Economy

Biogen Inc. (NASDAQ:BIIB) Updates FY17 Earnings Guidance

Biogen Inc. (NASDAQ:BIIB) Updates FY17 Earnings Guidance”

Fisher Asset Mgmt Limited Liability holds 0.05% in Biogen Inc (NASDAQ:BIIB) or 101,887 shares. In looking further ahead, potential investors should note that the company's price to next year's EPS estimates is 12.65.

Several brokerages recently issued reports on BIIB. Alliancebernstein L.P. raised its stake in Biogen by 11.1% in the first quarter. Alliancebernstein L.P. now owns 2,937,319 shares of the biotechnology company's stock valued at $803,122,000 after buying an additional 294,308 shares during the last quarter. Vanguard Group Inc. raised its stake in Biogen by 2.4% in the first quarter. Crestwood Advisors Group LLC purchased a new stake in Biogen during the first quarter valued at approximately $106,000. The institutional investor owned 869 shares of the biotechnology company's stock at the end of the second quarter. Rational Advisors LLC raised its position in shares of Biogen by 14.3% in the first quarter. Another trade for 1,402 shares valued at $380,433 was bought by Vounatsos Michel.

Kazazian Asset Management Llc increased Biogen Inc (BIIB) stake by 189.66% reported in 2016Q4 SEC filing. Moreno Evelyn V now owns 20,470 shares of the biotechnology company's stock valued at $5,596,000 after buying an additional 2,550 shares in the last quarter.

A number of other institutional investors have also modified their holdings of the stock. Biogen has a 52 week low of $244.28 and a 52 week high of $307.76.

Biogen Inc. (NASDAQ:BIIB) updated its FY17 earnings guidance on Tuesday.

Mattel, Inc. (NASDAQ:MAT) stock shows declines of -3.84% and traded at a price of $20.80 in preceding trading session. Shares price isolated positively from its 50 days moving average with 7.58% and remote positively from 200 days moving average with 4.99%.

Biogen (BIIB) clung to gains early Tuesday after its Ionis Pharmaceuticals (IONS)-partnered spinal drug almost tripled expectations in the second quarter, leading to a 4% guidance boost. It had forecast earnings of $20.45 per share to $21.25 per share and revenue of $11.1 billion to $11.4 billion in January. Revenue rose to $3.08 billion from $2.89 billion, compared with the FactSet consensus of $2.81 billion.

Evolving Systems, Inc. (NASDAQ:EVOL) yearly performance is -5.30% and net profit margin is 16.50%. During the same period in the previous year, the firm posted $5.21 EPS. On average, analysts expect that Biogen will post $20.42 EPS for the current fiscal year.

Biogen Inc is a biopharmaceutical company. "(NASDAQ:BIIB)" was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & worldwide copyright and trademark legislation. Lakeview Capital Ptnrs Limited has invested 0.24% in Biogen Inc (NASDAQ:BIIB). Robert W. Baird reissued a "neutral" rating and set a $290.00 price target on shares of Biogen in a research report on Wednesday, March 29th. Finally, William Blair restated an "outperform" rating on shares of Biogen in a research report on Monday, June 26th. On Monday, July 17 the stock rating was maintained by BMO Capital Markets with "Hold". Thirteen investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Biogen now has a consensus rating of Buy and a consensus price target of $325.48.

In other Biogen news, Director Alexander J. Denner bought 73,858 shares of the firm's stock in a transaction that occurred on Thursday, April 27th. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

In related news, EVP Susan H. Alexander sold 7,758 shares of the firm's stock in a transaction dated Wednesday, July 19th. The Kazazian Asset Management Llc holds 8,400 shares with $2.38M value, up from 2,900 last quarter. In the past year, Coca-Cola signed an contract to refranchise all existing company-owned bottling operations in China, and reported that it has completed the Coca-Cola European Partners and Coca-Cola Beverages Africa transactions, and the transfer of certain territories in the United States to Arca Continental, and Coke's UNITED bottlers. The disclosure for this sale can be found here. Biogen Inc now has $60.71 billion valuation. Webster Comml Bank N A has 0% invested in Biogen Inc (NASDAQ:BIIB) for 6 shares. At Biogen she will work to drive the uptake of the company's industry-leading portfolio of multiple sclerosis (MS) therapies and raise access for SPINRAZA®, the first and only accepted treatment for spinal muscular atrophy.



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