-$0.11 Earnings Per Share Expected for AxoGen, Inc. (AXGN) This Quarter

Equities analysts expect AxoGen, Inc. (NASDAQ:AXGN) to report earnings per share of ($0.11) for the current quarter, Zacks reports. Three analysts have provided estimates for AxoGen’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.15). AxoGen also posted earnings per share of ($0.11) during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that AxoGen will report full-year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.38) to ($0.23). For the next year, analysts forecast that the firm will post earnings of ($0.17) per share, with EPS estimates ranging from ($0.26) to ($0.08). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for AxoGen.

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AxoGen (NASDAQ:AXGN) last announced its quarterly earnings data on Wednesday, February 28th. The medical equipment provider reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. AxoGen had a negative return on equity of 70.63% and a negative net margin of 17.29%. The firm had revenue of $16.97 million for the quarter, compared to analyst estimates of $16.38 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. AxoGen’s quarterly revenue was up 48.7% on a year-over-year basis.

AXGN has been the topic of several research reports. Cantor Fitzgerald reissued an “overweight” rating on shares of AxoGen in a report on Friday, January 5th. BidaskClub lowered AxoGen from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. William Blair initiated coverage on AxoGen in a report on Monday, February 5th. They issued an “outperform” rating on the stock. JMP Securities upped their target price on AxoGen from $27.00 to $34.00 and gave the company a “market outperform” rating in a report on Thursday, March 1st. Finally, Lake Street Capital set a $38.00 target price on AxoGen and gave the company a “buy” rating in a report on Friday, March 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.14.

AXGN stock traded down $0.70 on Friday, reaching $37.00. 336,289 shares of the company’s stock were exchanged, compared to its average volume of 349,698. AxoGen has a twelve month low of $10.35 and a twelve month high of $40.95. The firm has a market capitalization of $1,266.63, a PE ratio of -119.35 and a beta of 0.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.07 and a quick ratio of 3.53.

In other AxoGen news, Director Jamie Mark Grooms sold 63,395 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $27.67, for a total value of $1,754,139.65. Following the sale, the director now owns 5,827 shares of the company’s stock, valued at $161,233.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 169,407 shares of company stock worth $4,593,013 in the last three months. 9.33% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AXGN. Allianz Asset Management GmbH boosted its stake in shares of AxoGen by 1.2% during the third quarter. Allianz Asset Management GmbH now owns 260,484 shares of the medical equipment provider’s stock valued at $5,040,000 after acquiring an additional 2,979 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of AxoGen by 5.6% during the fourth quarter. Proficio Capital Partners LLC now owns 67,600 shares of the medical equipment provider’s stock valued at $1,913,000 after acquiring an additional 3,600 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of AxoGen by 15.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 35,300 shares of the medical equipment provider’s stock valued at $999,000 after acquiring an additional 4,800 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of AxoGen by 4.9% during the third quarter. California Public Employees Retirement System now owns 137,536 shares of the medical equipment provider’s stock valued at $2,661,000 after acquiring an additional 6,436 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of AxoGen during the fourth quarter valued at $215,000. 67.97% of the stock is currently owned by institutional investors.

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About AxoGen

AxoGen, Inc provides surgical solutions for peripheral nerve injuries. The company?s surgical nerve repair solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect injured peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.

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Earnings History and Estimates for AxoGen (NASDAQ:AXGN)

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