Brokerages Anticipate Assembly Biosciences Inc (NASDAQ:ASMB) to Post -$0.55 Earnings Per Share

Wall Street brokerages expect Assembly Biosciences Inc (NASDAQ:ASMB) to report earnings of ($0.55) per share for the current quarter, according to Zacks. Four analysts have made estimates for Assembly Biosciences’ earnings, with the lowest EPS estimate coming in at ($0.84) and the highest estimate coming in at $0.17. Assembly Biosciences reported earnings per share of ($0.72) in the same quarter last year, which would suggest a positive year over year growth rate of 23.6%. The firm is expected to issue its next quarterly earnings results on Monday, August 3rd.

On average, analysts expect that Assembly Biosciences will report full year earnings of ($3.13) per share for the current fiscal year, with EPS estimates ranging from ($3.58) to ($2.32). For the next financial year, analysts expect that the company will post earnings of ($4.03) per share, with EPS estimates ranging from ($5.76) to ($3.22). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Assembly Biosciences.

Assembly Biosciences (NASDAQ:ASMB) last announced its earnings results on Thursday, May 7th. The biopharmaceutical company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($0.98) by $0.22. Assembly Biosciences had a negative return on equity of 45.43% and a negative net margin of 601.75%. The business had revenue of $4.08 million for the quarter, compared to the consensus estimate of $3.82 million.

Several equities research analysts have issued reports on ASMB shares. ValuEngine upgraded Assembly Biosciences from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. William Blair reiterated a “buy” rating on shares of Assembly Biosciences in a report on Thursday. BidaskClub upgraded Assembly Biosciences from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research downgraded Assembly Biosciences from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Mizuho reiterated a “buy” rating and issued a $30.00 price target on shares of Assembly Biosciences in a report on Friday, May 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.75.

In related news, EVP Richard James Colonno sold 7,812 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $15.04, for a total transaction of $117,492.48. Following the completion of the transaction, the executive vice president now owns 144,821 shares in the company, valued at approximately $2,178,107.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.42% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. EcoR1 Capital LLC boosted its position in Assembly Biosciences by 301.5% during the 4th quarter. EcoR1 Capital LLC now owns 2,388,268 shares of the biopharmaceutical company’s stock valued at $48,864,000 after purchasing an additional 1,793,368 shares during the period. Jennison Associates LLC boosted its position in Assembly Biosciences by 0.3% during the 4th quarter. Jennison Associates LLC now owns 2,346,510 shares of the biopharmaceutical company’s stock worth $48,010,000 after acquiring an additional 6,132 shares during the period. BlackRock Inc. boosted its position in Assembly Biosciences by 15.6% during the 1st quarter. BlackRock Inc. now owns 2,297,866 shares of the biopharmaceutical company’s stock worth $34,079,000 after acquiring an additional 310,648 shares during the period. Victory Capital Management Inc. boosted its position in Assembly Biosciences by 30,224.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,325,460 shares of the biopharmaceutical company’s stock worth $27,119,000 after acquiring an additional 1,321,089 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Assembly Biosciences during the 4th quarter worth $14,829,000. Institutional investors and hedge funds own 88.34% of the company’s stock.

ASMB stock traded up $0.65 during midday trading on Friday, hitting $23.81. 166,900 shares of the company’s stock were exchanged, compared to its average volume of 261,602. The company has a current ratio of 12.14, a quick ratio of 12.14 and a debt-to-equity ratio of 0.03. Assembly Biosciences has a 12-month low of $8.13 and a 12-month high of $25.07. The firm has a 50 day moving average price of $20.86 and a 200-day moving average price of $18.82. The stock has a market capitalization of $757.85 million, a price-to-earnings ratio of -6.94 and a beta of 1.26.

Assembly Biosciences Company Profile

Assembly Biosciences, Inc operates as a clinical-stage biotechnology company in the United States. The company develops oral therapeutic candidates for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutic candidates to treat disorders associated with the microbiome.

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Earnings History and Estimates for Assembly Biosciences (NASDAQ:ASMB)

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