Zacks: Analysts Anticipate Replimune Group, Inc. (NASDAQ:REPL) to Announce -$0.60 Earnings Per Share

Equities research analysts forecast that Replimune Group, Inc. (NASDAQ:REPL – Get Rating) will announce ($0.60) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Replimune Group’s earnings, with the highest EPS estimate coming in at ($0.57) and the lowest estimate coming in at ($0.65). Replimune Group posted earnings of ($0.41) per share in the same quarter last year, which would indicate a negative year over year growth rate of 46.3%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Replimune Group will report full-year earnings of ($2.26) per share for the current financial year, with EPS estimates ranging from ($2.30) to ($2.23). For the next year, analysts anticipate that the company will post earnings of ($2.70) per share, with EPS estimates ranging from ($2.93) to ($2.31). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Replimune Group.

Replimune Group (NASDAQ:REPL – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The company reported ($0.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.01.

REPL has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price objective on Replimune Group from $51.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 18th. JPMorgan Chase & Co. dropped their price target on Replimune Group from $47.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Zacks Investment Research raised Replimune Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Finally, HC Wainwright reissued a “buy” rating and set a $60.00 price target on shares of Replimune Group in a research note on Tuesday, January 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Replimune Group has a consensus rating of “Buy” and a consensus price target of $48.33.

In other news, major shareholder Fund Iv L.P. Omega sold 16,500 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $15.42, for a total value of $254,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 40.30% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Replimune Group by 3.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 15,945 shares of the company’s stock valued at $473,000 after purchasing an additional 470 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Replimune Group by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 33,843 shares of the company’s stock valued at $917,000 after purchasing an additional 586 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Replimune Group by 5.6% in the 3rd quarter. Voya Investment Management LLC now owns 11,071 shares of the company’s stock valued at $328,000 after purchasing an additional 587 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Replimune Group by 2.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 31,729 shares of the company’s stock worth $539,000 after buying an additional 646 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Replimune Group by 15.8% in the third quarter. Royal Bank of Canada now owns 4,804 shares of the company’s stock worth $143,000 after buying an additional 657 shares during the period. 75.42% of the stock is owned by institutional investors and hedge funds.

NASDAQ REPL opened at $16.89 on Monday. The firm has a market cap of $797.38 million, a price-to-earnings ratio of -8.16 and a beta of 2.29. The company has a quick ratio of 23.39, a current ratio of 23.39 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $17.07 and a 200-day moving average price of $22.84. Replimune Group has a twelve month low of $14.98 and a twelve month high of $40.22.

Replimune Group Company Profile (Get Rating)

Replimune Group, Inc, a biotechnology company, develops oncolytic immuno-gene therapies to treat cancer. It uses its proprietary Immulytic platform to design and develop product candidates that are intended to activate the immune system against cancer. The company's lead product candidate is RP1, a selectively replicating version of herpes simplex virus 1, which is in Phase I/II clinical trials for a range of solid tumors; and that is in Phase II clinical trials for patients with cutaneous squamous cell carcinoma.

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