Brokerages Anticipate Oxford Immunotec Global PLC (OXFD) to Announce -$0.25 EPS

Wall Street analysts expect Oxford Immunotec Global PLC (NASDAQ:OXFD) to report ($0.25) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Oxford Immunotec Global PLC’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.29). Oxford Immunotec Global PLC posted earnings per share of ($0.18) in the same quarter last year, which indicates a negative year-over-year growth rate of 38.9%. The business is expected to report its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Oxford Immunotec Global PLC will report full year earnings of ($1.56) per share for the current financial year, with EPS estimates ranging from ($1.67) to ($1.45). For the next financial year, analysts forecast that the business will report earnings of ($0.90) per share, with EPS estimates ranging from ($1.07) to ($0.70). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Oxford Immunotec Global PLC.

Oxford Immunotec Global PLC (NASDAQ:OXFD) last issued its earnings results on Tuesday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). Oxford Immunotec Global PLC had a negative return on equity of 35.76% and a negative net margin of 34.58%. The firm had revenue of $26.10 million for the quarter, compared to analysts’ expectations of $25.05 million. During the same period in the previous year, the firm posted ($0.29) earnings per share. The business’s revenue was up 35.9% compared to the same quarter last year.

OXFD has been the topic of a number of research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 price target on shares of Oxford Immunotec Global PLC in a research note on Thursday, August 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $22.00 price target on shares of Oxford Immunotec Global PLC in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Oxford Immunotec Global PLC from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, BTIG Research initiated coverage on shares of Oxford Immunotec Global PLC in a research note on Thursday, September 28th. They issued a “buy” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Oxford Immunotec Global PLC currently has an average rating of “Hold” and an average price target of $22.00.

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In other Oxford Immunotec Global PLC news, COO Peter Edwardson sold 22,371 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $17.70, for a total value of $395,966.70. Following the completion of the sale, the chief operating officer now owns 102,644 shares in the company, valued at approximately $1,816,798.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter Wrighton-Smith sold 55,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $16.78, for a total transaction of $922,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,110 shares of company stock valued at $1,523,514. 8.11% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in OXFD. Endurant Capital Management LP raised its holdings in Oxford Immunotec Global PLC by 3,456.1% in the 1st quarter. Endurant Capital Management LP now owns 570,971 shares of the company’s stock valued at $8,844,000 after acquiring an additional 554,915 shares during the last quarter. Redmile Group LLC raised its holdings in Oxford Immunotec Global PLC by 17.9% in the 1st quarter. Redmile Group LLC now owns 2,004,849 shares of the company’s stock valued at $31,055,000 after acquiring an additional 303,800 shares during the last quarter. Granahan Investment Management Inc. MA acquired a new stake in Oxford Immunotec Global PLC in the 1st quarter valued at about $4,577,000. Renaissance Technologies LLC raised its holdings in Oxford Immunotec Global PLC by 97.8% in the 1st quarter. Renaissance Technologies LLC now owns 363,300 shares of the company’s stock valued at $5,628,000 after acquiring an additional 179,600 shares during the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in Oxford Immunotec Global PLC by 34.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 423,831 shares of the company’s stock valued at $7,129,000 after acquiring an additional 108,154 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

Shares of Oxford Immunotec Global PLC (NASDAQ:OXFD) traded down 0.72% during midday trading on Wednesday, hitting $16.65. The stock had a trading volume of 56,450 shares. Oxford Immunotec Global PLC has a 52-week low of $11.88 and a 52-week high of $19.51. The firm has a 50 day moving average price of $15.83 and a 200-day moving average price of $15.64. The stock’s market cap is $384.22 million.

Oxford Immunotec Global PLC Company Profile

Oxford Immunotec Global PLC is a diagnostics company. The Company is focused on developing and commercializing tests for under-served immune-regulated conditions. The Company’s product lines and development activities principally focus on four areas: infectious diseases, transplantation, autoimmune and inflammatory disease and immune-oncology.

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