FY2017 EPS Estimates for Xencor, Inc. (NASDAQ:XNCR) Lifted by Analyst
Xencor, Inc. (NASDAQ:XNCR) – Investment analysts at Wedbush raised their FY2017 earnings per share (EPS) estimates for shares of Xencor in a research note issued to investors on Tuesday. Wedbush analyst D. Nierengarten now expects that the biopharmaceutical company will post earnings per share of ($1.02) for the year, up from their prior estimate of ($1.16). Wedbush currently has a “Outperform” rating and a $29.00 price target on the stock. Wedbush also issued estimates for Xencor’s Q2 2018 earnings at ($0.42) EPS, FY2018 earnings at ($1.71) EPS, FY2019 earnings at ($1.90) EPS, FY2020 earnings at $1.00 EPS and FY2021 earnings at $0.81 EPS.
XNCR has been the topic of several other reports. Zacks Investment Research downgraded Xencor from a “buy” rating to a “hold” rating in a research report on Saturday, April 29th. Canaccord Genuity restated a “buy” rating and issued a $36.00 price objective on shares of Xencor in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.33.
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Shares of Xencor (XNCR) traded up 0.09% on Friday, reaching $21.30. The company’s stock had a trading volume of 6,443 shares. The company has a 50 day moving average of $22.64 and a 200 day moving average of $23.06. The stock’s market capitalization is $999.52 million. Xencor has a 1-year low of $18.45 and a 1-year high of $29.38.
Xencor (NASDAQ:XNCR) last announced its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The company had revenue of $13.34 million for the quarter, compared to analyst estimates of $8.15 million. Xencor had a negative return on equity of 13.79% and a negative net margin of 121.04%.
In related news, Director Bruce L. A. Carter sold 12,400 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $22.19, for a total value of $275,156.00. Following the completion of the transaction, the director now directly owns 83,344 shares in the company, valued at $1,849,403.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John S. Stafford III bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was acquired at an average price of $19.67 per share, with a total value of $29,505.00. The disclosure for this purchase can be found here. Insiders sold 34,766 shares of company stock valued at $739,408 over the last quarter. Insiders own 4.03% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA raised its position in Xencor by 0.4% in the first quarter. Primecap Management Co. CA now owns 5,793,356 shares of the biopharmaceutical company’s stock valued at $138,577,000 after buying an additional 24,534 shares during the last quarter. Vanguard Group Inc. raised its position in Xencor by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,611,115 shares of the biopharmaceutical company’s stock valued at $38,537,000 after buying an additional 79,445 shares during the last quarter. Redmile Group LLC raised its position in Xencor by 59.9% in the first quarter. Redmile Group LLC now owns 1,592,526 shares of the biopharmaceutical company’s stock valued at $38,093,000 after buying an additional 596,426 shares during the last quarter. State Street Corp raised its position in Xencor by 17.5% in the first quarter. State Street Corp now owns 992,981 shares of the biopharmaceutical company’s stock valued at $23,751,000 after buying an additional 148,136 shares during the last quarter. Finally, Norges Bank acquired a new position in Xencor during the fourth quarter valued at approximately $15,601,000. Hedge funds and other institutional investors own 74.12% of the company’s stock.
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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