Amicus Therapeutics, Inc. (FOLD) Scheduled to Post Earnings on Monday
Amicus Therapeutics, Inc. (NASDAQ:FOLD) is scheduled to release its earnings data before the market opens on Monday, November 6th. Analysts expect Amicus Therapeutics to post earnings of ($0.37) per share for the quarter.
Amicus Therapeutics (NASDAQ:FOLD) last posted its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.03. Amicus Therapeutics had a negative return on equity of 61.25% and a negative net margin of 1,279.88%. The company had revenue of $7.16 million during the quarter, compared to analysts’ expectations of $6.96 million. During the same period in the prior year, the business earned ($0.40) earnings per share. On average, analysts expect Amicus Therapeutics to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of Amicus Therapeutics, Inc. (NASDAQ FOLD) opened at $14.43 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.39 and a debt-to-equity ratio of 0.60.
Several brokerages recently commented on FOLD. BidaskClub cut Amicus Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Chardan Capital raised their target price on Amicus Therapeutics from $12.50 to $17.50 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research raised Amicus Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Robert W. Baird raised their target price on Amicus Therapeutics from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Amicus Therapeutics in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.81.
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In other news, insider Hung Do sold 50,194 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $14.25, for a total value of $715,264.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daphne Quimi sold 7,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $14.25, for a total value of $99,750.00. The disclosure for this sale can be found here. Insiders have sold 628,224 shares of company stock valued at $9,024,003 over the last quarter. Corporate insiders own 3.40% of the company’s stock.
Amicus Therapeutics Company Profile
Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.
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