Brokerages expect Neurocrine Biosciences, Inc. (NASDAQ:NBIX) to report earnings of ($0.49) per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Neurocrine Biosciences’ earnings. The lowest EPS estimate is ($0.75) and the highest is ($0.28). Neurocrine Biosciences reported earnings of ($0.43) per share during the same quarter last year, which would indicate a negative year over year growth rate of 14%. The company is scheduled to report its next earnings results on Wednesday, November 1st.
On average, analysts expect that Neurocrine Biosciences will report full-year earnings of ($2.45) per share for the current fiscal year, with EPS estimates ranging from ($2.71) to ($1.94). For the next year, analysts forecast that the company will post earnings of ($1.79) per share, with EPS estimates ranging from ($2.54) to ($0.84). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Neurocrine Biosciences.
Neurocrine Biosciences (NASDAQ:NBIX) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $0.01. The firm had revenue of $6.34 million for the quarter, compared to the consensus estimate of $0.61 million. During the same quarter in the previous year, the business earned ($0.46) EPS.
In related news, insider Haig P. Bozigian sold 22,500 shares of Neurocrine Biosciences stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $1,125,000.00. Following the sale, the insider now directly owns 154,601 shares in the company, valued at $7,730,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Flint Obrien sold 8,734 shares of Neurocrine Biosciences stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $50.00, for a total value of $436,700.00. Following the sale, the insider now owns 57,707 shares in the company, valued at $2,885,350. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,194 shares of company stock worth $2,629,755. Corporate insiders own 4.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NBIX. Teacher Retirement System of Texas raised its position in Neurocrine Biosciences by 0.8% in the second quarter. Teacher Retirement System of Texas now owns 6,966 shares of the company’s stock valued at $320,000 after buying an additional 57 shares during the last quarter. Utah Retirement Systems raised its position in Neurocrine Biosciences by 1.9% in the second quarter. Utah Retirement Systems now owns 16,000 shares of the company’s stock valued at $736,000 after buying an additional 300 shares during the last quarter. Schroder Investment Management Group raised its position in Neurocrine Biosciences by 1.7% in the first quarter. Schroder Investment Management Group now owns 20,496 shares of the company’s stock valued at $856,000 after buying an additional 335 shares during the last quarter. First Mercantile Trust Co. raised its position in Neurocrine Biosciences by 22.2% in the first quarter. First Mercantile Trust Co. now owns 3,082 shares of the company’s stock valued at $133,000 after buying an additional 560 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Neurocrine Biosciences by 5.6% in the first quarter. Nuveen Asset Management LLC now owns 14,464 shares of the company’s stock valued at $626,000 after buying an additional 763 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.com-unik.info/2017/08/19/neurocrine-biosciences-inc-nasdaqnbix-expected-to-announce-earnings-of-0-49-per-share-updated.html.
Neurocrine Biosciences (NBIX) traded up 2.07% during mid-day trading on Wednesday, hitting $54.76. 555,385 shares of the stock were exchanged. Neurocrine Biosciences has a 1-year low of $37.35 and a 1-year high of $55.38. The stock has a 50 day moving average price of $47.37 and a 200 day moving average price of $46.32. The company’s market capitalization is $4.82 billion.
About Neurocrine Biosciences
Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Neurocrine Biosciences Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Neurocrine Biosciences Inc. and related companies.