Inogen, Inc. (NASDAQ:INGN) Expected to Announce Quarterly Sales of $76.20 Million

Analysts expect Inogen, Inc. (NASDAQ:INGN) to report $76.20 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Inogen’s earnings, with the highest sales estimate coming in at $76.40 million and the lowest estimate coming in at $76.00 million. Inogen posted sales of $73.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to report its next quarterly earnings results on Wednesday, February 23rd.

On average, analysts expect that Inogen will report full year sales of $356.69 million for the current year, with estimates ranging from $355.72 million to $358.00 million. For the next financial year, analysts anticipate that the company will report sales of $373.19 million, with estimates ranging from $354.60 million to $382.03 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Inogen.

Inogen (NASDAQ:INGN) last announced its earnings results on Thursday, November 4th. The medical technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.82. Inogen had a net margin of 3.21% and a return on equity of 3.11%. The firm had revenue of $93.11 million for the quarter, compared to analyst estimates of $86.69 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue was up 25.3% compared to the same quarter last year.

Several research firms recently issued reports on INGN. SVB Leerink reduced their price target on shares of Inogen from $72.00 to $42.00 and set a “market perform” rating on the stock in a research report on Friday, November 5th. Stifel Nicolaus dropped their price objective on shares of Inogen from $70.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, November 8th. JPMorgan Chase & Co. raised shares of Inogen from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $71.00 to $45.00 in a research note on Tuesday, November 2nd. Finally, Needham & Company LLC raised shares of Inogen from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, December 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.33.

A number of large investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC grew its holdings in Inogen by 7.1% in the second quarter. Mutual of America Capital Management LLC now owns 2,642 shares of the medical technology company’s stock worth $172,000 after purchasing an additional 176 shares during the period. CWM Advisors LLC grew its holdings in shares of Inogen by 2.8% during the second quarter. CWM Advisors LLC now owns 6,884 shares of the medical technology company’s stock valued at $449,000 after buying an additional 189 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Inogen by 4.6% during the third quarter. Handelsbanken Fonder AB now owns 6,865 shares of the medical technology company’s stock valued at $296,000 after buying an additional 300 shares during the last quarter. Swiss National Bank grew its holdings in shares of Inogen by 0.7% during the third quarter. Swiss National Bank now owns 42,000 shares of the medical technology company’s stock valued at $1,810,000 after buying an additional 300 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Inogen by 3.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 9,015 shares of the medical technology company’s stock valued at $588,000 after buying an additional 332 shares during the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.

Shares of NASDAQ INGN traded down $0.16 during trading hours on Friday, hitting $30.80. 146,696 shares of the stock were exchanged, compared to its average volume of 254,388. The company has a market cap of $699.90 million, a PE ratio of 62.86 and a beta of 0.97. The company’s fifty day simple moving average is $32.95 and its two-hundred day simple moving average is $49.17. Inogen has a 1-year low of $26.19 and a 1-year high of $82.35.

About Inogen

Inogen, Inc engages in the development, manufacture, and marketing of portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. Its products consists of Inogen One G4 system, Inogen One G3 system, Inogen One G5 system, Inogen TAV, and Inogen at Home.

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Earnings History and Estimates for Inogen (NASDAQ:INGN)

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