Neurocrine Biosciences (NBIX) Expected to Post Quarterly Sales of $65.97 Million

Analysts expect Neurocrine Biosciences (NASDAQ:NBIX) to report $65.97 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Neurocrine Biosciences’ earnings, with the highest sales estimate coming in at $71.04 million and the lowest estimate coming in at $59.20 million. The company is expected to report its next quarterly earnings results on Tuesday, May 8th.

On average, analysts expect that Neurocrine Biosciences will report full year sales of $373.62 million for the current year, with estimates ranging from $327.30 million to $420.00 million. For the next financial year, analysts anticipate that the company will report sales of $615.22 million per share, with estimates ranging from $563.84 million to $648.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Neurocrine Biosciences.

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Neurocrine Biosciences (NASDAQ:NBIX) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.11). The company had revenue of $94.52 million for the quarter, compared to the consensus estimate of $94.00 million. During the same quarter last year, the business posted ($0.51) EPS.

A number of research analysts have commented on NBIX shares. Needham & Company LLC increased their price target on shares of Neurocrine Biosciences to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Oppenheimer set a $95.00 price target on shares of Neurocrine Biosciences and gave the company a “buy” rating in a research report on Monday, January 15th. BidaskClub cut shares of Neurocrine Biosciences from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine upgraded shares of Neurocrine Biosciences from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Deutsche Bank increased their price target on shares of Neurocrine Biosciences to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $95.23.

In related news, insider Dimitri E. Grigoriadis sold 86,368 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $78.32, for a total value of $6,764,341.76. Following the completion of the sale, the insider now owns 154,717 shares of the company’s stock, valued at $12,117,435.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin Charles Gorman sold 105,983 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $80.25, for a total value of $8,505,135.75. Following the completion of the sale, the chief executive officer now directly owns 339,482 shares of the company’s stock, valued at approximately $27,243,430.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 361,761 shares of company stock valued at $29,576,784. Insiders own 4.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Crow Point Partners LLC purchased a new stake in Neurocrine Biosciences in the fourth quarter worth $145,000. American International Group Inc. purchased a new stake in Neurocrine Biosciences in the fourth quarter worth $161,000. M&T Bank Corp purchased a new stake in Neurocrine Biosciences in the fourth quarter worth $202,000. Mission Wealth Management LP purchased a new stake in Neurocrine Biosciences in the fourth quarter worth $204,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Neurocrine Biosciences by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 2,665 shares of the company’s stock worth $123,000 after acquiring an additional 193 shares during the period.

Shares of NASDAQ NBIX opened at $78.18 on Tuesday. Neurocrine Biosciences has a one year low of $41.76 and a one year high of $92.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 10.20 and a quick ratio of 10.20.

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Neurocrine Biosciences Company Profile

Neurocrine Biosciences, Inc discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the United States. The company's lead products include INGREZZA (valbenazine), a vesicular monoamine transporter 2 inhibitor (VMAT2), which is used for the treatment of movement disorders; elagolix, a gonadotropin-releasing hormone (GnRH) antagonist that is in Phase III clinical trial for use in women's health; and opicapone, a catechol-O-methyltransferase inhibitor, which is in Phase III clinical trial that is used for in adjunct therapy and preparations of levodopa/DOPA decarboxylase inhibitors for adult patients with Parkinson's disease.

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Earnings History and Estimates for Neurocrine Biosciences (NASDAQ:NBIX)

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