Analysts Expect Five Prime Therapeutics, Inc. (NASDAQ:FPRX) Will Announce Quarterly Sales of $10.15 Million
Brokerages expect that Five Prime Therapeutics, Inc. (NASDAQ:FPRX) will announce $10.15 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Five Prime Therapeutics’ earnings. The highest sales estimate is $10.20 million and the lowest is $10.10 million. Five Prime Therapeutics posted sales of $9.23 million in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, August 8th.
On average, analysts expect that Five Prime Therapeutics will report full-year sales of $10.15 million for the current fiscal year, with estimates ranging from $40.50 million to $55.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $25.67 million per share, with estimates ranging from $20.00 million to $30.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Five Prime Therapeutics.
Five Prime Therapeutics (NASDAQ:FPRX) last announced its earnings results on Thursday, May 4th. The biotechnology company reported ($1.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by $0.25. The company had revenue of $10.13 million for the quarter, compared to analysts’ expectations of $6.05 million. Five Prime Therapeutics had a negative return on equity of 21.81% and a negative net margin of 250.98%. The company’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same period last year, the business earned ($0.49) EPS.
FPRX has been the subject of a number of recent research reports. Zacks Investment Research downgraded Five Prime Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Five Prime Therapeutics in a research note on Friday, May 5th. ValuEngine raised Five Prime Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut Five Prime Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $60.83.
Shares of Five Prime Therapeutics (NASDAQ FPRX) opened at 29.43 on Monday. The company has a 50-day moving average of $29.82 and a 200 day moving average of $35.52. Five Prime Therapeutics has a one year low of $26.65 and a one year high of $60.98. The firm’s market cap is $821.01 million.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Five Prime Therapeutics by 0.8% in the second quarter. Creative Planning now owns 6,744 shares of the biotechnology company’s stock valued at $203,000 after buying an additional 54 shares in the last quarter. Laurion Capital Management LP bought a new stake in Five Prime Therapeutics during the first quarter valued at about $210,000. Rockefeller Financial Services Inc. bought a new stake in Five Prime Therapeutics during the second quarter valued at about $210,000. BlueCrest Capital Management Ltd bought a new stake in Five Prime Therapeutics during the first quarter valued at about $254,000. Finally, Arxis Securities LLC bought a new stake in Five Prime Therapeutics during the first quarter valued at about $267,000. 85.10% of the stock is owned by institutional investors.
Five Prime Therapeutics Company Profile
Five Prime Therapeutics, Inc is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company’s product candidates include Cabiralizumab (FPA008), which is an antibody that inhibits colony stimulating factor-1 receptor, that it is studying in clinical trials as a monotherapy in pigmented villonodular synovitis, and in multiple cancers in combination with programmed-death 1 immune checkpoint inhibitor, Opdivo; FPA144, which is an antibody that inhibits fibroblast growth factor receptor 2b, that it is initially developing to treat patients with gastric (stomach) cancer and is in a Phase I clinical trial, and FP-1039, which is a fusion protein that traps and neutralizes cancer-promoting fibroblast growth factors, involved in cancer cell proliferation and new blood vessel formation and is in Phase Ib clinical development to treat patients with malignant pleural mesothelioma.
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