Analysts predict that Myriad Genetics, Inc. (NASDAQ:MYGN) will announce earnings per share of $0.24 for the current quarter, Zacks reports. Six analysts have made estimates for Myriad Genetics’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.22. Myriad Genetics reported earnings per share of $0.26 during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.7%. The business is expected to report its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Myriad Genetics will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.03 to $1.10. For the next fiscal year, analysts anticipate that the company will report earnings of $1.22 per share, with EPS estimates ranging from $1.08 to $1.52. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Myriad Genetics.
Myriad Genetics (NASDAQ:MYGN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $183.52 million. Myriad Genetics had a return on equity of 9.54% and a net margin of 13.28%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS.
In other news, VP Richard M. Marsh sold 37,654 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $40.25, for a total transaction of $1,515,573.50. Following the completion of the transaction, the vice president now owns 157,648 shares of the company’s stock, valued at approximately $6,345,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gary A. King sold 3,120 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $38.12, for a total value of $118,934.40. Following the transaction, the vice president now directly owns 125,088 shares of the company’s stock, valued at approximately $4,768,354.56. The disclosure for this sale can be found here. Insiders have sold a total of 71,064 shares of company stock valued at $2,679,097 in the last three months. 6.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MYGN. Dimensional Fund Advisors LP increased its holdings in Myriad Genetics by 29.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,430,216 shares of the company’s stock worth $88,636,000 after purchasing an additional 787,396 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Myriad Genetics by 98.2% in the 3rd quarter. Wells Fargo & Company MN now owns 844,339 shares of the company’s stock worth $30,548,000 after purchasing an additional 418,335 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Myriad Genetics by 18.4% in the 4th quarter. Acadian Asset Management LLC now owns 2,205,297 shares of the company’s stock worth $75,743,000 after purchasing an additional 343,196 shares in the last quarter. PDT Partners LLC acquired a new position in Myriad Genetics in the 2nd quarter worth about $8,481,000. Finally, Northern Trust Corp increased its holdings in Myriad Genetics by 31.1% in the 2nd quarter. Northern Trust Corp now owns 1,292,588 shares of the company’s stock worth $33,400,000 after purchasing an additional 306,276 shares in the last quarter.
Shares of Myriad Genetics (MYGN) traded up $0.49 during midday trading on Tuesday, reaching $40.37. The company’s stock had a trading volume of 655,795 shares, compared to its average volume of 700,000. The firm has a market cap of $2,800.00, a PE ratio of 27.28, a PEG ratio of 2.45 and a beta of 0.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.06. Myriad Genetics has a 52-week low of $15.15 and a 52-week high of $40.55.
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About Myriad Genetics
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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