Equities analysts expect Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) to post ($0.06) earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ionis Pharmaceuticals’ earnings. The highest EPS estimate is $0.29 and the lowest is ($0.36). Ionis Pharmaceuticals posted earnings per share of $0.21 during the same quarter last year, which indicates a negative year over year growth rate of 128.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Ionis Pharmaceuticals will report full year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.25) to $0.22. For the next fiscal year, analysts anticipate that the business will report earnings of $0.40 per share, with EPS estimates ranging from ($1.10) to $2.91. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ionis Pharmaceuticals.

A number of brokerages have recently issued reports on IONS. Morgan Stanley boosted their target price on shares of Ionis Pharmaceuticals from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reissued a “hold” rating on shares of Ionis Pharmaceuticals in a research report on Tuesday, September 12th. Evercore ISI began coverage on shares of Ionis Pharmaceuticals in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $65.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $64.00 target price on shares of Ionis Pharmaceuticals in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and set a $18.00 price objective (up previously from $17.00) on shares of Ionis Pharmaceuticals in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.31.

Shares of Ionis Pharmaceuticals (NASDAQ:IONS) traded up $0.76 during trading on Friday, hitting $55.88. 699,400 shares of the stock were exchanged, compared to its average volume of 1,512,485. The company has a market capitalization of $6,973.57, a PE ratio of 372.53 and a beta of 2.90. Ionis Pharmaceuticals has a 52 week low of $37.26 and a 52 week high of $65.51. The company has a debt-to-equity ratio of 1.50, a quick ratio of 6.21 and a current ratio of 6.25.

In other Ionis Pharmaceuticals news, Chairman Stanley T. Crooke sold 27,500 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $52.89, for a total transaction of $1,454,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stanley T. Crooke sold 15,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $52.00, for a total value of $780,000.00. Following the transaction, the chief executive officer now directly owns 43,014 shares of the company’s stock, valued at approximately $2,236,728. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,636 shares of company stock valued at $5,723,915. Insiders own 2.13% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of IONS. Prudential Financial Inc. raised its stake in Ionis Pharmaceuticals by 36.4% during the first quarter. Prudential Financial Inc. now owns 8,241 shares of the company’s stock worth $331,000 after acquiring an additional 2,200 shares in the last quarter. Teachers Advisors LLC raised its stake in Ionis Pharmaceuticals by 6.3% during the first quarter. Teachers Advisors LLC now owns 131,656 shares of the company’s stock worth $5,293,000 after acquiring an additional 7,846 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Ionis Pharmaceuticals by 211.2% in the first quarter. Legal & General Group Plc now owns 40,536 shares of the company’s stock valued at $1,630,000 after buying an additional 27,512 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ionis Pharmaceuticals by 75.0% in the first quarter. Dimensional Fund Advisors LP now owns 170,316 shares of the company’s stock valued at $6,847,000 after buying an additional 72,975 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Ionis Pharmaceuticals by 1.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 312,963 shares of the company’s stock valued at $12,582,000 after buying an additional 3,688 shares during the period. 88.98% of the stock is owned by hedge funds and other institutional investors.

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Ionis Pharmaceuticals Company Profile

Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.

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Earnings History and Estimates for Ionis Pharmaceuticals (NASDAQ:IONS)

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