S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17

Zacks: Brokerages Expect Vericel Co. (NASDAQ:VCEL) Will Announce Quarterly Sales of $38.17 Million

Last updated on Saturday, May 14, 2022 | 2022 MarketBeat

Wall Street brokerages expect that Vericel Co. (NASDAQ:VCEL - Get Rating) will announce sales of $38.17 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Vericel's earnings. The lowest sales estimate is $37.59 million and the highest is $39.01 million. Vericel posted sales of $39.52 million during the same quarter last year, which suggests a negative year over year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Vericel will report full year sales of $184.18 million for the current financial year, with estimates ranging from $181.88 million to $186.59 million. For the next year, analysts forecast that the business will post sales of $228.37 million, with estimates ranging from $220.40 million to $233.12 million. Zacks' sales calculations are a mean average based on a survey of research analysts that follow Vericel.

Vericel (NASDAQ:VCEL - Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The biotechnology company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.03). Vericel had a negative return on equity of 6.93% and a negative net margin of 7.15%. The business had revenue of $36.07 million during the quarter, compared to analyst estimates of $34.31 million. During the same period in the prior year, the firm earned ($0.07) EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis.

Several brokerages have commented on VCEL. Zacks Investment Research upgraded shares of Vericel from a "sell" rating to a "hold" rating in a report on Tuesday. SVB Leerink raised their target price on shares of Vericel from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, February 25th. StockNews.com began coverage on shares of Vericel in a report on Thursday, March 31st. They issued a "sell" rating for the company. Finally, TheStreet cut shares of Vericel from a "c-" rating to a "d+" rating in a report on Thursday, March 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $48.50.

In related news, Director Steven C. Gilman sold 900 shares of the firm's stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $30.94, for a total transaction of $27,846.00. Following the completion of the sale, the director now directly owns 5,200 shares in the company, valued at $160,888. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.20% of the company's stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. acquired a new stake in Vericel in the fourth quarter valued at approximately $31,000. Fifth Third Bancorp lifted its stake in Vericel by 102.0% in the first quarter. Fifth Third Bancorp now owns 1,283 shares of the biotechnology company's stock valued at $49,000 after acquiring an additional 648 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in shares of Vericel in the first quarter valued at approximately $76,000. Captrust Financial Advisors raised its position in shares of Vericel by 186.0% in the third quarter. Captrust Financial Advisors now owns 2,362 shares of the biotechnology company's stock valued at $115,000 after purchasing an additional 1,536 shares during the period. Finally, Hardy Reed LLC bought a new position in shares of Vericel in the first quarter valued at approximately $103,000.

Shares of VCEL opened at $28.30 on Friday. Vericel has a one year low of $25.11 and a one year high of $68.94. The company has a 50-day moving average of $34.31 and a two-hundred day moving average of $37.19. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -113.20 and a beta of 1.96.

About Vericel (Get Rating)

Vericel Corporation, a commercial-stage biopharmaceutical company, engages in the research, development, manufacture, and distribution of cellular therapies for sports medicine and severe burn care markets in the United States. The company markets autologous cell therapy products comprising MACI, an autologous cellularized scaffold product for the repair of symptomatic, and single or multiple full-thickness cartilage defects of the knee; and Epicel, a permanent skin replacement humanitarian use device for the treatment of adult and pediatric patients with deep-dermal or full-thickness burns.

See Also

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Earnings History and Estimates for Vericel (NASDAQ:VCEL)

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 [email protected]

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