Biogen Inc. (NASDAQ:BIIB – Get Rating) – Equities research analysts at Wedbush lifted their Q2 2022 EPS estimates for shares of Biogen in a report issued on Thursday, April 28th. Wedbush analyst L. Chico now forecasts that the biotechnology company will post earnings per share of $3.97 for the quarter, up from their prior forecast of $3.85. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Biogen’s Q3 2022 earnings at $3.52 EPS, Q4 2022 earnings at $3.90 EPS, Q1 2023 earnings at $3.63 EPS, Q2 2023 earnings at $3.73 EPS, Q3 2023 earnings at $3.89 EPS, Q4 2023 earnings at $4.50 EPS, FY2023 earnings at $15.75 EPS, FY2024 earnings at $16.81 EPS, FY2025 earnings at $16.49 EPS and FY2026 earnings at $16.00 EPS.
Biogen (NASDAQ:BIIB – Get Rating) last posted its earnings results on Thursday, February 3rd. The biotechnology company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.07. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.62 billion. Biogen had a net margin of 14.17% and a return on equity of 26.30%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $4.58 earnings per share.
Shares of NASDAQ:BIIB opened at $210.41 on Friday. The company has a 50 day moving average of $209.19 and a 200 day moving average of $231.55. The stock has a market cap of $30.92 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.36 and a beta of 0.44. Biogen has a 12 month low of $192.67 and a 12 month high of $468.55. The company has a current ratio of 1.83, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.
Institutional investors have recently added to or reduced their stakes in the stock. Avondale Wealth Management acquired a new stake in shares of Biogen during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Biogen during the fourth quarter worth about $27,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Biogen during the fourth quarter worth about $27,000. Amplius Wealth Advisors LLC acquired a new stake in shares of Biogen during the fourth quarter worth about $28,000. Finally, Evolution Wealth Advisors LLC lifted its holdings in shares of Biogen by 96.7% during the third quarter. Evolution Wealth Advisors LLC now owns 120 shares of the biotechnology company’s stock worth $34,000 after purchasing an additional 59 shares during the period. 82.10% of the stock is owned by hedge funds and other institutional investors.
About Biogen (Get Rating)
Biogen Inc discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases. The company offers TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; and FUMADERM to treat plaque psoriasis.
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