Brokerages Anticipate Fate Therapeutics Inc (FATE) to Post -$0.26 Earnings Per Share

Equities research analysts expect that Fate Therapeutics Inc (NASDAQ:FATE) will announce earnings per share of ($0.26) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Fate Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.24) and the lowest estimate coming in at ($0.27). Fate Therapeutics reported earnings per share of ($0.21) during the same quarter last year, which indicates a negative year-over-year growth rate of 23.8%. The firm is expected to report its next earnings report on Thursday, March 15th.

On average, analysts expect that Fate Therapeutics will report full year earnings of ($0.99) per share for the current fiscal year, with EPS estimates ranging from ($1.00) to ($0.97). For the next financial year, analysts forecast that the firm will post earnings of ($0.91) per share, with EPS estimates ranging from ($1.06) to ($0.72). Zacks’ EPS averages are an average based on a survey of analysts that cover Fate Therapeutics.

Fate Therapeutics (NASDAQ:FATE) last announced its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Fate Therapeutics had a negative return on equity of 64.55% and a negative net margin of 935.09%. The company had revenue of $1.03 million for the quarter, compared to analyst estimates of $0.95 million. The company’s revenue for the quarter was up .0% on a year-over-year basis.

A number of equities analysts recently issued reports on FATE shares. Raymond James Financial reissued a “buy” rating on shares of Fate Therapeutics in a report on Tuesday, December 12th. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Fate Therapeutics in a research note on Wednesday, December 13th. ValuEngine lowered Fate Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research lowered Fate Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Piper Jaffray Companies started coverage on Fate Therapeutics in a research note on Monday, December 18th. They set an “overweight” rating and a $10.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fate Therapeutics has an average rating of “Buy” and a consensus price target of $7.25.

In other news, General Counsel Cindy Tahl sold 8,091 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $3.85, for a total transaction of $31,150.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel D. Shoemaker sold 13,225 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $3.87, for a total value of $51,180.75. The disclosure for this sale can be found here. Company insiders own 10.88% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in shares of Fate Therapeutics in the second quarter valued at $131,000. Rhumbline Advisers purchased a new stake in shares of Fate Therapeutics during the second quarter worth $133,000. Hochman Cole Investment Advisors Inc. purchased a new stake in shares of Fate Therapeutics during the third quarter worth $158,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Fate Therapeutics during the second quarter worth $214,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Fate Therapeutics during the second quarter worth $219,000. Institutional investors own 60.97% of the company’s stock.

Fate Therapeutics (NASDAQ FATE) opened at $5.61 on Friday. Fate Therapeutics has a fifty-two week low of $2.40 and a fifty-two week high of $5.87. The stock has a market capitalization of $258.76, a P/E ratio of -5.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 7.21.

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Fate Therapeutics Company Profile

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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Earnings History and Estimates for Fate Therapeutics (NASDAQ:FATE)

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