INSYS Therapeutics, Inc. (INSY) Expected to Announce Earnings of -$0.15 Per Share

Brokerages expect that INSYS Therapeutics, Inc. (NASDAQ:INSY) will post earnings per share of ($0.15) for the current quarter, according to Zacks. Three analysts have made estimates for INSYS Therapeutics’ earnings, with estimates ranging from ($0.24) to ($0.10). INSYS Therapeutics posted earnings of $0.03 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 600%. The firm is scheduled to announce its next earnings results on Monday, April 2nd.

On average, analysts expect that INSYS Therapeutics will report full year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.32). For the next fiscal year, analysts expect that the company will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.73) to ($0.27). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow INSYS Therapeutics.

Several equities analysts have recently issued reports on INSY shares. Zacks Investment Research upgraded INSYS Therapeutics from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Tuesday, October 24th. Royal Bank Of Canada set a $8.00 price objective on INSYS Therapeutics and gave the company a “buy” rating in a report on Friday, October 27th. Jefferies Group LLC cut their target price on INSYS Therapeutics from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. TheStreet cut INSYS Therapeutics from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of INSYS Therapeutics in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. INSYS Therapeutics currently has an average rating of “Hold” and a consensus target price of $9.38.

Several hedge funds have recently bought and sold shares of INSY. Alliancebernstein L.P. increased its holdings in shares of INSYS Therapeutics by 128.6% during the 2nd quarter. Alliancebernstein L.P. now owns 140,840 shares of the specialty pharmaceutical company’s stock worth $1,782,000 after acquiring an additional 79,220 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of INSYS Therapeutics during the 2nd quarter worth approximately $879,000. Schneider Capital Management Corp increased its holdings in shares of INSYS Therapeutics by 100.0% during the 2nd quarter. Schneider Capital Management Corp now owns 119,973 shares of the specialty pharmaceutical company’s stock worth $1,518,000 after acquiring an additional 60,000 shares during the last quarter. Strs Ohio increased its holdings in shares of INSYS Therapeutics by 40.0% during the 2nd quarter. Strs Ohio now owns 175,000 shares of the specialty pharmaceutical company’s stock worth $2,213,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in INSYS Therapeutics in the 2nd quarter valued at $612,000. 25.42% of the stock is currently owned by institutional investors and hedge funds.

INSYS Therapeutics (NASDAQ INSY) opened at $5.21 on Friday. INSYS Therapeutics has a twelve month low of $4.10 and a twelve month high of $15.06.

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INSYS Therapeutics Company Profile

Insys Therapeutics, Inc is a commercial-stage specialty pharmaceutical company. The Company develops and commercializes supportive care products. The Company’s product Subsys, is a sublingual fentanyl spray for breakthrough cancer pain (BTCP) in opioid-tolerant patients and a single-use product that delivers fentanyl, an opioid analgesic, for transmucosal absorption underneath the tongue.

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