Brokerages expect that Spark Therapeutics, Inc. (NASDAQ:ONCE) will announce ($1.93) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Spark Therapeutics’ earnings. The highest EPS estimate is ($1.75) and the lowest is ($2.05). Spark Therapeutics posted earnings per share of ($1.07) in the same quarter last year, which would indicate a negative year over year growth rate of 80.4%. The company is expected to report its next earnings report on Thursday, November 2nd.
On average, analysts expect that Spark Therapeutics will report full year earnings of ($7.65) per share for the current fiscal year, with EPS estimates ranging from ($8.08) to ($6.97). For the next fiscal year, analysts anticipate that the company will post earnings of ($5.16) per share, with EPS estimates ranging from ($7.92) to ($3.01). Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Spark Therapeutics.
Spark Therapeutics (NASDAQ:ONCE) last announced its quarterly earnings results on Wednesday, August 2nd. The biotechnology company reported ($1.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.75) by ($0.14). The business had revenue of $1.48 million for the quarter, compared to the consensus estimate of $1.33 million. Spark Therapeutics had a negative net margin of 962.72% and a negative return on equity of 59.74%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.04) earnings per share.
ONCE has been the subject of a number of recent analyst reports. William Blair initiated coverage on Spark Therapeutics in a research report on Wednesday, June 28th. They issued an “outperform” rating for the company. Zacks Investment Research cut Spark Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub raised Spark Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $85.00 price objective on shares of Spark Therapeutics in a research report on Monday, July 24th. Finally, ValuEngine cut Spark Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, May 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $83.77.
In other Spark Therapeutics news, Director Anand Mehra sold 211,858 shares of Spark Therapeutics stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $70.15, for a total transaction of $14,861,838.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine A. High sold 10,000 shares of Spark Therapeutics stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the transaction, the insider now owns 220,000 shares of the company’s stock, valued at approximately $13,200,000. The disclosure for this sale can be found here. Insiders have sold a total of 374,160 shares of company stock valued at $26,723,411 in the last quarter. Company insiders own 7.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in ONCE. Ameritas Investment Partners Inc. increased its stake in shares of Spark Therapeutics by 23.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,040 shares of the biotechnology company’s stock valued at $122,000 after purchasing an additional 389 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Spark Therapeutics in the 2nd quarter valued at about $143,000. BNP Paribas Arbitrage SA increased its stake in shares of Spark Therapeutics by 530.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,911 shares of the biotechnology company’s stock valued at $174,000 after purchasing an additional 2,449 shares in the last quarter. Pacad Investment Ltd. increased its stake in shares of Spark Therapeutics by 75.0% in the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the biotechnology company’s stock valued at $209,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Spark Therapeutics in the 1st quarter valued at about $227,000. Hedge funds and other institutional investors own 91.01% of the company’s stock.
Shares of Spark Therapeutics (ONCE) traded down 1.35% on Tuesday, hitting $81.95. The stock had a trading volume of 220,851 shares. The company’s 50 day moving average price is $77.32 and its 200-day moving average price is $62.21. Spark Therapeutics has a 12 month low of $35.07 and a 12 month high of $86.86. The company’s market cap is $2.56 billion.
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Spark Therapeutics Company Profile
Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.
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