Analysts Expect FibroGen Inc (FGEN) Will Post Quarterly Sales of $45.37 Million

Wall Street brokerages expect that FibroGen Inc (NASDAQ:FGEN) will report sales of $45.37 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for FibroGen’s earnings, with the lowest sales estimate coming in at $37.64 million and the highest estimate coming in at $57.03 million. FibroGen reported sales of $31.91 million in the same quarter last year, which indicates a positive year over year growth rate of 42.2%. The firm is expected to announce its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that FibroGen will report full year sales of $45.37 million for the current year, with estimates ranging from $120.80 million to $140.19 million. For the next fiscal year, analysts anticipate that the firm will post sales of $229.55 million per share, with estimates ranging from $207.00 million to $248.35 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for FibroGen.

FibroGen (NASDAQ:FGEN) last posted its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.13). FibroGen had a negative return on equity of 47.36% and a negative net margin of 120.00%.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of FibroGen from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine lowered shares of FibroGen from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Mizuho reaffirmed a “hold” rating and set a $61.00 target price on shares of FibroGen in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $65.67.

FibroGen (NASDAQ FGEN) traded up $0.55 during trading hours on Friday, hitting $47.85. 1,179,545 shares of the stock traded hands, compared to its average volume of 578,534. The company has a debt-to-equity ratio of 0.16, a quick ratio of 10.83 and a current ratio of 10.83. The stock has a market cap of $3,980.00, a price-to-earnings ratio of -23.57 and a beta of 1.55. FibroGen has a 52-week low of $21.05 and a 52-week high of $60.15.

In related news, CEO Thomas B. Neff sold 38,636 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $56.13, for a total value of $2,168,638.68. Following the completion of the sale, the chief executive officer now owns 3,144,573 shares of the company’s stock, valued at approximately $176,504,882.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kalevi Kurkijarvi sold 2,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $46.65, for a total transaction of $93,300.00. Following the completion of the sale, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,119,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,346 shares of company stock valued at $14,152,764. Insiders own 13.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in FibroGen in the 2nd quarter worth $128,000. Bank of Montreal Can increased its holdings in FibroGen by 2,097.2% in the 4th quarter. Bank of Montreal Can now owns 3,186 shares of the biopharmaceutical company’s stock worth $151,000 after acquiring an additional 3,041 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in FibroGen by 15.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,218 shares of the biopharmaceutical company’s stock worth $169,000 after acquiring an additional 696 shares in the last quarter. Amalgamated Bank purchased a new stake in FibroGen in the 2nd quarter worth $237,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in FibroGen by 112.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,410 shares of the biopharmaceutical company’s stock worth $237,000 after acquiring an additional 2,336 shares in the last quarter. 57.23% of the stock is owned by institutional investors.

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About FibroGen

FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.

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Earnings History and Estimates for FibroGen (NASDAQ:FGEN)

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