Leerink Swann Analysts Lower Earnings Estimates for FibroGen, Inc (FGEN)
FibroGen, Inc (NASDAQ:FGEN) – Leerink Swann dropped their Q3 2017 earnings per share estimates for FibroGen in a note issued to investors on Tuesday. Leerink Swann analyst G. Porges now anticipates that the biopharmaceutical company will post earnings per share of ($0.23) for the quarter, down from their prior estimate of ($0.22). Leerink Swann has a “Outperform” rating and a $82.00 price objective on the stock. Leerink Swann also issued estimates for FibroGen’s Q4 2017 earnings at ($0.69) EPS, FY2017 earnings at ($1.91) EPS, FY2018 earnings at ($2.88) EPS, FY2019 earnings at ($0.26) EPS, FY2020 earnings at $2.85 EPS and FY2021 earnings at $3.68 EPS.
FibroGen (NASDAQ:FGEN) last released its earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.01. The company had revenue of $29 million for the quarter, compared to the consensus estimate of $34.80 million. FibroGen had a negative net margin of 105.59% and a negative return on equity of 64.42%.
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A number of other research firms also recently issued reports on FGEN. Citigroup Inc. reissued a “buy” rating and issued a $48.00 target price on shares of FibroGen in a research report on Monday, June 26th. Zacks Investment Research lowered FibroGen from a “hold” rating to a “sell” rating in a report on Monday, May 8th. BidaskClub raised FibroGen from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of FibroGen in a report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) lowered FibroGen from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.17.
Shares of FibroGen (FGEN) opened at 43.65 on Thursday. FibroGen has a 52-week low of $15.60 and a 52-week high of $51.70. The stock’s 50 day moving average price is $34.38 and its 200-day moving average price is $28.07. The company’s market capitalization is $3.05 billion.
In other news, insider K Peony Yu sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $33.48, for a total value of $334,800.00. Following the completion of the transaction, the insider now directly owns 226,507 shares of the company’s stock, valued at $7,583,454.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Pat Cotroneo sold 28,346 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $33.97, for a total value of $962,913.62. Following the completion of the transaction, the vice president now directly owns 170,666 shares of the company’s stock, valued at $5,797,524.02. The disclosure for this sale can be found here. Insiders sold 404,974 shares of company stock valued at $12,515,438 over the last ninety days. Corporate insiders own 14.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in FibroGen during the first quarter worth approximately $111,000. SG Americas Securities LLC raised its stake in FibroGen by 6.5% in the second quarter. SG Americas Securities LLC now owns 6,747 shares of the biopharmaceutical company’s stock valued at $218,000 after buying an additional 412 shares in the last quarter. Airain ltd acquired a new stake in FibroGen during the first quarter valued at about $236,000. BNP Paribas Arbitrage SA raised its stake in FibroGen by 589.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,401 shares of the biopharmaceutical company’s stock valued at $239,000 after buying an additional 6,327 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in FibroGen during the first quarter valued at about $249,000. 43.45% of the stock is owned by hedge funds and other institutional investors.
FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of therapeutics to treat serious unmet medical needs. Its lead product candidate is roxadustat (FG-4592). It is also engaged in developing products, such as FG-6874, FG-3019 and FG-5200.
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