-$0.25 EPS Expected for Fate Therapeutics Inc (FATE) This Quarter

Wall Street brokerages predict that Fate Therapeutics Inc (NASDAQ:FATE) will announce ($0.25) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fate Therapeutics’ earnings, with estimates ranging from ($0.27) to ($0.21). Fate Therapeutics reported earnings of ($0.21) per share in the same quarter last year, which indicates a negative year over year growth rate of 19%. The company is scheduled to report its next quarterly earnings report on Thursday, March 15th.

According to Zacks, analysts expect that Fate Therapeutics will report full year earnings of ($0.98) per share for the current year, with EPS estimates ranging from ($1.00) to ($0.94). For the next year, analysts expect that the company will report earnings of ($0.87) per share, with EPS estimates ranging from ($1.01) to ($0.72). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Fate Therapeutics.

Fate Therapeutics (NASDAQ:FATE) last posted its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). Fate Therapeutics had a negative return on equity of 64.55% and a negative net margin of 935.09%. The firm had revenue of $1.03 million for the quarter, compared to analysts’ expectations of $0.95 million. The company’s quarterly revenue was up .0% on a year-over-year basis.

FATE has been the subject of several research reports. ValuEngine upgraded Fate Therapeutics from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Raymond James Financial reiterated a “buy” rating on shares of Fate Therapeutics in a research note on Tuesday, December 12th. BMO Capital Markets reiterated a “buy” rating and set a $7.00 price objective on shares of Fate Therapeutics in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Fate Therapeutics from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research note on Tuesday. Finally, Piper Jaffray Companies initiated coverage on Fate Therapeutics in a research note on Monday, December 18th. They set an “overweight” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $7.64.

In other news, General Counsel Cindy Tahl sold 8,091 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $3.85, for a total value of $31,150.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel D. Shoemaker sold 13,225 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $3.87, for a total value of $51,180.75. The disclosure for this sale can be found here. 10.88% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Hochman Cole Investment Advisors Inc. purchased a new stake in shares of Fate Therapeutics in the third quarter valued at approximately $158,000. New York State Common Retirement Fund purchased a new stake in shares of Fate Therapeutics in the second quarter valued at approximately $131,000. Rhumbline Advisers acquired a new position in Fate Therapeutics in the second quarter valued at approximately $133,000. Russell Investments Group Ltd. acquired a new position in Fate Therapeutics in the third quarter valued at approximately $234,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Fate Therapeutics in the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 49.85% of the company’s stock.

Fate Therapeutics (NASDAQ:FATE) traded up $0.21 during trading hours on Tuesday, reaching $7.01. The company’s stock had a trading volume of 427,494 shares, compared to its average volume of 560,800. Fate Therapeutics has a 52 week low of $2.52 and a 52 week high of $7.25. The company has a current ratio of 7.21, a quick ratio of 7.21 and a debt-to-equity ratio of 0.32. The stock has a market cap of $354.33, a price-to-earnings ratio of -7.38 and a beta of 1.52.

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Fate Therapeutics Company Profile

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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Earnings History and Estimates for Fate Therapeutics (NASDAQ:FATE)

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