $16.07 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Agios Pharmaceuticals’ earnings, with estimates ranging from $12.10 million to $23.40 million. Agios Pharmaceuticals posted sales of $22.65 million in the same quarter last year, which suggests a negative year-over-year growth rate of 29.1%. The company is scheduled to issue its next earnings results on Thursday, February 15th.

On average, analysts expect that Agios Pharmaceuticals will report full-year sales of $16.07 million for the current fiscal year, with estimates ranging from $45.30 million to $56.60 million. For the next financial year, analysts forecast that the company will report sales of $115.02 million per share, with estimates ranging from $60.08 million to $232.90 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Agios Pharmaceuticals.

Agios Pharmaceuticals (NASDAQ:AGIO) last released its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($1.59) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.78) by $0.19. The business had revenue of $11.35 million during the quarter, compared to analysts’ expectations of $10.85 million. Agios Pharmaceuticals had a negative net margin of 506.39% and a negative return on equity of 69.64%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.63) EPS.

AGIO has been the subject of a number of research analyst reports. Oppenheimer set a $83.00 price objective on shares of Agios Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, December 26th. BidaskClub upgraded shares of Agios Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Agios Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Monday. Finally, SunTrust Banks reiterated a “buy” rating and set a $80.00 price objective on shares of Agios Pharmaceuticals in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $77.64.

In other news, insider Scott Biller sold 2,146 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $62.69, for a total value of $134,532.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David P. Schenkein sold 53,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $73.16, for a total transaction of $3,877,480.00. Following the completion of the sale, the chief executive officer now directly owns 53,000 shares in the company, valued at $3,877,480. The disclosure for this sale can be found here. Insiders have sold a total of 80,130 shares of company stock worth $5,561,250 over the last three months. Insiders own 5.43% of the company’s stock.

Several large investors have recently bought and sold shares of AGIO. QS Investors LLC bought a new stake in shares of Agios Pharmaceuticals in the 2nd quarter valued at $144,000. State of Alaska Department of Revenue bought a new stake in shares of Agios Pharmaceuticals in the 4th quarter valued at $160,000. Cubist Systematic Strategies LLC boosted its stake in shares of Agios Pharmaceuticals by 1,041.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,423 shares of the biopharmaceutical company’s stock valued at $176,000 after purchasing an additional 3,123 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Agios Pharmaceuticals by 74.8% in the 4th quarter. Bank of Montreal Can now owns 3,551 shares of the biopharmaceutical company’s stock valued at $203,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Agios Pharmaceuticals in the 3rd quarter valued at $225,000. 94.32% of the stock is currently owned by institutional investors.

Agios Pharmaceuticals (NASDAQ AGIO) traded down $2.18 during mid-day trading on Friday, reaching $68.15. 968,100 shares of the company were exchanged, compared to its average volume of 706,608. The firm has a market cap of $3,480.00, a PE ratio of -10.87 and a beta of 1.83. Agios Pharmaceuticals has a twelve month low of $39.24 and a twelve month high of $76.02.

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Agios Pharmaceuticals Company Profile

Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.

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Earnings History and Estimates for Agios Pharmaceuticals (NASDAQ:AGIO)

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