Wall Street brokerages expect Myovant Sciences Ltd (NYSE:MYOV) to post earnings per share of ($0.78) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Myovant Sciences’ earnings, with the lowest EPS estimate coming in at ($0.87) and the highest estimate coming in at ($0.71). Myovant Sciences posted earnings per share of ($0.79) in the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 10th.
According to Zacks, analysts expect that Myovant Sciences will report full year earnings of ($2.82) per share for the current financial year, with EPS estimates ranging from ($3.09) to ($2.55). For the next year, analysts anticipate that the firm will report earnings of ($2.82) per share, with EPS estimates ranging from ($3.52) to ($1.55). Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Myovant Sciences.
Myovant Sciences (NYSE:MYOV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.31. The business had revenue of $33.33 million for the quarter.
Several research analysts have commented on the company. SVB Leerink cut their price target on Myovant Sciences from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on Myovant Sciences from $19.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. ValuEngine upgraded Myovant Sciences from a “hold” rating to a “buy” rating in a research note on Thursday, August 27th. Citigroup lifted their target price on Myovant Sciences from $9.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Evercore ISI lifted their target price on Myovant Sciences from $45.00 to $55.00 and gave the company a “positive” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $27.36.
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In related news, insider Ferreira Juan Camilo Arjona sold 2,058 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $20.01, for a total value of $41,180.58. Following the completion of the transaction, the insider now directly owns 138,026 shares in the company, valued at $2,761,900.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew Lang sold 26,700 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $20.05, for a total value of $535,335.00. Following the completion of the transaction, the general counsel now owns 172,565 shares of the company’s stock, valued at $3,459,928.25. The disclosure for this sale can be found here. Insiders sold 57,658 shares of company stock valued at $1,155,066 over the last quarter. Insiders own 3.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in Myovant Sciences during the second quarter valued at about $41,000. PNC Financial Services Group Inc. boosted its position in shares of Myovant Sciences by 1,552.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,661 shares of the company’s stock worth $55,000 after buying an additional 2,500 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Myovant Sciences by 28.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,526 shares of the company’s stock worth $49,000 after buying an additional 1,453 shares during the period. Wells Fargo & Company MN boosted its position in shares of Myovant Sciences by 34.8% in the first quarter. Wells Fargo & Company MN now owns 8,530 shares of the company’s stock worth $64,000 after buying an additional 2,200 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Myovant Sciences in the second quarter worth about $200,000. 35.63% of the stock is owned by hedge funds and other institutional investors.
MYOV traded down $0.78 during trading on Wednesday, hitting $21.82. 958,336 shares of the stock were exchanged, compared to its average volume of 994,006. The firm has a market capitalization of $1.97 billion, a P/E ratio of -7.66 and a beta of 2.49. Myovant Sciences has a 1-year low of $4.14 and a 1-year high of $23.04. The stock has a fifty day moving average price of $19.15 and a two-hundred day moving average price of $14.89.
Myovant Sciences Company Profile
Myovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on developing and commercializing therapies for women’s health and endocrine diseases. The company’s lead product is relugolix, an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone receptor antagonist for the treatment of heavy menstrual bleeding related with uterine fibroids, endometriosis-associated pain, and advanced prostate cancer.
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