Zacks: Brokerages Anticipate Atara Biotherapeutics (ATRA) to Announce -$0.91 Earnings Per Share

Analysts expect Atara Biotherapeutics (NASDAQ:ATRA) to report earnings of ($0.91) per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Atara Biotherapeutics’ earnings, with the highest EPS estimate coming in at ($0.85) and the lowest estimate coming in at ($0.96). Atara Biotherapeutics posted earnings per share of ($0.88) in the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The company is scheduled to issue its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Atara Biotherapeutics will report full-year earnings of ($3.62) per share for the current fiscal year, with EPS estimates ranging from ($3.75) to ($3.49). For the next fiscal year, analysts anticipate that the business will report earnings of ($3.84) per share, with EPS estimates ranging from ($4.27) to ($3.41). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Atara Biotherapeutics.

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Atara Biotherapeutics (NASDAQ:ATRA) last issued its quarterly earnings data on Tuesday, February 27th. The biotechnology company reported ($1.15) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($1.15).

A number of research analysts have recently weighed in on the stock. Citigroup downgraded shares of Atara Biotherapeutics from a “neutral” rating to a “sell” rating in a research report on Thursday, February 15th. Zacks Investment Research raised shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. JMP Securities downgraded shares of Atara Biotherapeutics from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Guggenheim assumed coverage on shares of Atara Biotherapeutics in a research report on Thursday, March 15th. They set a “neutral” rating for the company. Finally, Canaccord Genuity reissued a “buy” rating and set a $70.00 target price on shares of Atara Biotherapeutics in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.80.

In related news, EVP Mitchall G. Clark sold 22,400 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $40.07, for a total transaction of $897,568.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carol Giltner Gallagher sold 1,183 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $46.50, for a total transaction of $55,009.50. Following the sale, the director now owns 111,286 shares in the company, valued at $5,174,799. The disclosure for this sale can be found here. Insiders have sold a total of 315,324 shares of company stock worth $11,379,838 over the last 90 days. 16.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Carillon Tower Advisers Inc. purchased a new stake in Atara Biotherapeutics in the 4th quarter worth approximately $23,284,000. Bridger Management LLC lifted its stake in Atara Biotherapeutics by 57.3% in the 4th quarter. Bridger Management LLC now owns 2,598,599 shares of the biotechnology company’s stock worth $47,035,000 after purchasing an additional 946,086 shares in the last quarter. Artal Group S.A. lifted its stake in Atara Biotherapeutics by 66.7% in the 4th quarter. Artal Group S.A. now owns 1,000,000 shares of the biotechnology company’s stock worth $18,100,000 after purchasing an additional 400,000 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in Atara Biotherapeutics by 13.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,146,820 shares of the biotechnology company’s stock worth $56,957,000 after purchasing an additional 371,099 shares in the last quarter. Finally, Nexthera Capital LP purchased a new stake in Atara Biotherapeutics in the 4th quarter worth approximately $5,188,000. Institutional investors own 76.88% of the company’s stock.

Shares of Atara Biotherapeutics stock traded down $0.85 on Friday, reaching $35.60. 117,193 shares of the company traded hands, compared to its average volume of 1,035,141. Atara Biotherapeutics has a 52 week low of $11.80 and a 52 week high of $49.90. The company has a market capitalization of $1,450.15, a P/E ratio of -8.88 and a beta of 2.55.

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About Atara Biotherapeutics

Atara Biotherapeutics, Inc, an off-the-shelf T-cell immunotherapy company, develops treatments for patients with cancer, autoimmune, and viral diseases in the United States. The company is developing tabelecleucel, an advanced T-cell immunotherapy that is Phase III clinical trials for the treatment of rituximab-refractory epstein-barr virus (EBV) associated post-transplant lymphoproliferative disorder, as well as other EBV associated hematologic and solid tumors, including nasopharyngeal carcinoma.

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