Analysts Anticipate Insys Therapeutics Inc (INSY) to Post -$0.11 Earnings Per Share

Equities research analysts predict that Insys Therapeutics Inc (NASDAQ:INSY) will report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Insys Therapeutics’ earnings, with estimates ranging from ($0.13) to ($0.10). Insys Therapeutics reported earnings of $0.03 per share during the same quarter last year, which would indicate a negative year over year growth rate of 466.7%. The firm is scheduled to issue its next quarterly earnings results on Monday, April 2nd.

According to Zacks, analysts expect that Insys Therapeutics will report full year earnings of ($0.37) per share for the current fiscal year, with EPS estimates ranging from ($0.41) to ($0.32). For the next financial year, analysts forecast that the company will report earnings of ($0.48) per share, with EPS estimates ranging from ($0.88) to ($0.27). Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Insys Therapeutics.

Insys Therapeutics (NASDAQ:INSY) last announced its quarterly earnings data on Thursday, November 2nd. The specialty pharmaceutical company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.02). Insys Therapeutics had a negative return on equity of 11.76% and a negative net margin of 112.56%.

A number of equities analysts recently weighed in on INSY shares. Oppenheimer restated a “hold” rating on shares of Insys Therapeutics in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Insys Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Jefferies Group lowered their target price on shares of Insys Therapeutics from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. ValuEngine upgraded shares of Insys Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Insys Therapeutics in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.38.

Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in shares of Insys Therapeutics by 0.5% in the second quarter. Wells Fargo & Company MN now owns 27,667 shares of the specialty pharmaceutical company’s stock valued at $350,000 after acquiring an additional 126 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Insys Therapeutics by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 79,943 shares of the specialty pharmaceutical company’s stock valued at $1,012,000 after acquiring an additional 475 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Insys Therapeutics by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 21,576 shares of the specialty pharmaceutical company’s stock valued at $274,000 after acquiring an additional 938 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Insys Therapeutics by 3.7% in the second quarter. Teachers Advisors LLC now owns 45,016 shares of the specialty pharmaceutical company’s stock valued at $569,000 after acquiring an additional 1,604 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Insys Therapeutics by 6.1% in the second quarter. Rhumbline Advisers now owns 30,970 shares of the specialty pharmaceutical company’s stock valued at $392,000 after acquiring an additional 1,793 shares in the last quarter. Institutional investors and hedge funds own 25.33% of the company’s stock.

Shares of Insys Therapeutics (NASDAQ INSY) opened at $8.80 on Monday. The company has a market cap of $645.19, a price-to-earnings ratio of -3.45 and a beta of 0.78. Insys Therapeutics has a 1 year low of $4.10 and a 1 year high of $15.02.

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Insys Therapeutics Company Profile

Insys Therapeutics, Inc is a commercial-stage specialty pharmaceutical company. The Company develops and commercializes supportive care products. The Company’s product Subsys, is a sublingual fentanyl spray for breakthrough cancer pain (BTCP) in opioid-tolerant patients and a single-use product that delivers fentanyl, an opioid analgesic, for transmucosal absorption underneath the tongue.

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