Incyte (INCY) Scheduled to Post Earnings on Thursday

Incyte (NASDAQ:INCY) will post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Incyte to post earnings of $0.01 per share for the quarter.

Shares of Incyte (NASDAQ INCY) opened at $86.34 on Thursday. The firm has a market cap of $18,220.00, a PE ratio of -107.93 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.81 and a current ratio of 4.82. Incyte has a 12 month low of $84.21 and a 12 month high of $153.15.

In other Incyte news, Director Paul A. Friedman sold 28,507 shares of Incyte stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $105.24, for a total transaction of $3,000,076.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vijay K. Iyengar sold 5,000 shares of Incyte stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $97.26, for a total transaction of $486,300.00. The disclosure for this sale can be found here. Insiders have sold 40,963 shares of company stock worth $4,222,953 in the last ninety days. Insiders own 17.70% of the company’s stock.

A number of brokerages have recently commented on INCY. Nomura reiterated a “buy” rating on shares of Incyte in a research note on Thursday, February 1st. BidaskClub lowered shares of Incyte from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 1st. Oppenheimer reiterated a “hold” rating and issued a $110.00 price target (down from $120.00) on shares of Incyte in a research note on Monday, January 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $172.00 price target on shares of Incyte in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Incyte from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Incyte currently has a consensus rating of “Buy” and a consensus target price of $143.25.

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About Incyte

Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).

Earnings History for Incyte (NASDAQ:INCY)

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