Zacks: Analysts Anticipate Atara Biotherapeutics (ATRA) Will Post Earnings of -$0.93 Per Share

Brokerages forecast that Atara Biotherapeutics (NASDAQ:ATRA) will announce earnings of ($0.93) per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Atara Biotherapeutics’ earnings, with the lowest EPS estimate coming in at ($0.97) and the highest estimate coming in at ($0.85). Atara Biotherapeutics reported earnings per share of ($0.88) in the same quarter last year, which suggests a negative year over year growth rate of 5.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Atara Biotherapeutics will report full year earnings of ($3.58) per share for the current financial year, with EPS estimates ranging from ($3.75) to ($3.49). For the next year, analysts forecast that the firm will post earnings of ($3.78) per share, with EPS estimates ranging from ($4.27) to ($3.41). Zacks’ EPS averages are an average based on a survey of research analysts that cover Atara Biotherapeutics.

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Atara Biotherapeutics (NASDAQ:ATRA) last issued its earnings results on Tuesday, February 27th. The biotechnology company reported ($1.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.15).

A number of equities research analysts have issued reports on the stock. JPMorgan Chase assumed coverage on shares of Atara Biotherapeutics in a research note on Tuesday. They set an “overweight” rating and a $56.00 target price for the company. Citigroup raised shares of Atara Biotherapeutics from a “sell” rating to a “neutral” rating and set a $18.00 target price for the company in a research note on Wednesday, January 3rd. Canaccord Genuity reaffirmed a “positive” rating and issued a $70.00 price objective (up previously from $47.00) on shares of Atara Biotherapeutics in a research note on Friday, January 19th. William Blair reaffirmed a “buy” rating on shares of Atara Biotherapeutics in a research note on Friday, April 6th. Finally, BidaskClub raised shares of Atara Biotherapeutics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.50.

Shares of NASDAQ:ATRA traded down $1.60 during trading on Friday, reaching $40.60. 642,566 shares of the company traded hands, compared to its average volume of 1,013,198. The firm has a market capitalization of $1,605.45, a P/E ratio of -10.15 and a beta of 2.55. Atara Biotherapeutics has a 1-year low of $11.80 and a 1-year high of $49.90.

In related news, Director Carol Giltner Gallagher sold 1,183 shares of Atara Biotherapeutics stock in a transaction on Friday, February 16th. The shares were sold at an average price of $46.50, for a total value of $55,009.50. Following the transaction, the director now owns 111,286 shares in the company, valued at approximately $5,174,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Isaac E. Ciechanover sold 48,500 shares of Atara Biotherapeutics stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $34.58, for a total transaction of $1,677,130.00. Following the completion of the transaction, the chief executive officer now owns 348,978 shares in the company, valued at approximately $12,067,659.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 245,424 shares of company stock valued at $9,872,689. 16.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC raised its holdings in Atara Biotherapeutics by 13.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,146,820 shares of the biotechnology company’s stock worth $56,957,000 after acquiring an additional 371,099 shares during the period. Bridger Management LLC raised its holdings in Atara Biotherapeutics by 57.3% in the 4th quarter. Bridger Management LLC now owns 2,598,599 shares of the biotechnology company’s stock worth $47,035,000 after acquiring an additional 946,086 shares during the period. Carillon Tower Advisers Inc. bought a new position in Atara Biotherapeutics in the 4th quarter worth $23,284,000. Neuberger Berman Group LLC raised its holdings in Atara Biotherapeutics by 15.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,115,041 shares of the biotechnology company’s stock worth $18,454,000 after acquiring an additional 147,061 shares during the period. Finally, Artal Group S.A. raised its holdings in Atara Biotherapeutics by 66.7% in the 4th quarter. Artal Group S.A. now owns 1,000,000 shares of the biotechnology company’s stock worth $18,100,000 after acquiring an additional 400,000 shares during the period. Hedge funds and other institutional investors own 76.88% of the company’s stock.

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Atara Biotherapeutics Company Profile

Atara Biotherapeutics, Inc, an off-the-shelf T-cell immunotherapy company, develops treatments for patients with cancer, autoimmune, and viral diseases in the United States. The company is developing tabelecleucel, an advanced T-cell immunotherapy that is Phase III clinical trials for the treatment of rituximab-refractory epstein-barr virus (EBV) associated post-transplant lymphoproliferative disorder, as well as other EBV associated hematologic and solid tumors, including nasopharyngeal carcinoma.

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Earnings History and Estimates for Atara Biotherapeutics (NASDAQ:ATRA)

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