Intrexon Corporation (XON) Set to Announce Quarterly Earnings on Thursday
Intrexon Corporation (NYSE:XON) will announce its earnings results after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter.
Intrexon Corporation (NYSE:XON) last released its quarterly earnings data on Wednesday, August 9th. The biotechnology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.05. Intrexon Corporation had a negative net margin of 60.63% and a negative return on equity of 19.08%. The business had revenue of $54.40 million for the quarter, compared to analyst estimates of $57.17 million. During the same period in the previous year, the firm earned ($0.42) EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts expect Intrexon Corporation to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of Intrexon Corporation (NYSE:XON) opened at $15.94 on Tuesday. Intrexon Corporation has a 1 year low of $15.62 and a 1 year high of $32.90. The company has a current ratio of 2.45, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.
Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Intrexon Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Griffin Securities reissued a “buy” rating and issued a $55.00 target price on shares of Intrexon Corporation in a research note on Friday, October 6th. JMP Securities reissued an “outperform” rating and issued a $42.00 target price on shares of Intrexon Corporation in a research note on Thursday, October 5th. BidaskClub downgraded shares of Intrexon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Northland Securities reissued a “buy” rating and issued a $27.00 target price on shares of Intrexon Corporation in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.20.
In related news, CEO Randal J. Kirk acquired 132,625 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $18.85 per share, with a total value of $2,499,981.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert B. Shapiro acquired 2,850 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $17.50 per share, with a total value of $49,875.00. Following the purchase, the director now owns 43,157 shares in the company, valued at $755,247.50. The disclosure for this purchase can be found here. Insiders purchased a total of 144,569 shares of company stock valued at $2,719,429 in the last three months. 56.30% of the stock is currently owned by corporate insiders.
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Intrexon Corporation Company Profile
Intrexon Corporation (Intrexon) forms collaborations to create biologically-based products and processes using synthetic biology. The Company’s domestic operations are in California, Florida, Maryland, and Virginia, and its primary international operations are in Belgium and Hungary. The Company designs, builds and regulates gene programs, which are deoxyribonucleic acid (DNA) sequences that consist of genetic components.
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