-$0.35 Earnings Per Share Expected for Nektar Therapeutics (NKTR) This Quarter

Brokerages expect Nektar Therapeutics (NASDAQ:NKTR) to report ($0.35) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Nektar Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.30) and the lowest estimate coming in at ($0.40). Nektar Therapeutics reported earnings of ($0.28) per share during the same quarter last year, which indicates a negative year over year growth rate of 25%. The business is scheduled to report its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Nektar Therapeutics will report full-year earnings of ($0.75) per share for the current fiscal year, with EPS estimates ranging from ($0.81) to ($0.71). For the next fiscal year, analysts forecast that the business will report earnings of ($1.21) per share, with EPS estimates ranging from ($1.58) to ($0.57). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Nektar Therapeutics.

Nektar Therapeutics (NASDAQ:NKTR) last announced its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $152.90 million for the quarter, compared to the consensus estimate of $126.50 million. Nektar Therapeutics had a negative net margin of 42.08% and a negative return on equity of 190.68%. The business’s quarterly revenue was up 321.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) EPS.

A number of brokerages have recently issued reports on NKTR. BidaskClub raised shares of Nektar Therapeutics from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Jefferies Group reaffirmed a “buy” rating and set a $23.00 price target on shares of Nektar Therapeutics in a report on Friday, August 18th. Mizuho reaffirmed a “buy” rating and set a $45.00 price target (up previously from $30.00) on shares of Nektar Therapeutics in a report on Wednesday, November 8th. HC Wainwright began coverage on shares of Nektar Therapeutics in a report on Monday, August 7th. They set a “buy” rating and a $31.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Nektar Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.58.

In other Nektar Therapeutics news, SVP Ivan P. Gergel sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $24.14, for a total transaction of $2,414,000.00. Following the sale, the senior vice president now owns 84,871 shares in the company, valued at approximately $2,048,785.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Stephen K. Doberstein sold 43,677 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $24.97, for a total transaction of $1,090,614.69. The disclosure for this sale can be found here. In the last three months, insiders sold 941,427 shares of company stock worth $24,663,626. 6.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP bought a new stake in Nektar Therapeutics during the 3rd quarter worth approximately $23,924,000. GSA Capital Partners LLP bought a new stake in Nektar Therapeutics during the 3rd quarter worth approximately $1,454,000. Neuberger Berman Group LLC bought a new stake in Nektar Therapeutics during the 3rd quarter worth approximately $5,398,000. California Public Employees Retirement System raised its stake in Nektar Therapeutics by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 195,200 shares of the biopharmaceutical company’s stock worth $4,685,000 after acquiring an additional 4,300 shares during the period. Finally, Granahan Investment Management Inc. MA raised its stake in Nektar Therapeutics by 5.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 483,800 shares of the biopharmaceutical company’s stock worth $11,611,000 after acquiring an additional 24,599 shares during the period. Institutional investors own 96.00% of the company’s stock.

Shares of Nektar Therapeutics (NKTR) opened at $53.34 on Monday. The company has a current ratio of 4.14, a quick ratio of 3.99 and a debt-to-equity ratio of 2.91. Nektar Therapeutics has a 1-year low of $11.41 and a 1-year high of $55.42.

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About Nektar Therapeutics

Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.

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Earnings History and Estimates for Nektar Therapeutics (NASDAQ:NKTR)

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