Immunomedics (IMMU) Posts Earnings Results, Misses Estimates By $0.06 EPS

Immunomedics (NASDAQ:IMMU) posted its earnings results on Wednesday. The biopharmaceutical company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06), Fidelity Earnings reports. Immunomedics had a negative return on equity of 124.54% and a negative net margin of 12,701.21%. During the same quarter in the prior year, the firm posted ($0.97) earnings per share.

Shares of Immunomedics stock traded up $0.52 on Wednesday, hitting $24.24. The stock had a trading volume of 1,620,000 shares, compared to its average volume of 2,132,922. Immunomedics has a twelve month low of $8.68 and a twelve month high of $27.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 14.83 and a quick ratio of 14.83. The company has a market capitalization of $4.66 billion, a P/E ratio of -23.53 and a beta of 1.93.

A number of research analysts have recently commented on IMMU shares. Goldman Sachs Group started coverage on shares of Immunomedics in a report on Monday, September 17th. They issued a “buy” rating and a $36.00 target price for the company. Guggenheim started coverage on shares of Immunomedics in a report on Tuesday, September 18th. They issued a “buy” rating and a $33.00 target price for the company. Wells Fargo & Co increased their target price on shares of Immunomedics from $31.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 17th. TheStreet downgraded Immunomedics from a “c-” rating to a “d+” rating in a research note on Tuesday, September 11th. Finally, BidaskClub downgraded Immunomedics from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $38.00.

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Immunomedics Company Profile

Immunomedics, Inc, a clinical-stage biopharmaceutical company, develops monoclonal antibody-based products for the targeted treatment of cancer. Its advanced antibody-drug conjugates are sacituzumab govitecan and labetuzumab govitecan, which are in advanced trials for various solid tumors and metastatic colorectal cancer, respectively.

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Earnings History for Immunomedics (NASDAQ:IMMU)

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