Equities research analysts expect Incyte Co. (NASDAQ:INCY) to post earnings per share of $0.44 for the current quarter, Zacks reports. Six analysts have made estimates for Incyte’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.55. Incyte reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 2,100%. The company is expected to announce its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Incyte will report full-year earnings of $1.08 per share for the current year, with EPS estimates ranging from $0.84 to $1.16. For the next year, analysts forecast that the business will report earnings of $2.17 per share, with EPS estimates ranging from $1.18 to $3.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Incyte.
Incyte (NASDAQ:INCY) last announced its quarterly earnings results on Tuesday, October 30th. The biopharmaceutical company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The firm had revenue of $449.68 million during the quarter, compared to analyst estimates of $448.34 million. Incyte had a negative net margin of 6.07% and a positive return on equity of 2.23%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS.
In other Incyte news, Director Jean Jacques Bienaime purchased 1,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average cost of $68.77 per share, with a total value of $68,770.00. Following the completion of the transaction, the director now owns 6,168 shares in the company, valued at $424,173.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paula J. Swain sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $73.21, for a total transaction of $732,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,000 shares of company stock worth $2,202,100. 17.20% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in INCY. DnB Asset Management AS increased its holdings in Incyte by 5.8% in the 2nd quarter. DnB Asset Management AS now owns 20,000 shares of the biopharmaceutical company’s stock valued at $1,340,000 after buying an additional 1,100 shares during the period. IFM Investors Pty Ltd increased its holdings in Incyte by 46.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 8,027 shares of the biopharmaceutical company’s stock valued at $538,000 after buying an additional 2,553 shares during the period. Fisher Asset Management LLC increased its holdings in Incyte by 16.7% in the 2nd quarter. Fisher Asset Management LLC now owns 7,123 shares of the biopharmaceutical company’s stock valued at $477,000 after buying an additional 1,019 shares during the period. State of Alaska Department of Revenue increased its holdings in Incyte by 33.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 31,843 shares of the biopharmaceutical company’s stock valued at $2,132,000 after buying an additional 7,990 shares during the period. Finally, Xact Kapitalforvaltning AB increased its holdings in Incyte by 4.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 32,682 shares of the biopharmaceutical company’s stock valued at $2,190,000 after buying an additional 1,383 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of INCY opened at $63.73 on Friday. The stock has a market capitalization of $13.38 billion, a PE ratio of 369.77 and a beta of 1.12. Incyte has a fifty-two week low of $58.33 and a fifty-two week high of $108.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.01 and a current ratio of 4.02.
Incyte Company Profile
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States. It offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera cancers; and ICLUSIG, a kinase inhibitor for the treatment of chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia.
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