Immunomedics (IMMU) Set to Announce Quarterly Earnings on Thursday

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Immunomedics (NASDAQ:IMMU) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.34) per share for the quarter.

Immunomedics (NASDAQ:IMMU) last posted its quarterly earnings data on Monday, February 25th. The biopharmaceutical company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.16). On average, analysts expect Immunomedics to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of NASDAQ IMMU traded down $0.15 on Friday, reaching $14.75. 39,108 shares of the company traded hands, compared to its average volume of 3,054,520. Immunomedics has a fifty-two week low of $11.55 and a fifty-two week high of $27.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 13.45 and a quick ratio of 13.45. The company has a market cap of $2.83 billion, a P/E ratio of -14.34 and a beta of 1.97.

IMMU has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Immunomedics from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. BidaskClub downgraded shares of Immunomedics from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. HC Wainwright set a $28.00 price objective on shares of Immunomedics and gave the company a “buy” rating in a research report on Tuesday, April 2nd. ValuEngine downgraded shares of Immunomedics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Cowen reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Immunomedics in a research report on Friday, January 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.55.

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About Immunomedics

Immunomedics, Inc, a clinical-stage biopharmaceutical company, develops monoclonal antibody-based products for the targeted treatment of cancer. Its advanced antibody-drug conjugates are sacituzumab govitecan and labetuzumab govitecan, which are in advanced trials for various solid tumors and metastatic colorectal cancer, respectively.

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Earnings History for Immunomedics (NASDAQ:IMMU)

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