TESARO, Inc. Expected to Earn FY2017 Earnings of ($8.05) Per Share (TSRO)

TESARO, Inc. (NASDAQ:TSRO) – Equities researchers at Gabelli lifted their FY2017 earnings per share estimates for shares of TESARO in a research report issued on Wednesday. Gabelli analyst J. He now expects that the biopharmaceutical company will post earnings per share of ($8.05) for the year, up from their previous estimate of ($10.60). Gabelli also issued estimates for TESARO’s FY2018 earnings at ($5.10) EPS, FY2019 earnings at ($2.35) EPS, FY2020 earnings at $0.85 EPS and FY2021 earnings at $2.95 EPS.

TESARO (NASDAQ:TSRO) last issued its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($1.16) by $0.69. The company had revenue of $142.77 million during the quarter, compared to analyst estimates of $130.57 million. TESARO had a negative return on equity of 93.39% and a negative net margin of 251.22%. The business’s revenue was up 740.3% on a year-over-year basis. During the same quarter last year, the firm earned ($1.72) EPS.

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TSRO has been the subject of several other research reports. BidaskClub lowered TESARO from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Robert W. Baird reiterated a “hold” rating and issued a $120.00 target price on shares of TESARO in a research report on Friday. Wedbush reiterated an “outperform” rating and issued a $160.00 target price on shares of TESARO in a research report on Monday, September 11th. ValuEngine lowered TESARO from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Barclays PLC began coverage on TESARO in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $135.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $161.72.

TESARO (NASDAQ TSRO) opened at $91.09 on Friday. The company has a current ratio of 4.73, a quick ratio of 5.41 and a debt-to-equity ratio of 0.34. TESARO has a 12-month low of $89.00 and a 12-month high of $192.94.

In other TESARO news, Director James O. Armitage sold 10,000 shares of TESARO stock in a transaction on Monday, September 18th. The stock was sold at an average price of $117.13, for a total transaction of $1,171,300.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately $1,171,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edward C. English sold 10,862 shares of TESARO stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $134.92, for a total value of $1,465,501.04. Following the sale, the vice president now directly owns 6,258 shares in the company, valued at approximately $844,329.36. The disclosure for this sale can be found here. Insiders have sold a total of 35,692 shares of company stock worth $4,628,976 in the last ninety days. 40.50% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in TSRO. BlackRock Inc. raised its stake in shares of TESARO by 5.7% in the 2nd quarter. BlackRock Inc. now owns 3,605,247 shares of the biopharmaceutical company’s stock worth $504,230,000 after buying an additional 195,590 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TESARO by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,978,236 shares of the biopharmaceutical company’s stock worth $416,537,000 after buying an additional 62,104 shares in the last quarter. State Street Corp raised its stake in shares of TESARO by 17.9% in the 2nd quarter. State Street Corp now owns 1,168,913 shares of the biopharmaceutical company’s stock worth $163,496,000 after buying an additional 177,057 shares in the last quarter. BB Biotech AG raised its stake in shares of TESARO by 6.5% in the 2nd quarter. BB Biotech AG now owns 877,990 shares of the biopharmaceutical company’s stock worth $122,796,000 after buying an additional 53,408 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of TESARO in the 2nd quarter worth $100,301,000.

About TESARO

TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.

Earnings History and Estimates for TESARO (NASDAQ:TSRO)

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