Emergent BioSolutions (NYSE:EBS – Get Rating) final launched its quarterly earnings outcomes on Tuesday, November eighth. The biopharmaceutical firm reported ($1.27) EPS for the quarter, lacking the consensus estimate of ($0.06) by ($1.21). Emergent BioSolutions had a return on fairness of 9.52% and a internet margin of three.54%. The enterprise had income of $240.00 million throughout the quarter, in comparison with analyst estimates of $268.17 million. On common, analysts anticipate Emergent BioSolutions to publish $-3 EPS for the present fiscal 12 months and $0 EPS for the following fiscal 12 months.
Emergent BioSolutions Buying and selling Up 9.8 %
NYSE:EBS opened at $13.56 on Friday. The corporate has a debt-to-equity ratio of 0.71, a fast ratio of two.13 and a present ratio of 4.17. Emergent BioSolutions has a one 12 months low of $10.61 and a one 12 months excessive of $52.28. The enterprise’s 50-day easy transferring common is $13.23 and its 200 day easy transferring common is $21.79. The inventory has a market cap of $676.51 million, a price-to-earnings ratio of 17.38 and a beta of 0.89.
Institutional Buying and selling of Emergent BioSolutions
Institutional traders and hedge funds have not too long ago purchased and bought shares of the corporate. Lecturers Retirement System of The State of Kentucky purchased a brand new place in shares of Emergent BioSolutions throughout the third quarter valued at roughly $263,000. Balyasny Asset Administration LLC purchased a brand new place in Emergent BioSolutions within the third quarter value roughly $11,478,000. BNP Paribas Arbitrage SNC grew its holdings in Emergent BioSolutions by 41.2% within the third quarter. BNP Paribas Arbitrage SNC now owns 101,847 shares of the biopharmaceutical firm’s inventory value $2,138,000 after shopping for an extra 29,733 shares within the final quarter. Neuberger Berman Group LLC grew its holdings in Emergent BioSolutions by 5.6% within the third quarter. Neuberger Berman Group LLC now owns 686,449 shares of the biopharmaceutical firm’s inventory value $14,401,000 after shopping for an extra 36,348 shares within the final quarter. Lastly, Alliancebernstein L.P. grew its holdings in Emergent BioSolutions by 50.5% within the third quarter. Alliancebernstein L.P. now owns 148,954 shares of the biopharmaceutical firm’s inventory value $3,127,000 after shopping for an extra 50,008 shares within the final quarter. Institutional traders and hedge funds personal 80.44% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of analysis companies not too long ago commented on EBS. Chardan Capital lower their value goal on Emergent BioSolutions from $65.00 to $55.00 and set a “purchase” ranking on the inventory in a analysis be aware on Wednesday, November ninth. StockNews.com lower Emergent BioSolutions from a “maintain” ranking to a “promote” ranking in a analysis be aware on Monday, November 14th. Cowen lower their value goal on Emergent BioSolutions to $25.00 in a analysis be aware on Tuesday, November fifteenth. Cowen lower their value goal on Emergent BioSolutions from $30.00 to $29.00 and set a “market carry out” ranking on the inventory in a analysis be aware on Monday, September twelfth. Lastly, Benchmark lower Emergent BioSolutions from a “purchase” ranking to a “maintain” ranking in a analysis be aware on Thursday, November tenth. One analyst has rated the inventory with a promote ranking, 5 have assigned a maintain ranking and one has assigned a purchase ranking to the corporate. Primarily based on information from MarketBeat.com, Emergent BioSolutions has a consensus ranking of “Maintain” and a consensus goal value of $46.50.
Emergent BioSolutions Firm Profile
Emergent BioSolutions Inc, a life sciences firm, focuses on the supply of preparedness and response options that handle unintended, deliberate, and naturally occurring public well being threats (PHTs) in the US. The corporate’s merchandise handle PHTs, which embrace chemical, organic, radiological, nuclear, and explosives; rising infectious ailments; journey well being; and rising well being crises and acute/emergency care.
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