Brokerages expect that Endocyte, Inc. (NASDAQ:ECYT) will report ($0.16) earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Endocyte’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.15). Endocyte reported earnings per share of ($0.26) during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The firm is expected to issue its next quarterly earnings results on Friday, March 9th.
On average, analysts expect that Endocyte will report full-year earnings of ($1.24) per share for the current year, with EPS estimates ranging from ($1.25) to ($1.23). For the next fiscal year, analysts forecast that the company will report earnings of ($0.91) per share, with EPS estimates ranging from ($1.02) to ($0.79). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Endocyte.
Endocyte (NASDAQ:ECYT) last issued its quarterly earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). The company had revenue of $0.03 million during the quarter. Endocyte had a negative return on equity of 38.91% and a negative net margin of 82,235.72%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) EPS.
In other Endocyte news, insider Philip S. Low sold 50,511 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $4.41, for a total transaction of $222,753.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher P. Leamon sold 23,231 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $5.04, for a total transaction of $117,084.24. Following the sale, the vice president now owns 150,579 shares of the company’s stock, valued at approximately $758,918.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,253 shares of company stock valued at $562,591. Insiders own 14.86% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Endocyte by 34.1% during the second quarter. Dimensional Fund Advisors LP now owns 98,313 shares of the biopharmaceutical company’s stock valued at $147,000 after purchasing an additional 25,003 shares during the last quarter. FMR LLC increased its stake in Endocyte by 0.9% during the second quarter. FMR LLC now owns 3,540,203 shares of the biopharmaceutical company’s stock valued at $5,310,000 after purchasing an additional 31,168 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Endocyte by 1,064.3% during the second quarter. Goldman Sachs Group Inc. now owns 430,994 shares of the biopharmaceutical company’s stock valued at $646,000 after purchasing an additional 393,975 shares during the last quarter. Hedge funds and other institutional investors own 17.58% of the company’s stock.
Shares of Endocyte (NASDAQ:ECYT) traded down $0.11 during trading hours on Friday, hitting $4.09. 704,426 shares of the company were exchanged, compared to its average volume of 460,083. The company has a market capitalization of $178.82, a price-to-earnings ratio of -3.03 and a beta of 2.20. Endocyte has a fifty-two week low of $1.17 and a fifty-two week high of $6.55.
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Endocyte Company Profile
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