Puma Biotechnology Inc (PBYI) Expected to Announce Quarterly Sales of $69.32 Million

Wall Street analysts predict that Puma Biotechnology Inc (NASDAQ:PBYI) will announce $69.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Puma Biotechnology’s earnings. The lowest sales estimate is $64.63 million and the highest is $74.00 million. The business is expected to report its next earnings report on Wednesday, May 9th.

On average, analysts expect that Puma Biotechnology will report full-year sales of $69.32 million for the current fiscal year, with estimates ranging from $235.00 million to $235.73 million. For the next fiscal year, analysts anticipate that the firm will report sales of $474.61 million per share, with estimates ranging from $427.11 million to $522.10 million. Zacks’ sales averages are an average based on a survey of analysts that follow Puma Biotechnology.

Puma Biotechnology (NASDAQ:PBYI) last announced its quarterly earnings data on Thursday, March 1st. The biopharmaceutical company reported ($1.71) EPS for the quarter, topping analysts’ consensus estimates of ($1.98) by $0.27. The company had revenue of $21.60 million for the quarter, compared to analyst estimates of $20.83 million. During the same period last year, the firm earned ($1.22) earnings per share.



A number of brokerages recently commented on PBYI. Credit Suisse Group set a $147.00 price objective on Puma Biotechnology and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays cut Puma Biotechnology from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a research note on Thursday. BidaskClub raised Puma Biotechnology from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Citigroup decreased their price objective on Puma Biotechnology from $164.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, Bank of America decreased their price objective on Puma Biotechnology from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $103.11.

Shares of Puma Biotechnology stock opened at $67.10 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.82 and a debt-to-equity ratio of 0.91. Puma Biotechnology has a 12 month low of $28.35 and a 12 month high of $136.90. The firm has a market cap of $2,495.16, a P/E ratio of -8.55 and a beta of 0.15.

In other Puma Biotechnology news, SVP Richard Paul Bryce sold 1,860 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $92.75, for a total value of $172,515.00. Following the completion of the transaction, the senior vice president now directly owns 25,379 shares of the company’s stock, valued at $2,353,902.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alan H. Auerbach sold 10,692 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $92.75, for a total value of $991,683.00. Following the completion of the transaction, the insider now directly owns 4,155,931 shares of the company’s stock, valued at $385,462,600.25. The disclosure for this sale can be found here. 21.10% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. First Republic Investment Management Inc. acquired a new position in Puma Biotechnology in the fourth quarter valued at about $208,000. Sei Investments Co. acquired a new position in shares of Puma Biotechnology during the third quarter worth about $256,000. Jafra Capital Management LP acquired a new position in shares of Puma Biotechnology during the fourth quarter worth about $257,000. Clear Harbor Asset Management LLC acquired a new position in shares of Puma Biotechnology during the fourth quarter worth about $288,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Puma Biotechnology during the fourth quarter worth about $292,000. 95.95% of the stock is owned by hedge funds and other institutional investors.

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Puma Biotechnology Company Profile

Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.

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