Published On: Mon, Sep 19th, 2016

FY2019 EPS Estimates for Lexicon Pharmaceuticals Inc. (LXRX) Lifted by Analyst

Lexicon Pharmaceuticals Inc. (NASDAQ:LXRX) – Investment analysts at Gabelli raised their FY2019 EPS estimates for Lexicon Pharmaceuticals in a report issued on Friday. Gabelli analyst K. Kedra now forecasts that the firm will post earnings per share of $0.70 for the year, up from their prior estimate of $0.55.
Several other research analysts have also issued reports on LXRX. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target on shares of Lexicon Pharmaceuticals in a report on Monday, September 12th. Wedbush reiterated an “outperform” rating and issued a $28.00 price target (down previously from $30.00) on shares of Lexicon Pharmaceuticals in a report on Tuesday, May 24th. Zacks Investment Research lowered Lexicon Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Citigroup Inc. increased their price target on Lexicon Pharmaceuticals from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, Cowen and Company reiterated a “hold” rating on shares of Lexicon Pharmaceuticals in a report on Friday, September 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.93.
Lexicon Pharmaceuticals (NASDAQ:LXRX) opened at 18.90 on Monday. Lexicon Pharmaceuticals has a 12-month low of $7.65 and a 12-month high of $19.19. The company’s 50 day moving average price is $15.69 and its 200-day moving average price is $13.90. The firm’s market capitalization is $1.96 billion.

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Lexicon Pharmaceuticals (NASDAQ:LXRX) last posted its earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.04. The business had revenue of $20.10 million for the quarter, compared to analyst estimates of $12.36 million. Lexicon Pharmaceuticals had a negative return on equity of 9.03% and a negative net margin of 13.42%. The firm’s revenue was up 5186.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.27) EPS.
Several hedge funds have recently modified their holdings of LXRX. Acadian Asset Management LLC acquired a new stake in shares of Lexicon Pharmaceuticals during the second quarter worth approximately $863,000. Eagle Asset Management Inc. increased its stake in shares of Lexicon Pharmaceuticals by 13.3% in the second quarter. Eagle Asset Management Inc. now owns 1,678,732 shares of the biopharmaceutical company’s stock worth $24,089,000 after buying an additional 196,759 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Lexicon Pharmaceuticals during the second quarter worth approximately $274,000. Royal Bank of Canada increased its stake in shares of Lexicon Pharmaceuticals by 4,805.5% in the first quarter. Royal Bank of Canada now owns 31,886 shares of the biopharmaceutical company’s stock worth $381,000 after buying an additional 31,236 shares during the last quarter. Finally, Bridger Management LLC acquired a new stake in shares of Lexicon Pharmaceuticals during the first quarter worth approximately $12,308,000.
Lexicon Pharmaceuticals Company Profile
Lexicon Pharmaceuticals, Inc (Lexicon) is a biopharmaceutical company. The Company focuses on the development of treatments for human disease. The Company is engaged in the development of two drug candidates: telotristat etiprate (LX1032) and sotagliflozin (LX4211). The Company’s telotristat etiprate, is an orally delivered small molecule drug candidate, as a treatment for carcinoid syndrome.

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