Agios Pharmaceuticals, Inc. to Post Q3 2017 Earnings of ($1.78) Per Share, SunTrust Banks Forecasts (AGIO)

Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) – Stock analysts at SunTrust Banks lowered their Q3 2017 earnings per share estimates for Agios Pharmaceuticals in a research note issued to investors on Tuesday. SunTrust Banks analyst Y. Suneja now expects that the biopharmaceutical company will earn ($1.78) per share for the quarter, down from their prior forecast of ($1.64). SunTrust Banks currently has a “Buy” rating and a $80.00 target price on the stock. SunTrust Banks also issued estimates for Agios Pharmaceuticals’ Q4 2017 earnings at ($1.77) EPS, FY2017 earnings at ($6.92) EPS, FY2019 earnings at ($5.80) EPS, FY2020 earnings at ($4.90) EPS and FY2021 earnings at ($1.80) EPS.

Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Janney Montgomery Scott lowered shares of Agios Pharmaceuticals from a “buy” rating to a “neutral” rating in a research report on Monday, June 26th. Canaccord Genuity set a $90.00 target price on shares of Agios Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, May 4th. Cann reiterated a “buy” rating and set a $75.00 target price on shares of Agios Pharmaceuticals in a research report on Sunday, June 11th. Finally, ValuEngine upgraded shares of Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $68.67.

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Shares of Agios Pharmaceuticals (NASDAQ AGIO) opened at 60.56 on Thursday. Agios Pharmaceuticals has a 1-year low of $35.84 and a 1-year high of $67.74. The company’s 50-day moving average is $56.81 and its 200 day moving average is $51.69. The firm’s market cap is $2.92 billion.

Agios Pharmaceuticals (NASDAQ:AGIO) last released its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($1.78) earnings per share for the quarter, missing the consensus estimate of ($1.57) by $0.21. The business had revenue of $11.30 million for the quarter, compared to analyst estimates of $10.68 million. Agios Pharmaceuticals had a negative return on equity of 75.48% and a negative net margin of 502.12%. Agios Pharmaceuticals’s revenue was up 62.1% compared to the same quarter last year. During the same quarter last year, the company earned ($1.47) EPS.

In related news, Director Lewis Clayton Jr. Cantley sold 2,036 shares of Agios Pharmaceuticals stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $47.10, for a total transaction of $95,895.60. Following the completion of the transaction, the director now directly owns 91,206 shares of the company’s stock, valued at approximately $4,295,802.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David P. Schenkein sold 3,000 shares of Agios Pharmaceuticals stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $50.02, for a total transaction of $150,060.00. Following the transaction, the chief executive officer now directly owns 1,100 shares of the company’s stock, valued at $55,022. The disclosure for this sale can be found here. Insiders have sold a total of 79,120 shares of company stock valued at $4,557,207 over the last three months. 10.55% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in AGIO. BlackRock Inc. increased its position in shares of Agios Pharmaceuticals by 8,463.5% in the first quarter. BlackRock Inc. now owns 2,167,074 shares of the biopharmaceutical company’s stock worth $126,556,000 after buying an additional 2,141,768 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Agios Pharmaceuticals by 748.0% in the first quarter. Goldman Sachs Group Inc. now owns 649,124 shares of the biopharmaceutical company’s stock worth $37,909,000 after buying an additional 572,579 shares in the last quarter. First Trust Advisors LP increased its position in shares of Agios Pharmaceuticals by 52.3% in the second quarter. First Trust Advisors LP now owns 973,870 shares of the biopharmaceutical company’s stock worth $50,106,000 after buying an additional 334,291 shares in the last quarter. Norges Bank bought a new position in shares of Agios Pharmaceuticals during the fourth quarter worth $8,246,000. Finally, Redmile Group LLC increased its position in shares of Agios Pharmaceuticals by 22.2% in the first quarter. Redmile Group LLC now owns 902,578 shares of the biopharmaceutical company’s stock worth $52,711,000 after buying an additional 164,127 shares in the last quarter. 84.53% of the stock is owned by hedge funds and other institutional investors.

Agios Pharmaceuticals Company Profile

Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.

Earnings History and Estimates for Agios Pharmaceuticals (NASDAQ:AGIO)

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