Zacks: Analysts Anticipate Atara Biotherapeutics Inc (ATRA) to Post -$1.15 Earnings Per Share

Equities research analysts forecast that Atara Biotherapeutics Inc (NASDAQ:ATRA) will announce ($1.15) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Atara Biotherapeutics’ earnings, with the highest EPS estimate coming in at ($1.06) and the lowest estimate coming in at ($1.23). Atara Biotherapeutics posted earnings of ($0.63) per share in the same quarter last year, which would indicate a negative year over year growth rate of 82.5%. The firm is scheduled to issue its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Atara Biotherapeutics will report full-year earnings of ($4.00) per share for the current financial year, with EPS estimates ranging from ($4.08) to ($3.91). For the next year, analysts anticipate that the company will post earnings of ($4.62) per share, with EPS estimates ranging from ($4.97) to ($4.27). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Atara Biotherapeutics.

Atara Biotherapeutics (NASDAQ:ATRA) last issued its quarterly earnings data on Thursday, November 9th. The biotechnology company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.97) by ($0.05).

Several analysts have recently commented on the company. Cowen assumed coverage on Atara Biotherapeutics in a report on Friday. They set an “outperform” rating for the company. BidaskClub upgraded shares of Atara Biotherapeutics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 23rd. Canaccord Genuity reiterated a “positive” rating and set a $70.00 price target (up from $47.00) on shares of Atara Biotherapeutics in a research note on Friday, January 19th. Citigroup upgraded shares of Atara Biotherapeutics from a “sell” rating to a “neutral” rating and set a $18.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.60.

Shares of Atara Biotherapeutics (NASDAQ ATRA) traded up $2.70 on Friday, hitting $37.25. The stock had a trading volume of 2,190,000 shares, compared to its average volume of 1,150,000. Atara Biotherapeutics has a 12-month low of $11.80 and a 12-month high of $37.45. The stock has a market cap of $1,140.00, a price-to-earnings ratio of -10.73 and a beta of 1.27.

In related news, CEO Isaac E. Ciechanover sold 4,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $13.47, for a total transaction of $59,268.00. Following the transaction, the chief executive officer now owns 737,767 shares of the company’s stock, valued at $9,937,721.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Isaac E. Ciechanover sold 22,200 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $18.29, for a total transaction of $406,038.00. The disclosure for this sale can be found here. Insiders have sold 244,788 shares of company stock worth $5,761,853 over the last 90 days. 16.20% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of ATRA. Dimensional Fund Advisors LP grew its holdings in Atara Biotherapeutics by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 21,718 shares of the biotechnology company’s stock valued at $304,000 after purchasing an additional 610 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Atara Biotherapeutics by 2.4% during the second quarter. Teachers Advisors LLC now owns 47,156 shares of the biotechnology company’s stock worth $660,000 after purchasing an additional 1,110 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Atara Biotherapeutics by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 20,377 shares of the biotechnology company’s stock worth $285,000 after purchasing an additional 1,369 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Atara Biotherapeutics by 16.2% during the second quarter. Voya Investment Management LLC now owns 11,813 shares of the biotechnology company’s stock worth $165,000 after purchasing an additional 1,651 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Atara Biotherapeutics by 11.3% during the second quarter. Rhumbline Advisers now owns 31,373 shares of the biotechnology company’s stock worth $439,000 after purchasing an additional 3,175 shares during the period. 69.67% of the stock is currently owned by institutional investors.

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About Atara Biotherapeutics

Atara Biotherapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies for patients with severe and life-threatening diseases. The Company operates through the business of developing and commercializing therapeutics segment. The Company is focused on developing allogeneic or third-party derived antigen-specific T-cells.

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Earnings History and Estimates for Atara Biotherapeutics (NASDAQ:ATRA)

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