argenx SE – (NASDAQ:ARGX) Expected to Announce Quarterly Sales of $17.38 Million

Wall Street brokerages expect that argenx SE – (NASDAQ:ARGX) will post sales of $17.38 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for argenx’s earnings, with the highest sales estimate coming in at $23.49 million and the lowest estimate coming in at $9.72 million. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that argenx will report full year sales of $69.11 million for the current year, with estimates ranging from $22.31 million to $95.75 million. For the next financial year, analysts expect that the business will report sales of $115.14 million, with estimates ranging from $51.55 million to $190.24 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow argenx.

argenx (NASDAQ:ARGX) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($1.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.72) by ($0.15). The company had revenue of $21.15 million during the quarter, compared to analyst estimates of $18.08 million.

Several equities analysts recently weighed in on the stock. Credit Suisse Group raised their price objective on shares of argenx from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. Nomura Securities reaffirmed a “buy” rating and set a $255.00 price objective on shares of argenx in a research report on Wednesday, March 4th. ValuEngine raised shares of argenx from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $163.00 price objective on shares of argenx in a research report on Thursday, May 14th. Finally, Zacks Investment Research raised shares of argenx from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. argenx has a consensus rating of “Buy” and an average price target of $185.20.

Shares of argenx stock traded up $2.00 during trading on Monday, hitting $157.96. 93,838 shares of the stock traded hands, compared to its average volume of 124,959. The stock has a market cap of $6.67 billion, a P/E ratio of -33.40 and a beta of 1.05. The company has a fifty day moving average price of $145.35 and a two-hundred day moving average price of $146.66. argenx has a twelve month low of $103.75 and a twelve month high of $169.50.

A number of institutional investors have recently modified their holdings of the business. AJO LP acquired a new stake in argenx in the 4th quarter worth $29,000. IFP Advisors Inc acquired a new stake in argenx during the fourth quarter worth about $51,000. Fieldpoint Private Securities LLC bought a new position in argenx during the fourth quarter valued at about $63,000. US Bancorp DE acquired a new position in argenx in the 4th quarter valued at approximately $67,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of argenx by 53.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 495 shares of the company’s stock worth $79,000 after acquiring an additional 173 shares during the period. 56.23% of the stock is owned by hedge funds and other institutional investors.

argenx Company Profile

argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company's lead product candidates include ARGX-113 that completed Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis, immune thrombocytopenia, and pemphigus vulgaris; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

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Earnings History and Estimates for argenx (NASDAQ:ARGX)

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