Amyris, Inc. (AMRS) Set to Announce Quarterly Earnings on Thursday
Amyris, Inc. (NASDAQ:AMRS) is scheduled to announce its earnings results after the market closes on Thursday, August 10th. Analysts expect the company to announce earnings of ($1.06) per share for the quarter.
Amyris (NASDAQ:AMRS) last posted its earnings results on Monday, May 15th. The biotechnology company reported ($1.95) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.35) by $0.60. The firm had revenue of $13 million during the quarter, compared to analysts’ expectations of $32.30 million. During the same quarter in the previous year, the business earned ($2.55) earnings per share. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. On average, analysts expect Amyris to post $-4.6 EPS for the current fiscal year and $-3.46 EPS for the next fiscal year.
Amyris, Inc. (NASDAQ AMRS) opened at 3.06 on Tuesday. Amyris, Inc. has a 1-year low of $0.21 and a 1-year high of $18.15. The stock’s 50 day moving average price is $3.47 and its 200 day moving average price is $6.14. The stock’s market capitalization is $60.60 million.
A number of equities research analysts recently issued reports on AMRS shares. Zacks Investment Research lowered Amyris from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine lowered Amyris from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, HC Wainwright reissued a “buy” rating and set a $60.00 price target on shares of Amyris in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.13.
In other Amyris news, Director Patrick Y. Yang purchased 300,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of $0.29 per share, with a total value of $87,000.00. Following the purchase, the director now owns 153,000 shares of the company’s stock, valued at $44,370. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.30% of the stock is currently owned by company insiders.
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Amyris, Inc is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. It is applying its industrial synthetic biology platform to engineer, manufacture and sell products into a range of consumer and industrial markets, including cosmetics, flavors and fragrances (F&F), solvents and cleaners, polymers, lubricants, healthcare products and fuels.
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