Q1 2018 Earnings Estimate for Sarepta Therapeutics Inc (SRPT) Issued By Leerink Swann
Sarepta Therapeutics Inc (NASDAQ:SRPT) – Equities research analysts at Leerink Swann issued their Q1 2018 EPS estimates for shares of Sarepta Therapeutics in a research note issued on Wednesday. Leerink Swann analyst J. Schwartz expects that the biotechnology company will earn ($0.45) per share for the quarter. Leerink Swann currently has a “Outperform” rating and a $66.00 target price on the stock. Leerink Swann also issued estimates for Sarepta Therapeutics’ FY2018 earnings at ($1.21) EPS and FY2019 earnings at $0.51 EPS.
Other equities research analysts have also issued reports about the company. BidaskClub lowered Sarepta Therapeutics from a “buy” rating to a “hold” rating in a research report on Saturday. William Blair reissued an “outperform” rating on shares of Sarepta Therapeutics in a research report on Monday, October 2nd. Zacks Investment Research lowered Sarepta Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday. Robert W. Baird reissued an “outperform” rating and issued a $101.00 price target on shares of Sarepta Therapeutics in a research report on Monday, October 2nd. Finally, UBS Group reissued an “outperform” rating and issued a $56.51 price target (down from $76.00) on shares of Sarepta Therapeutics in a research report on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.88.
Sarepta Therapeutics (NASDAQ:SRPT) last issued its earnings results on Wednesday, October 25th. The biotechnology company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.66. Sarepta Therapeutics had a negative return on equity of 51.72% and a negative net margin of 112.08%. The company had revenue of $45.95 million for the quarter, compared to analyst estimates of $41.29 million. During the same period in the prior year, the firm earned ($0.95) earnings per share.
Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC bought a new position in shares of Sarepta Therapeutics during the 3rd quarter worth $1,134,000. California Public Employees Retirement System grew its stake in shares of Sarepta Therapeutics by 1.2% during the 3rd quarter. California Public Employees Retirement System now owns 142,900 shares of the biotechnology company’s stock worth $6,482,000 after acquiring an additional 1,700 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Sarepta Therapeutics during the 3rd quarter worth $474,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Sarepta Therapeutics by 140.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,262 shares of the biotechnology company’s stock worth $193,000 after acquiring an additional 2,493 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of Sarepta Therapeutics during the 3rd quarter worth $922,000. 82.02% of the stock is owned by hedge funds and other institutional investors.
In other Sarepta Therapeutics news, CEO Douglas S. Ingram bought 38,138 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $52.44 per share, with a total value of $1,999,956.72. Following the transaction, the chief executive officer now directly owns 420,196 shares in the company, valued at approximately $22,035,078.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Shamim Ruff sold 10,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the senior vice president now directly owns 37,045 shares of the company’s stock, valued at $2,037,475. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
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Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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