Xencor, Inc. (NASDAQ:XNCR) Expected to Announce Earnings of -$0.27 Per Share
Equities analysts expect Xencor, Inc. (NASDAQ:XNCR) to report earnings per share of ($0.27) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Xencor’s earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.20). Xencor posted earnings per share of ($0.20) during the same quarter last year, which would indicate a negative year over year growth rate of 35%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Xencor will report full-year earnings of ($1.14) per share for the current year, with EPS estimates ranging from ($1.34) to ($0.92). For the next fiscal year, analysts anticipate that the firm will post earnings of ($1.62) per share, with EPS estimates ranging from ($2.02) to ($1.15). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Xencor.
Xencor (NASDAQ:XNCR) last announced its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.10. Xencor had a negative net margin of 121.04% and a negative return on equity of 14.14%. The firm had revenue of $13.34 million during the quarter, compared to analyst estimates of $8.15 million.
A number of research firms recently commented on XNCR. Canaccord Genuity reiterated a “buy” rating and set a $36.00 price objective on shares of Xencor in a research report on Tuesday. Wedbush reiterated an “outperform” rating and set a $29.00 price objective on shares of Xencor in a research report on Friday, June 16th. Finally, Zacks Investment Research cut Xencor from a “buy” rating to a “hold” rating in a research report on Saturday, April 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.33.
In other Xencor news, major shareholder John S. Stafford III purchased 1,500 shares of the stock in a transaction on Friday, June 16th. The stock was bought at an average price of $19.67 per share, for a total transaction of $29,505.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder John S. Stafford III purchased 6,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was acquired at an average price of $19.94 per share, with a total value of $119,640.00. The disclosure for this purchase can be found here. Insiders sold a total of 34,766 shares of company stock valued at $739,408 in the last 90 days. 4.14% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Xencor during the fourth quarter worth about $15,601,000. Creative Planning boosted its stake in shares of Xencor by 2.7% in the first quarter. Creative Planning now owns 38,400 shares of the biopharmaceutical company’s stock worth $919,000 after buying an additional 1,000 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Xencor during the first quarter worth about $1,652,000. Goldman Sachs Group Inc. boosted its stake in shares of Xencor by 50.1% in the first quarter. Goldman Sachs Group Inc. now owns 262,439 shares of the biopharmaceutical company’s stock worth $6,277,000 after buying an additional 87,599 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in shares of Xencor by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 28,100 shares of the biopharmaceutical company’s stock worth $672,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 74.12% of the company’s stock.
Shares of Xencor (NASDAQ XNCR) traded down 3.82% during midday trading on Wednesday, hitting $22.40. 178,930 shares of the company were exchanged. Xencor has a 52-week low of $18.45 and a 52-week high of $29.38. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 63.46 and a beta of 2.14. The company has a 50-day moving average price of $22.46 and a 200-day moving average price of $23.07.
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Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.
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