Zacks: Brokerages Expect FibroGen Inc (FGEN) Will Post Quarterly Sales of $45.37 Million
Equities research analysts expect FibroGen Inc (NASDAQ:FGEN) to report sales of $45.37 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for FibroGen’s earnings, with the highest sales estimate coming in at $57.03 million and the lowest estimate coming in at $37.64 million. FibroGen posted sales of $31.91 million in the same quarter last year, which suggests a positive year-over-year growth rate of 42.2%. The business is expected to announce its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that FibroGen will report full year sales of $45.37 million for the current year, with estimates ranging from $120.80 million to $140.19 million. For the next financial year, analysts expect that the company will post sales of $229.55 million per share, with estimates ranging from $207.00 million to $248.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover FibroGen.
FibroGen (NASDAQ:FGEN) last posted its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.13). FibroGen had a negative net margin of 120.00% and a negative return on equity of 47.36%.
FibroGen (NASDAQ:FGEN) traded down $1.75 during trading on Monday, hitting $52.20. 205,361 shares of the stock traded hands, compared to its average volume of 593,205. The company has a debt-to-equity ratio of 0.16, a quick ratio of 10.83 and a current ratio of 10.83. The stock has a market cap of $4,422.22, a PE ratio of -26.45 and a beta of 1.74. FibroGen has a 12-month low of $22.75 and a 12-month high of $63.00.
In related news, insider K Peony Yu sold 10,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the insider now owns 152,086 shares of the company’s stock, valued at approximately $9,429,332. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas F. Kearns, Jr. sold 18,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $45.22, for a total transaction of $813,960.00. Following the transaction, the director now directly owns 156,564 shares in the company, valued at approximately $7,079,824.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,917 shares of company stock worth $16,142,651. 13.60% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in FibroGen in the 2nd quarter worth $128,000. Bank of Montreal Can grew its holdings in FibroGen by 2,097.2% in the 4th quarter. Bank of Montreal Can now owns 3,186 shares of the biopharmaceutical company’s stock worth $151,000 after acquiring an additional 3,041 shares during the last quarter. Fortaleza Asset Management Inc. grew its holdings in FibroGen by 95.0% in the 4th quarter. Fortaleza Asset Management Inc. now owns 3,490 shares of the biopharmaceutical company’s stock worth $165,000 after acquiring an additional 1,700 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in FibroGen by 15.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,218 shares of the biopharmaceutical company’s stock worth $169,000 after acquiring an additional 696 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in FibroGen by 41.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,883 shares of the biopharmaceutical company’s stock worth $184,000 after acquiring an additional 1,147 shares during the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.
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FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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