FY2017 Earnings Forecast for Regulus Therapeutics Inc (RGLS) Issued By Wedbush
Regulus Therapeutics Inc (NASDAQ:RGLS) – Investment analysts at Wedbush cut their FY2017 earnings per share estimates for shares of Regulus Therapeutics in a research note issued on Monday. Wedbush analyst L. Moussatos now expects that the biopharmaceutical company will earn ($0.95) per share for the year, down from their prior estimate of ($0.88). Wedbush currently has a “Outperform” rating and a $4.00 target price on the stock. Wedbush also issued estimates for Regulus Therapeutics’ Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.46) EPS, FY2019 earnings at ($0.48) EPS, FY2020 earnings at ($0.56) EPS and FY2021 earnings at ($0.21) EPS.
Several other equities research analysts have also commented on RGLS. Zacks Investment Research lowered Regulus Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Regulus Therapeutics in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $2.60.
Shares of Regulus Therapeutics (RGLS) opened at $0.90 on Wednesday. Regulus Therapeutics has a 52-week low of $0.79 and a 52-week high of $2.75. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.41.
A number of large investors have recently made changes to their positions in RGLS. NEA Management Company LLC bought a new position in Regulus Therapeutics in the third quarter worth approximately $13,737,000. EcoR1 Capital LLC boosted its holdings in Regulus Therapeutics by 145.6% in the second quarter. EcoR1 Capital LLC now owns 3,709,144 shares of the biopharmaceutical company’s stock worth $3,656,000 after acquiring an additional 2,199,144 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in Regulus Therapeutics in the third quarter worth approximately $750,000. South Dakota Investment Council boosted its holdings in Regulus Therapeutics by 37.1% in the third quarter. South Dakota Investment Council now owns 1,820,027 shares of the biopharmaceutical company’s stock worth $2,275,000 after acquiring an additional 492,969 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Regulus Therapeutics in the third quarter worth approximately $347,000. Institutional investors and hedge funds own 59.41% of the company’s stock.
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About Regulus Therapeutics
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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