Zacks: Analysts Expect Oxford Immunotec Global PLC (OXFD) Will Announce Earnings of -$0.34 Per Share

Analysts predict that Oxford Immunotec Global PLC (NASDAQ:OXFD) will post ($0.34) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Oxford Immunotec Global PLC’s earnings. The lowest EPS estimate is ($0.43) and the highest is ($0.23). Oxford Immunotec Global PLC reported earnings per share of ($0.22) in the same quarter last year, which suggests a negative year-over-year growth rate of 54.5%. The business is expected to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Oxford Immunotec Global PLC will report full-year earnings of ($2.11) per share for the current financial year, with EPS estimates ranging from ($2.22) to ($2.00). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.96) per share, with EPS estimates ranging from ($1.07) to ($0.75). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Oxford Immunotec Global PLC.

OXFD has been the subject of several research reports. Zacks Investment Research lowered Oxford Immunotec Global PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. BTIG Research set a $21.00 price target on Oxford Immunotec Global PLC and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Cowen and Company reaffirmed a “buy” rating and issued a $19.00 price target on shares of Oxford Immunotec Global PLC in a research note on Thursday, September 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of Oxford Immunotec Global PLC in a research note on Wednesday, November 1st. Finally, ValuEngine downgraded Oxford Immunotec Global PLC from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.75.

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Oxford Immunotec Global PLC (NASDAQ OXFD) opened at $12.94 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.30 and a current ratio of 4.72. Oxford Immunotec Global PLC has a 52-week low of $12.19 and a 52-week high of $19.51.

In other Oxford Immunotec Global PLC news, Director Richard A. Sandberg sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $13.35, for a total value of $40,050.00. Following the transaction, the director now directly owns 17,778 shares of the company’s stock, valued at $237,336.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter Edwardson sold 9,739 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $16.14, for a total value of $157,187.46. Following the completion of the transaction, the chief operating officer now directly owns 92,905 shares in the company, valued at $1,499,486.70. The disclosure for this sale can be found here. Insiders sold 70,739 shares of company stock worth $1,167,597 over the last three months. Insiders own 8.11% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Parkwood LLC lifted its position in shares of Oxford Immunotec Global PLC by 12.9% during the 2nd quarter. Parkwood LLC now owns 12,799 shares of the company’s stock valued at $215,000 after buying an additional 1,465 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Oxford Immunotec Global PLC by 16.0% during the 2nd quarter. Voya Investment Management LLC now owns 13,345 shares of the company’s stock valued at $224,000 after buying an additional 1,845 shares in the last quarter. American International Group Inc. raised its stake in Oxford Immunotec Global PLC by 7.1% during the 1st quarter. American International Group Inc. now owns 13,668 shares of the company’s stock valued at $212,000 after purchasing an additional 904 shares during the period. Alliancebernstein L.P. bought a new stake in Oxford Immunotec Global PLC during the 2nd quarter valued at approximately $247,000. Finally, Asymmetry Capital Management L.P. bought a new stake in Oxford Immunotec Global PLC during the 2nd quarter valued at approximately $273,000. 78.77% of the stock is currently owned by hedge funds and other institutional investors.

About Oxford Immunotec Global PLC

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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