Zacks: Analysts Expect Galapagos NV (NASDAQ:GLPG) Will Post Quarterly Sales of $115.36 Million

Wall Street brokerages predict that Galapagos NV (NASDAQ:GLPG) will post sales of $115.36 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Galapagos’ earnings. The highest sales estimate is $172.72 million and the lowest is $58.00 million. The firm is expected to report its next earnings report on Thursday, March 24th.

According to Zacks, analysts expect that Galapagos will report full year sales of $549.41 million for the current financial year, with estimates ranging from $468.64 million to $597.59 million. For the next year, analysts anticipate that the firm will report sales of $542.03 million, with estimates ranging from $259.84 million to $687.53 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Galapagos.

Galapagos (NASDAQ:GLPG) last released its quarterly earnings data on Friday, November 5th. The biotechnology company reported ($1.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.50. Galapagos had a negative net margin of 36.28% and a negative return on equity of 7.81%. The business had revenue of $75.69 million during the quarter, compared to analyst estimates of $95.17 million.

Several equities research analysts have recently issued reports on GLPG shares. Deutsche Bank Aktiengesellschaft lowered shares of Galapagos from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Friday, August 6th. Royal Bank of Canada raised their target price on shares of Galapagos from $64.00 to $65.00 and gave the stock a “sector perform” rating in a report on Monday, November 8th. Zacks Investment Research lowered shares of Galapagos from a “buy” rating to a “hold” rating in a report on Tuesday, October 12th. UBS Group restated a “neutral” rating on shares of Galapagos in a report on Friday, August 27th. Finally, Barclays lowered shares of Galapagos from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $93.10.

A number of hedge funds and other institutional investors have recently bought and sold shares of GLPG. OLD Mission Capital LLC increased its position in Galapagos by 290.1% during the 3rd quarter. OLD Mission Capital LLC now owns 113,719 shares of the biotechnology company’s stock valued at $16,138,000 after purchasing an additional 84,569 shares during the period. Geode Capital Management LLC increased its position in Galapagos by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 4,820 shares of the biotechnology company’s stock valued at $371,000 after purchasing an additional 222 shares during the period. Bank of New York Mellon Corp grew its position in shares of Galapagos by 6.9% in the 1st quarter. Bank of New York Mellon Corp now owns 8,327 shares of the biotechnology company’s stock worth $642,000 after buying an additional 541 shares during the last quarter. HRT Financial LP purchased a new position in shares of Galapagos in the 1st quarter worth approximately $886,000. Finally, Royal Bank of Canada grew its position in shares of Galapagos by 10.3% in the 1st quarter. Royal Bank of Canada now owns 37,445 shares of the biotechnology company’s stock worth $2,887,000 after buying an additional 3,508 shares during the last quarter. 11.17% of the stock is currently owned by institutional investors and hedge funds.

GLPG stock traded up $1.16 during trading on Thursday, hitting $49.62. 131,250 shares of the company’s stock traded hands, compared to its average volume of 281,026. Galapagos has a 52 week low of $47.87 and a 52 week high of $129.03. The business has a fifty day simple moving average of $52.57 and a 200 day simple moving average of $61.44.

About Galapagos

Galapagos NV is a biotechnology company, which engages in the identification and development of small molecule and antibody therapies. It operates through the Research & Development and Fee-for-Services segment. The company was founded by Onno van de Stolpe, Rudi Pauwels, and Helmuth van Es on June 30, 1999 and is headquartered in Mechelen, Belgium.

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Earnings History and Estimates for Galapagos (NASDAQ:GLPG)

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