Neurocrine Biosciences, Inc. (NBIX) to Post FY2017 Earnings of ($1.47) Per Share, Leerink Swann Forecasts

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) – Equities researchers at Leerink Swann upped their FY2017 earnings per share (EPS) estimates for shares of Neurocrine Biosciences in a research report issued on Sunday. Leerink Swann analyst P. Matteis now anticipates that the company will earn ($1.47) per share for the year, up from their prior forecast of ($1.67). Leerink Swann currently has a “Outperform” rating and a $83.00 price target on the stock. Leerink Swann also issued estimates for Neurocrine Biosciences’ Q4 2017 earnings at $0.22 EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.46 EPS and FY2019 earnings at $2.04 EPS.

Several other research analysts have also recently commented on the stock. BMO Capital Markets increased their target price on shares of Neurocrine Biosciences from $83.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and set a $69.00 target price (up previously from $66.00) on shares of Neurocrine Biosciences in a report on Tuesday, October 3rd. Oppenheimer set a $85.00 target price on shares of Neurocrine Biosciences and gave the stock a “buy” rating in a report on Tuesday, December 12th. Needham & Company LLC restated a “buy” rating and set a $86.00 target price on shares of Neurocrine Biosciences in a report on Thursday, November 2nd. Finally, Barclays increased their target price on shares of Neurocrine Biosciences from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $81.13.

Neurocrine Biosciences (NASDAQ:NBIX) opened at $79.54 on Wednesday. Neurocrine Biosciences has a 1-year low of $38.43 and a 1-year high of $83.84. The company has a market cap of $7,040.00, a price-to-earnings ratio of -35.83 and a beta of 0.35. The company has a current ratio of 14.38, a quick ratio of 14.37 and a debt-to-equity ratio of 1.05.

Neurocrine Biosciences (NASDAQ:NBIX) last announced its earnings results on Wednesday, November 1st. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.36. The business had revenue of $60.77 million for the quarter, compared to analyst estimates of $29.38 million. During the same quarter in the previous year, the company posted ($0.43) EPS.

In other news, insider Darin Lippoldt sold 1,979 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $79.36, for a total value of $157,053.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary A. Lyons sold 10,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $72.92, for a total transaction of $729,200.00. Following the completion of the transaction, the director now directly owns 272,066 shares in the company, valued at $19,839,052.72. The disclosure for this sale can be found here. Insiders sold 116,405 shares of company stock worth $8,588,519 over the last three months. Insiders own 4.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Neurocrine Biosciences by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,665 shares of the company’s stock worth $123,000 after acquiring an additional 193 shares during the period. Utah Retirement Systems increased its position in Neurocrine Biosciences by 1.9% during the second quarter. Utah Retirement Systems now owns 16,000 shares of the company’s stock worth $736,000 after acquiring an additional 300 shares during the period. State Board of Administration of Florida Retirement System increased its position in Neurocrine Biosciences by 0.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 120,426 shares of the company’s stock worth $7,380,000 after acquiring an additional 810 shares during the period. American Century Companies Inc. increased its position in Neurocrine Biosciences by 2.7% during the second quarter. American Century Companies Inc. now owns 33,705 shares of the company’s stock worth $1,550,000 after acquiring an additional 886 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in Neurocrine Biosciences by 0.9% during the third quarter. Mutual of America Capital Management LLC now owns 112,862 shares of the company’s stock worth $6,916,000 after acquiring an additional 1,036 shares during the period.

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Neurocrine Biosciences Company Profile

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.

Earnings History and Estimates for Neurocrine Biosciences (NASDAQ:NBIX)

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