Q1 2018 EPS Estimates for AxoGen, Inc. (NASDAQ:AXGN) Lowered by Analyst

AxoGen, Inc. (NASDAQ:AXGN) – Investment analysts at Leerink Swann reduced their Q1 2018 earnings per share (EPS) estimates for shares of AxoGen in a report released on Wednesday, Zacks Investment Research reports. Leerink Swann analyst R. Newitter now forecasts that the medical equipment provider will post earnings of ($0.15) per share for the quarter, down from their prior forecast of ($0.09). Leerink Swann has a “Outperform” rating and a $30.00 price objective on the stock. Leerink Swann also issued estimates for AxoGen’s Q2 2018 earnings at ($0.08) EPS, FY2018 earnings at ($0.38) EPS and FY2019 earnings at ($0.26) EPS.

AxoGen (NASDAQ:AXGN) last posted its quarterly earnings results on Wednesday, February 28th. The medical equipment provider reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business had revenue of $16.97 million for the quarter, compared to the consensus estimate of $16.38 million. AxoGen had a negative return on equity of 70.63% and a negative net margin of 17.29%. The company’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) EPS.

Several other analysts also recently weighed in on AXGN. Lake Street Capital set a $38.00 price target on AxoGen and gave the company a “buy” rating in a research note on Friday, March 2nd. JMP Securities boosted their price target on AxoGen from $27.00 to $34.00 and gave the company a “market outperform” rating in a research note on Thursday, March 1st. BidaskClub upgraded AxoGen from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. William Blair assumed coverage on AxoGen in a research note on Monday, February 5th. They set an “outperform” rating on the stock. Finally, Cantor Fitzgerald set a $37.00 price target on AxoGen and gave the company a “buy” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. AxoGen presently has a consensus rating of “Buy” and a consensus price target of $31.71.

AxoGen (NASDAQ:AXGN) traded up $0.55 during trading on Monday, reaching $35.70. The company’s stock had a trading volume of 193,791 shares, compared to its average volume of 308,082. The company has a current ratio of 4.07, a quick ratio of 3.53 and a debt-to-equity ratio of 0.79. The stock has a market cap of $1,188.42, a P/E ratio of -119.00 and a beta of 0.10. AxoGen has a twelve month low of $9.70 and a twelve month high of $36.15.

In other news, CFO Jamie Mark Grooms sold 95,712 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.84, for a total value of $2,568,910.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 169,407 shares of company stock worth $4,593,013 in the last 90 days. Company insiders own 9.33% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new stake in shares of AxoGen in the fourth quarter worth about $5,081,000. MetLife Investment Advisors LLC purchased a new stake in shares of AxoGen in the fourth quarter worth about $388,000. Gotham Asset Management LLC purchased a new stake in shares of AxoGen in the fourth quarter worth about $249,000. Paloma Partners Management Co purchased a new stake in shares of AxoGen in the fourth quarter worth about $215,000. Finally, Two Sigma Advisers LP boosted its stake in shares of AxoGen by 62.0% in the fourth quarter. Two Sigma Advisers LP now owns 116,500 shares of the medical equipment provider’s stock worth $3,297,000 after buying an additional 44,600 shares during the last quarter. Hedge funds and other institutional investors own 68.01% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Q1 2018 EPS Estimates for AxoGen, Inc. (NASDAQ:AXGN) Lowered by Analyst” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/14/axogen-inc-to-post-q1-2018-earnings-of-0-15-per-share-leerink-swann-forecasts-axgn.html.

About AxoGen

AxoGen, Inc provides surgical solutions for peripheral nerve injuries. The company’s surgical nerve repair solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect injured peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.

Get a free copy of the Zacks research report on AxoGen (AXGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AxoGen (NASDAQ:AXGN)

Receive News & Ratings for AxoGen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AxoGen and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply