$43.43 Million in Sales Expected for Insmed Incorporated (NASDAQ:INSM) This Quarter

Friday, June 11, 2021 | MarketBeat

Equities research analysts predict that Insmed Incorporated (NASDAQ:INSM) will post $43.43 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Insmed's earnings, with the lowest sales estimate coming in at $41.01 million and the highest estimate coming in at $45.97 million. Insmed reported sales of $42.50 million in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 5th.

On average, analysts expect that Insmed will report full-year sales of $195.75 million for the current year, with estimates ranging from $177.33 million to $213.90 million. For the next financial year, analysts forecast that the business will report sales of $312.59 million, with estimates ranging from $265.30 million to $373.51 million. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Insmed.

Insmed (NASDAQ:INSM) last released its earnings results on Thursday, May 6th. The biopharmaceutical company reported ($0.89) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.02. Insmed had a negative return on equity of 103.03% and a negative net margin of 190.36%. The firm had revenue of $40.21 million for the quarter, compared to analyst estimates of $41.64 million. During the same quarter in the prior year, the firm posted ($0.74) earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis.

Several research firms have weighed in on INSM. Zacks Investment Research lowered Insmed from a "buy" rating to a "hold" rating in a research note on Tuesday, May 11th. Morgan Stanley dropped their price target on Insmed from $58.00 to $56.00 and set an "overweight" rating on the stock in a research report on Monday, May 10th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of "Buy" and an average price target of $51.38.

NASDAQ:INSM opened at $29.07 on Friday. Insmed has a 1-year low of $23.95 and a 1-year high of $45.44. The firm has a 50-day moving average of $29.78. The company has a quick ratio of 5.52, a current ratio of 6.16 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -9.20 and a beta of 2.27.

In related news, CEO William Lewis sold 50,000 shares of the stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $36.19, for a total transaction of $1,809,500.00. Following the completion of the transaction, the chief executive officer now directly owns 229,608 shares in the company, valued at $8,309,513.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.63% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Virtus ETF Advisers LLC grew its holdings in shares of Insmed by 2.8% during the first quarter. Virtus ETF Advisers LLC now owns 15,678 shares of the biopharmaceutical company's stock worth $534,000 after buying an additional 426 shares in the last quarter. WCM Investment Management LLC grew its stake in Insmed by 0.3% in the fourth quarter. WCM Investment Management LLC now owns 156,079 shares of the biopharmaceutical company's stock valued at $5,196,000 after purchasing an additional 499 shares in the last quarter. Victory Capital Management Inc. grew its stake in Insmed by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 11,775 shares of the biopharmaceutical company's stock valued at $392,000 after purchasing an additional 644 shares in the last quarter. Baillie Gifford & Co. bought a new position in Insmed in the fourth quarter valued at approximately $25,000. Finally, Eaton Vance Management bought a new position in Insmed in the first quarter valued at approximately $36,000.

About Insmed

Insmed Incorporated is a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Insmed's first commercial product is ARIKAYCE® (amikacin liposome inhalation suspension), which is approved in the United States for the treatment of Mycobacterium avium complex (MAC) lung disease as part of a combination antibacterial drug regimen for adult patients with limited or no alternative treatment options.

Recommended Story: G-20

Get a free copy of the Zacks research report on Insmed (INSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Insmed (NASDAQ:INSM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to cont[email protected]

Featured Article: Why Invest in Dividend Achievers?

7 Undervalued Stocks That Deserve More Attention

With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?

From cannabis to cryptocurrencies, and let’s not forget electric vehicles the market seems to be blowing bubbles wherever you look. And that’s why now may be exactly the right time to zig while the market is sagging. And that means looking for undervalued stocks.

But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.

However, the general idea is that you’re looking for stocks that are trading below their fair value.

In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but it’s trading at a lower price. In other cases, a company may have potential that is not reflected in its stock price. Put another way, undervalued stocks are stocks that have room to grow. That’s why they deserve a place in your portfolio.

And that’s why we’ve put together this special presentation on stocks that are undervalued right at this time. An investment in these companies is likely to be rewarded because the stocks are moving under the radar from the broader market.

View the "7 Undervalued Stocks That Deserve More Attention".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.