Pfenex (NYSEAMERICAN:PFNX) Announces Earnings Results, Hits Estimates

Pfenex (NYSEAMERICAN:PFNX) released its earnings results on Thursday. The biotechnology company reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09, Fidelity Earnings reports. The company had revenue of $15.25 million during the quarter, compared to analysts’ expectations of $14.80 million.

Shares of NYSEAMERICAN PFNX opened at $10.67 on Friday. Pfenex has a 1 year low of $3.13 and a 1 year high of $11.39.

In other Pfenex news, insider Patrick K. Lucy sold 6,000 shares of Pfenex stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $10.01, for a total transaction of $60,060.00.

A number of research analysts recently issued reports on PFNX shares. JMP Securities lifted their target price on Pfenex from $13.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. William Blair reiterated a “buy” rating on shares of Pfenex in a report on Friday, October 11th. Zacks Investment Research lowered Pfenex from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Cantor Fitzgerald began coverage on Pfenex in a report on Thursday, October 24th. They set an “overweight” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Pfenex presently has an average rating of “Buy” and an average price target of $14.92.

Pfenex Company Profile

Pfenex Inc, a clinical-stage development and licensing biotechnology company, focuses on developing protein therapies for unmet patient needs. Its lead product candidates include PF708, a therapeutic equivalent drug candidate to Forteo (teriparatide) for the treatment of osteoporosis; and novel anthrax vaccine candidates, such as Px563L and RPA563 that have completed Phase Ia clinical study.

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Earnings History for Pfenex (NYSEAMERICAN:PFNX)

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