Ionis Pharmaceuticals Inc (IONS) Expected to Announce Earnings of -$0.06 Per Share

Wall Street brokerages predict that Ionis Pharmaceuticals Inc (NASDAQ:IONS) will post ($0.06) earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ionis Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.36) and the highest estimate coming in at $0.29. Ionis Pharmaceuticals posted earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 128.6%. The business is scheduled to issue its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Ionis Pharmaceuticals will report full-year earnings of ($0.06) per share for the current financial year, with EPS estimates ranging from ($0.25) to $0.22. For the next year, analysts forecast that the firm will post earnings of $0.40 per share, with EPS estimates ranging from ($1.10) to $2.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Ionis Pharmaceuticals.

Several equities analysts have recently commented on IONS shares. BidaskClub upgraded Ionis Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BMO Capital Markets reiterated an “outperform” rating and set a $69.00 price objective on shares of Ionis Pharmaceuticals in a research report on Monday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $64.00 price objective on shares of Ionis Pharmaceuticals in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group reiterated a “sell” rating and set a $30.00 price objective on shares of Ionis Pharmaceuticals in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.76.

In related news, SVP Patrick R. O’neil sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $58.35, for a total transaction of $58,350.00. Following the transaction, the senior vice president now directly owns 11,433 shares in the company, valued at approximately $667,115.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Klein III sold 3,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $50.56, for a total value of $151,680.00. Following the transaction, the director now owns 12,939 shares in the company, valued at $654,195.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,385 shares of company stock worth $5,596,041. 2.13% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Ionis Pharmaceuticals by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 9,855,160 shares of the company’s stock worth $501,332,000 after acquiring an additional 417,364 shares during the last quarter. BlackRock Inc. lifted its holdings in Ionis Pharmaceuticals by 4.0% in the 2nd quarter. BlackRock Inc. now owns 6,823,987 shares of the company’s stock worth $347,135,000 after buying an additional 264,179 shares during the period. American Century Companies Inc. lifted its holdings in Ionis Pharmaceuticals by 33.0% in the 3rd quarter. American Century Companies Inc. now owns 1,144,526 shares of the company’s stock worth $58,027,000 after buying an additional 284,266 shares during the period. First Trust Advisors LP lifted its holdings in Ionis Pharmaceuticals by 40.2% in the 3rd quarter. First Trust Advisors LP now owns 982,344 shares of the company’s stock worth $49,805,000 after buying an additional 281,733 shares during the period. Finally, Northern Trust Corp lifted its holdings in Ionis Pharmaceuticals by 7.8% in the 2nd quarter. Northern Trust Corp now owns 621,816 shares of the company’s stock worth $31,631,000 after buying an additional 44,750 shares during the period. Institutional investors and hedge funds own 91.40% of the company’s stock.

Ionis Pharmaceuticals (IONS) opened at $50.22 on Friday. The company has a current ratio of 6.25, a quick ratio of 6.21 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $6,250.00, a PE ratio of 358.71 and a beta of 2.86. Ionis Pharmaceuticals has a 1 year low of $37.26 and a 1 year high of $65.51.

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Ionis Pharmaceuticals Company Profile

Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.

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Earnings History and Estimates for Ionis Pharmaceuticals (NASDAQ:IONS)

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