Research Analysts Issue Forecasts for Amicus Therapeutics, Inc.’s Q1 2018 Earnings (FOLD)

Amicus Therapeutics, Inc. (NASDAQ:FOLD) – Equities research analysts at Leerink Swann issued their Q1 2018 earnings per share estimates for Amicus Therapeutics in a research report issued on Thursday. Leerink Swann analyst J. Schwartz anticipates that the biopharmaceutical company will earn ($0.32) per share for the quarter. Leerink Swann currently has a “Outperform” rating and a $24.00 target price on the stock. Leerink Swann also issued estimates for Amicus Therapeutics’ Q2 2018 earnings at ($0.32) EPS, Q3 2018 earnings at ($0.32) EPS, Q4 2018 earnings at ($0.32) EPS, FY2018 earnings at ($1.29) EPS, FY2019 earnings at ($0.93) EPS and FY2020 earnings at ($0.84) EPS.

FOLD has been the topic of a number of other reports. Zacks Investment Research cut Amicus Therapeutics from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Robert W. Baird set a $20.00 target price on Amicus Therapeutics and gave the stock a “buy” rating in a report on Wednesday, February 7th. BidaskClub upgraded Amicus Therapeutics from a “hold” rating to a “buy” rating in a report on Monday, January 15th. Cowen reiterated a “buy” rating and issued a $22.00 target price on shares of Amicus Therapeutics in a report on Wednesday, January 10th. Finally, ValuEngine upgraded Amicus Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.06.

Amicus Therapeutics (NASDAQ:FOLD) opened at $14.72 on Monday. Amicus Therapeutics has a twelve month low of $5.87 and a twelve month high of $17.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.32 and a quick ratio of 6.22. The stock has a market capitalization of $2,450.00, a price-to-earnings ratio of -8.04 and a beta of 1.45.

In other Amicus Therapeutics news, CEO John F. Crowley sold 47,213 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $13.61, for a total transaction of $642,568.93. Following the transaction, the chief executive officer now directly owns 375,214 shares in the company, valued at approximately $5,106,662.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John F. Crowley sold 12,206 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $13.52, for a total value of $165,025.12. Following the transaction, the chief executive officer now owns 340,207 shares in the company, valued at $4,599,598.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,390 shares of company stock worth $3,620,581. Company insiders own 3.40% of the company’s stock.

A number of large investors have recently modified their holdings of FOLD. Strs Ohio bought a new position in Amicus Therapeutics during the 3rd quarter valued at $102,000. Tudor Investment Corp ET AL bought a new position in Amicus Therapeutics during the 2nd quarter valued at $124,000. Birchview Capital LP bought a new position in Amicus Therapeutics during the 3rd quarter valued at $151,000. Sage Capital Advisors llc bought a new position in Amicus Therapeutics during the 3rd quarter valued at $154,000. Finally, Engineers Gate Manager LP bought a new position in Amicus Therapeutics during the 3rd quarter valued at $155,000.

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About Amicus Therapeutics

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

Earnings History and Estimates for Amicus Therapeutics (NASDAQ:FOLD)

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