Zacks: Analysts Anticipate BeiGene (BGNE) to Announce -$1.96 Earnings Per Share

Wall Street analysts expect that BeiGene (NASDAQ:BGNE) will report ($1.96) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for BeiGene’s earnings, with the highest EPS estimate coming in at ($1.87) and the lowest estimate coming in at ($2.00). BeiGene reported earnings of ($1.27) per share in the same quarter last year, which would indicate a negative year over year growth rate of 54.3%. The firm is scheduled to issue its next earnings results on Wednesday, May 9th.

On average, analysts expect that BeiGene will report full-year earnings of ($7.81) per share for the current fiscal year, with EPS estimates ranging from ($8.60) to ($6.77). For the next fiscal year, analysts expect that the business will report earnings of ($8.27) per share, with EPS estimates ranging from ($9.00) to ($7.33). Zacks’ EPS averages are an average based on a survey of analysts that follow BeiGene.

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BeiGene (NASDAQ:BGNE) last released its earnings results on Wednesday, February 28th. The company reported ($2.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.79) by ($0.40). The company had revenue of $18.17 million during the quarter, compared to the consensus estimate of $23.00 million.



A number of analysts recently weighed in on the company. Maxim Group set a $200.00 target price on BeiGene and gave the stock a “buy” rating in a research report on Monday, April 16th. Piper Jaffray started coverage on BeiGene in a research report on Friday, April 13th. They issued an “overweight” rating and a $200.00 target price for the company. Morgan Stanley lifted their price target on BeiGene from $93.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 21st. BidaskClub raised BeiGene from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $138.00 price target on shares of BeiGene in a research note on Thursday, March 1st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. BeiGene has an average rating of “Buy” and an average target price of $158.71.

In other BeiGene news, CEO John Oyler sold 34,338 shares of BeiGene stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $146.69, for a total value of $5,037,041.22. Following the transaction, the chief executive officer now directly owns 93,883 shares of the company’s stock, valued at approximately $13,771,697.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Howard Liang sold 40,000 shares of BeiGene stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $160.27, for a total value of $6,410,800.00. Following the completion of the transaction, the chief financial officer now directly owns 15,872 shares in the company, valued at $2,543,805.44. The disclosure for this sale can be found here. Insiders sold a total of 194,210 shares of company stock worth $29,041,676 over the last ninety days. Insiders own 19.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BGNE. Tower Research Capital LLC TRC purchased a new position in shares of BeiGene during the fourth quarter valued at approximately $182,000. Comerica Bank purchased a new position in shares of BeiGene during the fourth quarter valued at approximately $246,000. Mackenzie Financial Corp purchased a new position in shares of BeiGene during the fourth quarter valued at approximately $250,000. Jefferies Group LLC purchased a new position in shares of BeiGene during the fourth quarter valued at approximately $283,000. Finally, Jane Street Group LLC purchased a new position in shares of BeiGene during the third quarter valued at approximately $339,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BGNE opened at $167.99 on Thursday. BeiGene has a 1-year low of $34.36 and a 1-year high of $182.79. The company has a quick ratio of 6.02, a current ratio of 6.09 and a debt-to-equity ratio of 0.23.

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About BeiGene

BeiGene, Ltd., a clinical-stage biopharmaceutical company, develops and commercializes molecularly-targeted and immuno-oncology drugs for the treatment of cancer. Its commercial products include ABRAXANE, a solvent-free chemotherapy product for the treatment of breast, non-small cell lung, pancreatic, and gastric cancer; REVLIMID, an oral immunomodulatory drug for the treatment of multiple myeloma in combination with dexamethasone; and VIDAZA, a pyrimidine nucleoside analog for the treatment of intermediate-2 and high-risk myelodysplastic syndromes, chronic myelomonocyte leukemia, and acute myeloid leukemia with 20% to 30% blasts and multi-lineage dysplasia.

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Earnings History and Estimates for BeiGene (NASDAQ:BGNE)

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