$1.02 Million in Sales Expected for Fate Therapeutics Inc (FATE) This Quarter

Brokerages expect Fate Therapeutics Inc (NASDAQ:FATE) to report sales of $1.02 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Fate Therapeutics’ earnings. The highest sales estimate is $1.03 million and the lowest is $1.00 million. Fate Therapeutics posted sales of $1.03 million during the same quarter last year, which suggests a negative year over year growth rate of 1%. The company is scheduled to report its next quarterly earnings results on Thursday, March 15th.

On average, analysts expect that Fate Therapeutics will report full-year sales of $1.02 million for the current fiscal year, with estimates ranging from $4.00 million to $4.11 million. For the next fiscal year, analysts anticipate that the firm will post sales of $5.66 million per share, with estimates ranging from $4.02 million to $12.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Fate Therapeutics.

FATE has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Fate Therapeutics from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Tuesday, January 9th. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Fate Therapeutics in a report on Friday, November 10th. BMO Capital Markets reissued a “buy” rating and issued a $7.00 price target on shares of Fate Therapeutics in a report on Thursday, November 2nd. Raymond James Financial reissued a “buy” rating on shares of Fate Therapeutics in a report on Tuesday, December 12th. Finally, ValuEngine raised shares of Fate Therapeutics from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Fate Therapeutics presently has a consensus rating of “Buy” and an average price target of $7.71.

Shares of Fate Therapeutics (NASDAQ:FATE) opened at $7.85 on Wednesday. The stock has a market cap of $393.58, a price-to-earnings ratio of -8.26 and a beta of 2.00. Fate Therapeutics has a twelve month low of $2.52 and a twelve month high of $9.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 7.21.

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund bought a new stake in shares of Fate Therapeutics during the 2nd quarter valued at about $131,000. Rhumbline Advisers bought a new stake in shares of Fate Therapeutics during the 2nd quarter valued at about $133,000. Hochman Cole Investment Advisors Inc. bought a new stake in shares of Fate Therapeutics during the 3rd quarter valued at about $158,000. The Manufacturers Life Insurance Company boosted its stake in shares of Fate Therapeutics by 61.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,337 shares of the biopharmaceutical company’s stock valued at $203,000 after purchasing an additional 12,686 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Fate Therapeutics during the 2nd quarter valued at about $214,000. 50.00% of the stock is currently owned by hedge funds and other institutional investors.

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Fate Therapeutics Company Profile

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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Earnings History and Estimates for Fate Therapeutics (NASDAQ:FATE)

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