InVitae Corp (NYSE:NVTA) – Research analysts at William Blair reduced their Q1 2018 earnings per share (EPS) estimates for InVitae in a report issued on Tuesday. William Blair analyst A. Murphy now anticipates that the medical research company will post earnings per share of ($0.59) for the quarter, down from their previous estimate of ($0.54). William Blair also issued estimates for InVitae’s Q2 2018 earnings at ($0.53) EPS, Q3 2018 earnings at ($0.47) EPS, Q4 2018 earnings at ($0.41) EPS, FY2018 earnings at ($2.00) EPS, Q1 2019 earnings at ($0.37) EPS, Q2 2019 earnings at ($0.33) EPS, Q3 2019 earnings at ($0.29) EPS, Q4 2019 earnings at ($0.23) EPS and FY2019 earnings at ($1.22) EPS.
InVitae (NYSE:NVTA) last announced its quarterly earnings data on Monday, February 12th. The medical research company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.17). InVitae had a negative return on equity of 134.68% and a negative net margin of 180.85%. The firm had revenue of $25.40 million during the quarter, compared to analysts’ expectations of $24.18 million. During the same quarter in the previous year, the business earned ($0.69) earnings per share. The company’s revenue for the quarter was up 175.0% compared to the same quarter last year.
InVitae (NVTA) opened at $6.16 on Thursday. InVitae has a 12 month low of $3.80 and a 12 month high of $10.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.61 and a current ratio of 2.61.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Lakeview Capital Partners LLC acquired a new stake in shares of InVitae in the third quarter worth approximately $117,000. Teacher Retirement System of Texas acquired a new stake in shares of InVitae in the fourth quarter worth approximately $116,000. Gabelli Funds LLC acquired a new stake in shares of InVitae in the third quarter worth approximately $131,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of InVitae in the third quarter worth approximately $133,000. Finally, Granite Springs Asset Management LLC acquired a new stake in shares of InVitae in the fourth quarter worth approximately $132,000. 65.12% of the stock is currently owned by institutional investors.
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Invitae Corporation utilizes an integrated portfolio of laboratory processes, software tools and informatics capabilities to process deoxyribonucleic acid (DNA)-containing samples, analyze information about patient-specific genetic variation and generate test reports for clinicians and their patients.
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