Zacks: Brokerages Expect Ultragenyx Pharmaceutical Inc (RARE) Will Post Earnings of -$2.13 Per Share

Equities research analysts expect Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) to post earnings of ($2.13) per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Ultragenyx Pharmaceutical’s earnings, with the highest EPS estimate coming in at ($1.92) and the lowest estimate coming in at ($2.36). Ultragenyx Pharmaceutical reported earnings per share of ($1.72) in the same quarter last year, which suggests a negative year over year growth rate of 23.8%. The company is scheduled to report its next earnings results on Thursday, July 26th.

According to Zacks, analysts expect that Ultragenyx Pharmaceutical will report full-year earnings of ($5.32) per share for the current fiscal year, with EPS estimates ranging from ($7.31) to ($3.80). For the next year, analysts anticipate that the company will report earnings of ($6.88) per share, with EPS estimates ranging from ($8.71) to ($4.32). Zacks’ EPS averages are an average based on a survey of research analysts that follow Ultragenyx Pharmaceutical.

Ultragenyx Pharmaceutical (NASDAQ:RARE) last issued its earnings results on Monday, May 7th. The biopharmaceutical company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.81. The business had revenue of $10.68 million during the quarter, compared to analysts’ expectations of $56.58 million. During the same period in the prior year, the business posted ($1.63) EPS.

RARE has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Ultragenyx Pharmaceutical from $61.00 to $72.00 in a report on Tuesday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 price target (down from $85.00) on shares of Ultragenyx Pharmaceutical in a report on Wednesday, February 21st. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price target on shares of Ultragenyx Pharmaceutical in a report on Friday, February 23rd. BidaskClub raised shares of Ultragenyx Pharmaceutical from a “hold” rating to a “buy” rating in a report on Saturday, April 14th. Finally, SunTrust Banks raised shares of Ultragenyx Pharmaceutical from a “hold” rating to a “buy” rating and raised their price target for the company from $41.67 to $55.00 in a report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Ultragenyx Pharmaceutical presently has an average rating of “Buy” and an average price target of $70.06.

Shares of Ultragenyx Pharmaceutical traded up $2.67, reaching $80.25, during mid-day trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 30,141 shares, compared to its average volume of 555,610. The company has a market cap of $3.64 billion, a PE ratio of -10.70 and a beta of 1.97. Ultragenyx Pharmaceutical has a 12-month low of $41.67 and a 12-month high of $77.62.

In other Ultragenyx Pharmaceutical news, CFO Shalini Sharp sold 13,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $70.17, for a total transaction of $912,210.00. Following the completion of the transaction, the chief financial officer now directly owns 70,174 shares of the company’s stock, valued at approximately $4,924,109.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew K. Fust sold 6,319 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $72.00, for a total transaction of $454,968.00. Following the transaction, the director now directly owns 8,750 shares of the company’s stock, valued at $630,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,784 shares of company stock valued at $1,455,078. 8.40% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Candriam Luxembourg S.C.A. grew its holdings in Ultragenyx Pharmaceutical by 23.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 74,000 shares of the biopharmaceutical company’s stock worth $3,432,000 after acquiring an additional 14,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Ultragenyx Pharmaceutical by 1,246.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,273 shares of the biopharmaceutical company’s stock worth $152,000 after acquiring an additional 3,030 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Ultragenyx Pharmaceutical during the 1st quarter worth $3,687,000. Paloma Partners Management Co acquired a new position in Ultragenyx Pharmaceutical during the 4th quarter worth $580,000. Finally, Swiss National Bank grew its holdings in Ultragenyx Pharmaceutical by 4.0% during the 4th quarter. Swiss National Bank now owns 69,952 shares of the biopharmaceutical company’s stock worth $3,244,000 after acquiring an additional 2,700 shares in the last quarter. 96.11% of the stock is owned by institutional investors.

About Ultragenyx Pharmaceutical

Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of various products for the treatment of rare and ultra-rare genetic diseases in the United States. Its biologics product candidate includes Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII.

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Earnings History and Estimates for Ultragenyx Pharmaceutical (NASDAQ:RARE)

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