$15.65 Million in Sales Expected for Xencor Inc (XNCR) This Quarter

Wall Street analysts forecast that Xencor Inc (NASDAQ:XNCR) will report $15.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Xencor’s earnings, with the highest sales estimate coming in at $21.00 million and the lowest estimate coming in at $10.30 million. Xencor posted sales of $6.44 million during the same quarter last year, which would indicate a positive year over year growth rate of 143%. The firm is expected to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Xencor will report full-year sales of $15.65 million for the current year, with estimates ranging from $25.30 million to $45.77 million. For the next financial year, analysts expect that the firm will report sales of $25.33 million per share, with estimates ranging from $19.80 million to $36.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Xencor.

A number of research firms have weighed in on XNCR. BidaskClub upgraded Xencor from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 24th. Zacks Investment Research reissued a “sell” rating on shares of Xencor in a research report on Saturday, January 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Xencor in a research report on Sunday, November 12th. ValuEngine downgraded Xencor from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, Canaccord Genuity set a $36.00 target price on Xencor and gave the company a “buy” rating in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.80.

In related news, major shareholder John S. Stafford III purchased 5,349 shares of the business’s stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $19.85 per share, with a total value of $106,177.65. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder John S. Stafford III purchased 9,215 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $20.76 per share, for a total transaction of $191,303.40. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 36,153 shares of company stock worth $731,583. 4.14% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in XNCR. Legal & General Group Plc grew its position in Xencor by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock worth $189,000 after purchasing an additional 385 shares during the period. TIAA CREF Investment Management LLC grew its position in Xencor by 3.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 211,155 shares of the biopharmaceutical company’s stock worth $4,457,000 after purchasing an additional 7,416 shares during the period. Nationwide Fund Advisors grew its position in Xencor by 2.4% during the 2nd quarter. Nationwide Fund Advisors now owns 59,504 shares of the biopharmaceutical company’s stock worth $1,256,000 after purchasing an additional 1,420 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Xencor by 15.4% during the 2nd quarter. New York State Common Retirement Fund now owns 74,223 shares of the biopharmaceutical company’s stock worth $1,567,000 after acquiring an additional 9,881 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Xencor by 6.6% during the 2nd quarter. Northern Trust Corp now owns 498,616 shares of the biopharmaceutical company’s stock worth $10,527,000 after acquiring an additional 30,715 shares in the last quarter. 77.33% of the stock is currently owned by institutional investors.

Shares of Xencor (XNCR) traded up $0.55 during midday trading on Friday, hitting $22.25. The company had a trading volume of 143,657 shares, compared to its average volume of 161,723. The stock has a market capitalization of $1,019.05, a price-to-earnings ratio of -21.70 and a beta of 1.97. Xencor has a 12-month low of $18.55 and a 12-month high of $28.64.

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About Xencor

Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.

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