Brokerages Expect Assembly Biosciences (ASMB) Will Announce Quarterly Sales of $3.30 Million

Wall Street brokerages expect Assembly Biosciences (NASDAQ:ASMB) to post sales of $3.30 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Assembly Biosciences’ earnings. The lowest sales estimate is $3.00 million and the highest is $3.60 million. Assembly Biosciences reported sales of $2.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 39.8%. The firm is expected to report its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Assembly Biosciences will report full-year sales of $9.17 million for the current year, with estimates ranging from $3.60 million to $14.30 million. For the next year, analysts anticipate that the company will post sales of $28.90 million per share, with estimates ranging from $8.00 million to $63.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Assembly Biosciences.

Assembly Biosciences (NASDAQ:ASMB) last posted its quarterly earnings data on Monday, May 7th. The biopharmaceutical company reported ($0.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.11). Assembly Biosciences had a negative return on equity of 56.56% and a negative net margin of 379.22%. The business had revenue of $3.57 million for the quarter, compared to analyst estimates of $1.88 million.

A number of equities analysts have recently commented on ASMB shares. Zacks Investment Research downgraded shares of Assembly Biosciences from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Chardan Capital downgraded shares of Assembly Biosciences from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $50.00 in a research note on Friday, April 13th. BidaskClub downgraded shares of Assembly Biosciences from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 23rd. Jefferies Group raised their target price on shares of Assembly Biosciences to $75.00 and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, ValuEngine upgraded shares of Assembly Biosciences from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $60.50.

Shares of Assembly Biosciences stock traded up $0.15 during trading hours on Tuesday, reaching $42.26. 95,700 shares of the company’s stock were exchanged, compared to its average volume of 189,595. Assembly Biosciences has a fifty-two week low of $41.64 and a fifty-two week high of $42.94.

In related news, Director William R. Ringo sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $56.37, for a total value of $56,370.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $148,750 over the last quarter. 18.20% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Assembly Biosciences in the 1st quarter valued at about $154,000. Jane Street Group LLC bought a new position in Assembly Biosciences in the 1st quarter valued at about $204,000. Teacher Retirement System of Texas bought a new position in Assembly Biosciences in the 4th quarter valued at about $242,000. MetLife Investment Advisors LLC bought a new position in Assembly Biosciences in the 4th quarter valued at about $326,000. Finally, Virtus Fund Advisers LLC bought a new position in Assembly Biosciences in the 4th quarter valued at about $361,000. Institutional investors and hedge funds own 77.21% of the company’s stock.

Assembly Biosciences Company Profile

Assembly Biosciences, Inc operates as a clinical stage biotechnology company. It develops oral therapeutic candidates for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutic candidates to treat disorders associated with the microbiome in the United States.

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Earnings History and Estimates for Assembly Biosciences (NASDAQ:ASMB)

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