Intercept Pharmaceuticals (ICPT) Posts Earnings Results, Beats Expectations By $0.47 EPS

Intercept Pharmaceuticals (NASDAQ:ICPT) posted its quarterly earnings results on Wednesday. The biopharmaceutical company reported ($2.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.65) by $0.47, MarketWatch Earnings reports. The business had revenue of $47.00 million during the quarter, compared to analyst estimates of $48.24 million. Intercept Pharmaceuticals had a negative net margin of 215.30% and a negative return on equity of 614.15%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.89) earnings per share. Intercept Pharmaceuticals updated its FY 2018 guidance to EPS.

Shares of ICPT stock opened at $96.01 on Thursday. Intercept Pharmaceuticals has a 12 month low of $51.05 and a 12 month high of $133.74. The company has a debt-to-equity ratio of 2.48, a quick ratio of 6.51 and a current ratio of 6.51. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -6.68 and a beta of -1.94.

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Intercept Pharmaceuticals in a research report on Thursday, August 2nd. Wedbush reaffirmed a “buy” rating and set a $203.00 price objective (down previously from $217.00) on shares of Intercept Pharmaceuticals in a research report on Friday, August 3rd. BidaskClub lowered shares of Intercept Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 22nd. ValuEngine raised shares of Intercept Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $115.00 price objective on shares of Intercept Pharmaceuticals in a research report on Friday, August 3rd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $139.88.



In other Intercept Pharmaceuticals news, insider David Shapiro sold 4,917 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $111.43, for a total transaction of $547,901.31. Following the transaction, the insider now owns 42,196 shares in the company, valued at $4,701,900.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 9,101 shares of company stock worth $984,488. Corporate insiders own 4.90% of the company’s stock.

About Intercept Pharmaceuticals

Intercept Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics in the United States, Europe, and Canada. Its lead product candidate is obeticholic acid (OCA), a bile acid analog, which has a structure based on a naturally occurring human bile acid that selectively binds to and activates the farnesoid X receptor (FXR).

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Earnings History for Intercept Pharmaceuticals (NASDAQ:ICPT)

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