INC Research Holdings, Inc. (NASDAQ:INCR) – Equities researchers at Jefferies Group raised their Q1 2018 earnings per share estimates for INC Research in a report released on Monday. Jefferies Group analyst D. Windley now forecasts that the company will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.53. Jefferies Group has a “Buy” rating and a $55.00 price target on the stock. Jefferies Group also issued estimates for INC Research’s Q2 2018 earnings at $0.55 EPS and FY2019 earnings at $2.66 EPS.

INC Research (NASDAQ:INCR) last released its earnings results on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.09). INC Research had a positive return on equity of 14.42% and a negative net margin of 4.29%. The business had revenue of $592.21 million for the quarter, compared to analyst estimates of $604.95 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 128.2% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. TheStreet raised INC Research from a “c” rating to a “b-” rating in a research note on Monday, November 6th. Robert W. Baird set a $46.00 price target on INC Research and gave the stock a “buy” rating in a research note on Thursday, November 16th. SunTrust Banks decreased their price target on INC Research to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. Zacks Investment Research raised INC Research from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, September 27th. Finally, Barclays initiated coverage on INC Research in a research note on Monday. They set an “equal weight” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.40.

Shares of INC Research (NASDAQ:INCR) traded down $0.30 during trading hours on Wednesday, hitting $41.05. The stock had a trading volume of 1,657,600 shares, compared to its average volume of 957,178. The stock has a market cap of $4,314.67, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.27 and a quick ratio of 1.27. INC Research has a fifty-two week low of $33.60 and a fifty-two week high of $61.10.

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in INC Research by 3,536.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,747 shares of the company’s stock valued at $510,000 after acquiring an additional 9,479 shares during the last quarter. Sterling Capital Management LLC raised its holdings in INC Research by 17.3% in the 3rd quarter. Sterling Capital Management LLC now owns 13,212 shares of the company’s stock valued at $691,000 after acquiring an additional 1,949 shares during the last quarter. California Public Employees Retirement System raised its holdings in INC Research by 1.2% in the 3rd quarter. California Public Employees Retirement System now owns 136,000 shares of the company’s stock valued at $7,113,000 after acquiring an additional 1,600 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in INC Research by 74.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 25,035 shares of the company’s stock valued at $1,309,000 after acquiring an additional 10,673 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in INC Research by 1,337.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 598,039 shares of the company’s stock valued at $31,277,000 after acquiring an additional 556,439 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Gregory S. Rush sold 9,703 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $54.48, for a total value of $528,619.44. Following the sale, the chief financial officer now owns 78,593 shares of the company’s stock, valued at approximately $4,281,746.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christopher L. Gaenzle sold 4,682 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $54.56, for a total value of $255,449.92. Following the completion of the sale, the chief accounting officer now directly owns 60,579 shares in the company, valued at approximately $3,305,190.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,733 shares of company stock worth $912,270. 0.24% of the stock is owned by corporate insiders.

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INC Research Company Profile

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

Earnings History and Estimates for INC Research (NASDAQ:INCR)

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