Voyager Therapeutics (VYGR) Expected to Announce Earnings of -$0.57 Per Share

Wall Street brokerages forecast that Voyager Therapeutics (NASDAQ:VYGR) will post earnings of ($0.57) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Voyager Therapeutics’ earnings, with the lowest EPS estimate coming in at ($0.77) and the highest estimate coming in at ($0.44). Voyager Therapeutics reported earnings of ($0.65) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The firm is expected to report its next earnings results on Tuesday, May 8th.

On average, analysts expect that Voyager Therapeutics will report full-year earnings of ($2.54) per share for the current year, with EPS estimates ranging from ($3.36) to ($1.20). For the next year, analysts anticipate that the company will post earnings of ($3.28) per share, with EPS estimates ranging from ($4.70) to ($2.61). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Voyager Therapeutics.

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Voyager Therapeutics (NASDAQ:VYGR) last issued its quarterly earnings data on Wednesday, March 14th. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.32. Voyager Therapeutics had a negative return on equity of 63.18% and a negative net margin of 697.03%. The business had revenue of $6.35 million for the quarter, compared to analysts’ expectations of $5.81 million.

Several equities analysts have weighed in on the company. ValuEngine upgraded Voyager Therapeutics from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Canaccord Genuity restated a “buy” rating and set a $26.00 price objective on shares of Voyager Therapeutics in a research note on Tuesday, January 23rd. BidaskClub cut Voyager Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research cut Voyager Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley began coverage on Voyager Therapeutics in a research note on Friday, February 2nd. They set an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $29.73.

In other news, CFO Jane Henderson sold 11,200 shares of Voyager Therapeutics stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $20.52, for a total transaction of $229,824.00. Following the sale, the chief financial officer now directly owns 19,900 shares in the company, valued at approximately $408,348. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bernard Ravina sold 2,451 shares of Voyager Therapeutics stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $18.38, for a total value of $45,049.38. The disclosure for this sale can be found here. Insiders have sold a total of 66,908 shares of company stock worth $1,574,258 over the last quarter. Company insiders own 8.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in Voyager Therapeutics by 312.8% in the 3rd quarter. Wells Fargo & Company MN now owns 377,190 shares of the company’s stock valued at $7,766,000 after acquiring an additional 285,806 shares during the period. Aevitas Wealth Management Inc. bought a new stake in Voyager Therapeutics in the 4th quarter valued at about $1,400,000. Bank of New York Mellon Corp raised its stake in Voyager Therapeutics by 16.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 61,858 shares of the company’s stock valued at $1,274,000 after acquiring an additional 8,633 shares during the period. Clearbridge Investments LLC raised its stake in Voyager Therapeutics by 3,214.5% in the 4th quarter. Clearbridge Investments LLC now owns 68,046 shares of the company’s stock valued at $1,130,000 after acquiring an additional 65,993 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Voyager Therapeutics in the 4th quarter valued at about $334,000. Institutional investors own 78.22% of the company’s stock.

NASDAQ:VYGR traded down $0.23 during trading hours on Monday, hitting $18.52. 87,188 shares of the company traded hands, compared to its average volume of 431,002. Voyager Therapeutics has a one year low of $8.10 and a one year high of $31.91. The stock has a market cap of $603.88, a PE ratio of -6.96 and a beta of 2.98.

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Voyager Therapeutics Company Profile

Voyager Therapeutics, Inc, a clinical-stage gene therapy company, focuses on the development of treatments for patients suffering from severe neurological diseases. The company's lead clinical candidate is the VY-AADC, which is in open-label Phase 1b clinical trials for the treatment of advanced Parkinson's disease.

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Earnings History and Estimates for Voyager Therapeutics (NASDAQ:VYGR)

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