Zacks: Brokerages Anticipate Axovant Sciences (AXON) Will Announce Earnings of -$0.39 Per Share

Equities research analysts expect Axovant Sciences (NASDAQ:AXON) to announce earnings of ($0.39) per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Axovant Sciences’ earnings. The lowest EPS estimate is ($0.49) and the highest is ($0.27). Axovant Sciences reported earnings per share of ($0.53) during the same quarter last year, which indicates a positive year-over-year growth rate of 26.4%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, June 12th.

According to Zacks, analysts expect that Axovant Sciences will report full year earnings of ($2.22) per share for the current year, with EPS estimates ranging from ($2.32) to ($2.09). For the next financial year, analysts anticipate that the business will report earnings of ($1.83) per share, with EPS estimates ranging from ($2.65) to ($1.22). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Axovant Sciences.

A number of equities analysts have issued reports on AXON shares. Zacks Investment Research raised shares of Axovant Sciences from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Wednesday, January 31st. Cowen reissued a “hold” rating on shares of Axovant Sciences in a report on Tuesday, February 13th. Oppenheimer reissued a “hold” rating on shares of Axovant Sciences in a report on Tuesday, February 13th. ValuEngine raised shares of Axovant Sciences from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Chardan Capital raised shares of Axovant Sciences from a “sell” rating to a “neutral” rating and set a $2.50 target price on the stock in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Axovant Sciences has an average rating of “Hold” and a consensus price target of $13.61.

In other Axovant Sciences news, Director George Bickerstaff purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $1.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 72.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Axovant Sciences by 135.6% during the third quarter. Wells Fargo & Company MN now owns 53,695 shares of the biotechnology company’s stock valued at $369,000 after buying an additional 30,905 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Axovant Sciences by 284.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 182,676 shares of the biotechnology company’s stock worth $963,000 after purchasing an additional 135,141 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Axovant Sciences by 108.8% during the fourth quarter. Alliancebernstein L.P. now owns 108,600 shares of the biotechnology company’s stock worth $572,000 after purchasing an additional 56,600 shares in the last quarter. Two Sigma Investments LP bought a new stake in Axovant Sciences during the fourth quarter worth approximately $827,000. Finally, Virtus Fund Advisers LLC bought a new stake in Axovant Sciences during the fourth quarter worth approximately $349,000. 93.01% of the stock is currently owned by institutional investors.

NASDAQ AXON traded down $0.04 during trading hours on Thursday, reaching $1.09. The company’s stock had a trading volume of 328,209 shares, compared to its average volume of 1,215,944. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 0.45. Axovant Sciences has a 52 week low of $1.02 and a 52 week high of $27.98. The stock has a market capitalization of $113.18, a P/E ratio of -0.60 and a beta of -0.37.

About Axovant Sciences

Axovant Sciences Ltd., a clinical-stage biopharmaceutical company, engages in developing and commercializing medicines for the treatment of dementia and related neurological disorders in the United States and Europe. Its lead product candidate, intepirdine, a selective 5-HT6 receptor antagonist, which is in Phase III clinical trial for the treatment of Alzheimer's disease; in Phase IIb clinical trial for treating dementia with Lewy bodies (DLB); and in Phase II clinical trial for treating cait and balance in Alzheimer's disease, DLB, and Parkinson's disease dementia.

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Earnings History and Estimates for Axovant Sciences (NASDAQ:AXON)

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