Oppenheimer Weighs in on Neurocrine Biosciences, Inc.’s Q1 2018 Earnings (NBIX)

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) – Oppenheimer issued their Q1 2018 earnings per share estimates for shares of Neurocrine Biosciences in a research note issued to investors on Monday. Oppenheimer analyst J. Olson expects that the company will post earnings of ($0.16) per share for the quarter. Oppenheimer currently has a “Buy” rating and a $95.00 price objective on the stock. Oppenheimer also issued estimates for Neurocrine Biosciences’ Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.26 EPS and FY2021 earnings at $7.36 EPS.

Neurocrine Biosciences (NASDAQ:NBIX) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.36. The business had revenue of $60.77 million for the quarter, compared to the consensus estimate of $29.38 million. During the same quarter last year, the firm earned ($0.43) EPS.

Other equities research analysts have also issued research reports about the company. Robert W. Baird reissued a “buy” rating and issued a $84.00 target price on shares of Neurocrine Biosciences in a research report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 price target on shares of Neurocrine Biosciences in a research report on Wednesday, October 25th. Deutsche Bank reaffirmed a “buy” rating and set a $79.00 price target on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd. Jefferies Group reaffirmed a “buy” rating and set a $69.00 price target (up from $66.00) on shares of Neurocrine Biosciences in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $84.00 price target on shares of Neurocrine Biosciences in a research report on Thursday, October 5th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.31.

Neurocrine Biosciences (NBIX) traded down $0.21 during trading hours on Wednesday, hitting $75.88. The stock had a trading volume of 1,135,600 shares, compared to its average volume of 1,125,073. Neurocrine Biosciences has a fifty-two week low of $38.43 and a fifty-two week high of $83.84. The company has a debt-to-equity ratio of 1.05, a current ratio of 14.38 and a quick ratio of 14.37. The company has a market cap of $6,733.44, a PE ratio of -34.18 and a beta of 0.35.

A number of hedge funds have recently modified their holdings of the business. FMR LLC lifted its stake in Neurocrine Biosciences by 9.8% during the second quarter. FMR LLC now owns 13,211,023 shares of the company’s stock worth $607,707,000 after purchasing an additional 1,180,874 shares during the last quarter. Vanguard Group Inc. boosted its stake in Neurocrine Biosciences by 2.8% in the second quarter. Vanguard Group Inc. now owns 6,922,294 shares of the company’s stock valued at $318,426,000 after acquiring an additional 186,329 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Neurocrine Biosciences by 2.6% during the third quarter. Janus Henderson Group PLC now owns 5,507,763 shares of the company’s stock worth $337,516,000 after buying an additional 140,639 shares during the period. Perceptive Advisors LLC lifted its stake in shares of Neurocrine Biosciences by 33.9% during the third quarter. Perceptive Advisors LLC now owns 4,791,589 shares of the company’s stock worth $293,629,000 after buying an additional 1,214,000 shares during the period. Finally, BB Biotech AG lifted its stake in shares of Neurocrine Biosciences by 7.7% during the second quarter. BB Biotech AG now owns 3,446,552 shares of the company’s stock worth $158,541,000 after buying an additional 245,000 shares during the period.

In related news, insider Dimitri E. Grigoriadis sold 30,000 shares of Neurocrine Biosciences stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $74.58, for a total transaction of $2,237,400.00. Following the completion of the sale, the insider now owns 77,691 shares of the company’s stock, valued at $5,794,194.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kyle Gano sold 24,818 shares of Neurocrine Biosciences stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $71.05, for a total value of $1,763,318.90. Following the sale, the insider now directly owns 84,596 shares of the company’s stock, valued at approximately $6,010,545.80. The disclosure for this sale can be found here. Insiders have sold 116,405 shares of company stock valued at $8,588,519 in the last three months. 4.80% of the stock is owned by corporate insiders.

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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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