Brokerages Anticipate Exact Sciences Co. (NASDAQ: EXAS) to Report Quarterly Sales of $ 430.29 Million
Stock analysts predict that Exact Sciences Co. (NASDAQ: EXAS) will report revenue of $ 430.29 million for the current quarter, Zacks investment research reports. Seven analysts have estimated the profits of Exact Sciences. The highest sales estimate is $ 440.10 million and the lowest is $ 421.20 million. Exact Sciences reported $ 408.36 million in revenue in the same quarter last year, which would indicate a positive growth rate of 5.4% year-over-year. The company is expected to announce its next quarterly earnings report on Tuesday, October 26.
According to Zacks, analysts expect Exact Sciences to report annual revenue of $ 1.73 billion for the current fiscal year, with estimates ranging from $ 1.72 billion to 1.74 billion billion dollars. For the next fiscal year, analysts predict the company will post revenue of $ 2.10 billion, with estimates ranging from $ 1.93 billion to $ 2.22 billion. Zacks sales averages are an average based on a survey of analysts who cover Exact Sciences.
Exact Sciences (NASDAQ: EXAS) last released its results on Tuesday, July 27. The medical research company reported ($ 1.03) earnings per share for the quarter, missing analyst consensus estimates of ($ 0.72) by ($ 0.31). Exact Sciences has a negative net margin of 50.52% and a negative return on equity of 8.93%. The company posted revenue of $ 434.82 million in the quarter, compared to analysts’ estimates of $ 418.76 million.
A number of equity analysts recently commented on the stock. Canaccord Genuity lowered its price target for Exact Sciences stock from $ 185.00 to $ 160.00 and set a âbuyâ rating on the stock in a report released on Thursday, July 29. Stifel Nicolaus lowered his target price on Exact Sciences shares from $ 165.00 to $ 145.00 and set a âbuyâ rating on the stock in a report released Thursday, July 29. Wells Fargo & Company raised its price target for Exact Sciences stock from $ 115.00 to $ 120.00 and gave the stock an “equal weight” rating in a report released on Monday, June 21. Zacks investment research downgraded Exact Sciences shares from a âcustodyâ rating to a âstrong sellâ rating and set a target price of $ 88.00 for the company. in a research note on Wednesday, September 29. Finally, Raymond James launched coverage on Exact Sciences shares in a research note on Tuesday, June 15. They set a âstrong buyâ rating and a target price of $ 160.00 for the company. One stock research analyst rated the stock with a sell rating, four issued a conservation rating, twelve assigned a buy rating, and one assigned a high buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of âBuyâ and an average target price of $ 146.94.
Actions of Exact science actions open for $ 93.20 Tuesday. Exact Sciences has a fifty-two week minimum of $ 89.65 and a fifty-two week maximum of $ 159.54. The company has a debt to equity ratio of 0.53, a current ratio of 2.47, and a quick ratio of 2.34. The company has a market cap of $ 16.03 billion, a P / E ratio of -17.07 and a beta of 1.29. The company’s 50-day moving average price is $ 101.72, and its two-hundred-day moving average price is $ 113.61.
In related news, CFO Jeffrey Thomas Elliott sold 38,361 shares of the company in a transaction that took place on Thursday, July 29. The shares were sold at an average price of $ 111.40, for a total trade of $ 4,273,415.40. The sale was disclosed in a legal file with the SEC, which can be accessed through this hyperlink. In addition, principal Katherine S. Zanotti sold 1,381 shares of the company in a transaction that took place on Friday, July 30. The shares were sold at an average price of $ 111.11, for a total trade of $ 153,442.91. As a result of the sale, the Director now owns 34,741 shares of the company, valued at $ 3,860,072.51. Disclosure of this sale can be found here. 1.40% of the shares are currently owned by insiders.
Several hedge funds have recently changed their positions in EXAS. Achmea Investment Management BV acquired a new stake in Exact Sciences during the 1st quarter for a value of approximately $ 624,000. The New York State Common Retirement Fund increased its stake in Exact Sciences by 14.2% during the 1st quarter. The New York State Pooled Retirement Fund now owns 618,330 shares of the medical research company valued at $ 81,484,000 after acquiring an additional 76,818 shares during the period. Rockefeller Capital Management LP increased its stake in Exact Sciences by 64.4% during the 1st quarter. Rockefeller Capital Management LP now owns 16,625 shares of the medical research company valued at $ 2,190,000 after acquiring an additional 6,513 shares during the period. First Horizon Advisors Inc. increased its stake in Exact Sciences by 172.3% during the 1st quarter. First Horizon Advisors Inc. now owns 1,089 shares of the medical research company valued at $ 143,000 after acquiring an additional 689 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Exact Sciences by 23.3% during the first quarter. Teacher Retirement System of Texas now owns 17,517 shares of the medical research company valued at $ 2,308,000 after acquiring an additional 3,311 shares during the period. Institutional investors hold 88.31% of the shares of the company.
Company Profile Exact Sciences
EXACT Sciences Corp. is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer. She developed Cologuard, a screening test for the early detection of colorectal cancer and pre-cancer. The company was founded on February 10, 1995 and is headquartered in Madison, WI.
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