-$0.27 EPS Expected for Xencor Inc (XNCR) This Quarter

Brokerages predict that Xencor Inc (NASDAQ:XNCR) will announce earnings per share of ($0.27) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Xencor’s earnings, with the lowest EPS estimate coming in at ($0.49) and the highest estimate coming in at ($0.06). Xencor posted earnings of ($0.21) per share in the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The firm is expected to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that Xencor will report full-year earnings of ($1.10) per share for the current year, with EPS estimates ranging from ($1.29) to ($0.85). For the next year, analysts forecast that the company will post earnings of ($1.67) per share, with EPS estimates ranging from ($2.12) to ($1.15). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Xencor.

Xencor (NASDAQ:XNCR) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). Xencor had a negative net margin of 148.29% and a negative return on equity of 15.26%.

A number of research firms have recently commented on XNCR. Zacks Investment Research lowered shares of Xencor from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Xencor in a research note on Sunday, November 12th. Canaccord Genuity set a $36.00 price objective on shares of Xencor and gave the stock a “buy” rating in a research note on Monday, October 23rd. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Friday, December 15th. Finally, ValuEngine downgraded shares of Xencor from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Xencor currently has a consensus rating of “Hold” and a consensus target price of $30.80.

In related news, major shareholder John S. Stafford III acquired 5,349 shares of the stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $19.85 per share, for a total transaction of $106,177.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John S. Stafford III acquired 9,215 shares of the stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $20.76 per share, for a total transaction of $191,303.40. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 36,477 shares of company stock worth $738,031. 4.14% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in Xencor by 158.9% during the third quarter. Great West Life Assurance Co. Can now owns 6,526 shares of the biopharmaceutical company’s stock worth $150,000 after buying an additional 4,005 shares in the last quarter. Legal & General Group Plc boosted its stake in Xencor by 4.5% during the second quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock worth $189,000 after buying an additional 385 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Xencor during the third quarter worth $201,000. Citadel Advisors LLC acquired a new stake in Xencor during the second quarter worth $224,000. Finally, Teacher Retirement System of Texas acquired a new stake in Xencor during the fourth quarter worth $291,000. Institutional investors and hedge funds own 77.50% of the company’s stock.

Xencor (NASDAQ XNCR) opened at $22.18 on Wednesday. Xencor has a 52-week low of $18.55 and a 52-week high of $28.64. The company has a market cap of $1,011.54, a P/E ratio of -22.18 and a beta of 1.97.

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About Xencor

Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.

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Earnings History and Estimates for Xencor (NASDAQ:XNCR)

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