TG Therapeutics Inc (TGTX) Expected to Announce Quarterly Sales of $40,000.00

Wall Street brokerages forecast that TG Therapeutics Inc (NASDAQ:TGTX) will post sales of $40,000.00 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for TG Therapeutics’ earnings. TG Therapeutics also posted sales of $40,000.00 during the same quarter last year. The business is expected to announce its next earnings report on Friday, March 9th.

On average, analysts expect that TG Therapeutics will report full-year sales of $40,000.00 for the current financial year, with estimates ranging from $150,000.00 to $200,000.00. For the next year, analysts anticipate that the company will report sales of $150,000.00 per share, with estimates ranging from $150,000.00 to $160,000.00. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow TG Therapeutics.

TG Therapeutics (NASDAQ:TGTX) last released its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.05). The company had revenue of $0.04 million during the quarter, compared to analysts’ expectations of $0.04 million. TG Therapeutics had a negative net margin of 82,770.73% and a negative return on equity of 160.60%.

Several equities research analysts have issued reports on TGTX shares. HC Wainwright reissued a “buy” rating and issued a $33.00 price objective on shares of TG Therapeutics in a research report on Monday, January 8th. Raymond James Financial restated a “buy” rating on shares of TG Therapeutics in a report on Tuesday, December 12th. B. Riley restated a “buy” rating and issued a $21.50 price target on shares of TG Therapeutics in a report on Monday, December 11th. SunTrust Banks restated a “buy” rating and issued a $28.00 price target on shares of TG Therapeutics in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of TG Therapeutics from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. TG Therapeutics has a consensus rating of “Buy” and an average price target of $25.50.

Shares of TG Therapeutics (NASDAQ TGTX) opened at $9.35 on Friday. The stock has a market cap of $660.60, a PE ratio of -4.84 and a beta of 1.30. TG Therapeutics has a 52-week low of $4.10 and a 52-week high of $15.35.

In other news, CFO Sean A. Power sold 32,006 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $8.50, for a total value of $272,051.00. Following the completion of the sale, the chief financial officer now owns 517,464 shares in the company, valued at approximately $4,398,444. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.70% of the company’s stock.

Several large investors have recently bought and sold shares of TGTX. State Street Corp raised its stake in shares of TG Therapeutics by 274.4% during the 2nd quarter. State Street Corp now owns 2,638,683 shares of the biopharmaceutical company’s stock worth $26,515,000 after acquiring an additional 1,933,896 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TG Therapeutics by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,046,427 shares of the biopharmaceutical company’s stock worth $20,566,000 after acquiring an additional 255,844 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of TG Therapeutics by 150.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 277,235 shares of the biopharmaceutical company’s stock worth $2,786,000 after acquiring an additional 166,434 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of TG Therapeutics by 176.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 243,485 shares of the biopharmaceutical company’s stock worth $2,886,000 after acquiring an additional 155,535 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in shares of TG Therapeutics by 9.8% during the 3rd quarter. Columbus Circle Investors now owns 1,532,911 shares of the biopharmaceutical company’s stock worth $18,165,000 after acquiring an additional 136,515 shares in the last quarter. Institutional investors and hedge funds own 50.41% of the company’s stock.

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TG Therapeutics Company Profile

TG Therapeutics, Inc (TG) is a biopharmaceutical company focused on the acquisition, development and commercialization of treatments for B-cell malignancies and autoimmune diseases. As of December 31, 2016, the Company was developing two therapies targeting hematological malignancies. TG-1101 (ublituximab) is a glycoengineered monoclonal antibody that targets a specific epitope on the cluster of differentiation (CD20) antigen found on mature B-lymphocytes.

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Earnings History and Estimates for TG Therapeutics (NASDAQ:TGTX)

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