-$0.47 Earnings Per Share Expected for AnaptysBio, Inc. (ANAB) This Quarter

Brokerages predict that AnaptysBio, Inc. (NASDAQ:ANAB) will report ($0.47) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for AnaptysBio’s earnings. The highest EPS estimate is ($0.47) and the lowest is ($0.48). The firm is scheduled to issue its next quarterly earnings report on Thursday, August 10th.

Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover AnaptysBio.

AnaptysBio (NASDAQ:ANAB) last posted its quarterly earnings results on Thursday, May 11th. The biotechnology company reported ($0.75) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.57.

Several research firms recently issued reports on ANAB. Stifel Nicolaus began coverage on shares of AnaptysBio in a report on Tuesday, February 21st. They issued a “buy” rating and a $30.00 target price on the stock. JMP Securities restated an “outperform” rating and issued a $45.00 target price on shares of AnaptysBio in a report on Friday, March 31st. Credit Suisse Group restated an “outperform” rating and issued a $34.00 target price on shares of AnaptysBio in a report on Tuesday, April 18th. Wedbush restated an “outperform” rating and issued a $28.00 target price on shares of AnaptysBio in a report on Monday, March 6th. Finally, Zacks Investment Research lowered shares of AnaptysBio from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $35.50.

Shares of AnaptysBio (NASDAQ ANAB) traded up 1.37% during mid-day trading on Tuesday, reaching $23.72. The company had a trading volume of 100,985 shares. AnaptysBio has a one year low of $15.17 and a one year high of $29.96. The firm’s market capitalization is $480.78 million. The stock has a 50 day moving average of $25.17 and a 200-day moving average of $24.37.

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Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of AnaptysBio during the first quarter valued at $123,000. Teachers Advisors LLC bought a new position in shares of AnaptysBio during the first quarter valued at $214,000. TIAA CREF Investment Management LLC bought a new position in shares of AnaptysBio during the first quarter valued at $227,000. Endurant Capital Management LP bought a new position in shares of AnaptysBio during the first quarter valued at $258,000. Finally, Morgan Stanley bought a new position in shares of AnaptysBio during the first quarter valued at $310,000. Hedge funds and other institutional investors own 72.59% of the company’s stock.

AnaptysBio Company Profile

AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.

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