Array BioPharma Company Profile (NASDAQ:ARRY)

About Array BioPharma (NASDAQ:ARRY)

Array BioPharma logoArray BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer. The Company's programs include approximately three cancer drugs, binimetinib, encorafenib and selumetinib (partnered with AstraZeneca, PLC). Its binimetinib and encorafenib are in Phase III trials in advanced cancer patients, including the COLUMBUS trial studying encorafenib in combination with binimetinib in patients with BRAF-mutant melanoma and has initiated BEACON CRC trial to study encorafenib in combination with binimetinib and cetuximab in patients with BRAF V600E-mutant colorectal cancer (BRAFm CRC). Its selumetinib is a mitogen-activated protein kinase (MEK) inhibitor for cancer, which is in Phase III trial. Its advanced clinical-stage drugs include Filanesib, ARRY-797, ASC08/Danoprevir, Ipatasertib/GDC-0068, Motolimod/VTX-2337, LOXO-101, ONT-380/ARRY-380, GDC-0575, GDC-0994 and ARRY-382.

Industry, Sector and Symbol:
  • Sector: Medical
  • Industry: Bio Therapeutic Drugs
  • Sub-Industry: Biotechnology
  • Symbol: NASDAQ:ARRY
  • CUSIP: 04269X10
  • Web: www.arraybiopharma.com
Capitalization:
  • Market Cap: $2.28592 billion
  • Outstanding Shares: 171,442,000
Average Prices:
  • 50 Day Moving Avg: $11.37
  • 200 Day Moving Avg: $9.06
  • 52 Week Range: $5.36 - $13.40
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -20.91
  • P/E Growth: -1.18
Sales & Book Value:
  • Annual Revenue: $43.66 million
  • Price / Sales: 45.98
  • Book Value: $0.07 per share
  • Price / Book: 167.29
Profitability:
  • EBITDA: ($100,010,000.00)
  • Net Margins: -77.44%
  • Return on Equity: -1,187.18%
  • Return on Assets: -47.96%
Debt:
  • Debt-to-Equity Ratio: 11.42%
  • Current Ratio: 3.88%
  • Quick Ratio: 3.88%
Misc:
  • Average Volume: 4.14 million shs.
  • Beta: 2.17
  • Short Ratio: 8.62
 

Frequently Asked Questions for Array BioPharma (NASDAQ:ARRY)

What is Array BioPharma's stock symbol?

Array BioPharma trades on the NASDAQ under the ticker symbol "ARRY."

How were Array BioPharma's earnings last quarter?

Array BioPharma Inc. (NASDAQ:ARRY) issued its quarterly earnings data on Wednesday, August, 9th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.04. The firm had revenue of $33.80 million for the quarter, compared to analyst estimates of $28.64 million. Array BioPharma had a negative net margin of 77.44% and a negative return on equity of 1,187.18%. The company's revenue for the quarter was down 21.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) earnings per share. View Array BioPharma's Earnings History.

When will Array BioPharma make its next earnings announcement?

Array BioPharma is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Array BioPharma.

Where is Array BioPharma's stock going? Where will Array BioPharma's stock price be in 2017?

7 brokers have issued 1 year target prices for Array BioPharma's shares. Their forecasts range from $9.00 to $18.00. On average, they anticipate Array BioPharma's share price to reach $13.86 in the next twelve months. View Analyst Ratings for Array BioPharma.

What are analysts saying about Array BioPharma stock?

Here are some recent quotes from research analysts about Array BioPharma stock:

  • 1. Cantor Fitzgerald analysts commented, "ARRY’s e-poster presentation of the safety lead in for the Phase III BEACON CRC study suggests that binimetinib/encorafenib could expand its market potential to colorectal cancer, which the shares do not currently reflect, in our view." (9/8/2017)
  • 2. According to Zacks Investment Research, "Array BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat life threatening and debilitating diseases. The company's proprietary drug development pipeline is focused on the treatment of cancer and inflammatory disease and includes clinical candidates that are designed to regulate therapeutically important targets. In addition, leading pharmaceutical and biotechnology companies collaborate with Array to discover and develop drug candidates across a broad range of therapeutic areas. " (8/11/2017)
  • 3. Cowen and Company analysts commented, "We see ARRY's decision to withdraw the NRAS NDA as prudent given the known modest efficacy benefit. The NRAS-mutant melanoma opportunity represented a modest 6% of our base model DCF, thus we lower our PT modestly from $15 to $14. We view recent share weakness and the passing of this 'risk' event as an especially attractive opportunity to firmly reiterate our Outperform rating on ARRY shares." (3/20/2017)

Are investors shorting Array BioPharma?

Array BioPharma saw a decline in short interest in the month of September. As of September 29th, there was short interest totalling 23,385,574 shares, a decline of 18.6% from the September 15th total of 28,717,062 shares. Based on an average daily trading volume, of 4,448,232 shares, the days-to-cover ratio is presently 5.3 days. Currently, 12.0% of the shares of the stock are short sold.

Who are some of Array BioPharma's key competitors?

Who are Array BioPharma's key executives?

Array BioPharma's management team includes the folowing people:

  • Kyle A. Lefkoff, Independent Chairman of the Board
  • Ron R. Squarer, Chief Executive Officer, Director
  • Jason Haddock, Chief Financial Officer
  • Andrew R. Robbins, Chief Operating Officer
  • Nicholas A. Saccomano Ph.D., Chief Scientific Officer
  • Curtis Oltmans, General Counsel
  • Victor Sandor, Chief Medical Officer
  • Shalini Sharp, Director
  • Charles M. Baum M.D., Ph.D., Independent Director
  • Gwendolyn A. Fyfe M.D., Independent Director

Who owns Array BioPharma stock?

Array BioPharma's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include POINT72 ASSET MANAGEMENT, L.P. Total Shares: 9,194,118 (5.40%). Company insiders that own Array BioPharma stock include Charles M Baum, Kyle Lefkoff and Redmile Group, Llc. View Institutional Ownership Trends for Array BioPharma.

How do I buy Array BioPharma stock?

Shares of Array BioPharma can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Array BioPharma's stock price today?

One share of Array BioPharma stock can currently be purchased for approximately $11.71.


MarketBeat Community Rating for Array BioPharma (NASDAQ ARRY)
Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  276 (Vote Outperform)
Underperform Votes:  120 (Vote Underperform)
Total Votes:  396
MarketBeat's community ratings are surveys of what our community members think about Array BioPharma and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Array BioPharma (NASDAQ:ARRY) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $13.86 (18.34% upside)
Consensus Price Target History for Array BioPharma (NASDAQ:ARRY)
Price Target History for Array BioPharma (NASDAQ:ARRY)
Analysts' Ratings History for Array BioPharma (NASDAQ:ARRY)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/26/2017Cantor FitzgeraldReiterated RatingBuy$15.00HighView Rating Details
9/20/2017Piper Jaffray CompaniesReiterated RatingOverweight$14.00 -> $18.00LowView Rating Details
9/12/2017Jefferies Group LLCReiterated RatingBuy$9.00MediumView Rating Details
9/11/2017Cowen and CompanyReiterated RatingOutperform$14.00 -> $15.00HighView Rating Details
9/11/2017Stifel NicolausReiterated RatingBuy -> Buy$13.00 -> $15.00HighView Rating Details
9/11/2017J P Morgan Chase & CoReiterated RatingBuy$14.00HighView Rating Details
1/30/2017Leerink SwannDowngradeOutperform -> Market Perform$11.00N/AView Rating Details
6/2/2016SunTrust Banks, Inc.Initiated CoverageBuy$7.00N/AView Rating Details
(Data available from 10/19/2015 forward)

Earnings

Earnings History for Array BioPharma (NASDAQ:ARRY)
Earnings by Quarter for Array BioPharma (NASDAQ:ARRY)
Earnings History by Quarter for Array BioPharma (NASDAQ ARRY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017($0.23)N/AView Earnings Details
8/9/2017Q4 2017($0.21)($0.17)$28.64 million$33.80 millionViewListenView Earnings Details
5/10/2017Q3 2017($0.16)($0.21)$38.28 million$33.28 millionViewN/AView Earnings Details
2/9/2017Q2 2017($0.18)($0.14)$31.90 million$44.50 millionViewListenView Earnings Details
11/1/2016Q117($0.16)($0.20)$32.47 million$39.30 millionViewListenView Earnings Details
8/4/2016Q416($0.14)($0.17)$41.51 million$43.20 millionViewListenView Earnings Details
5/3/2016Q316($0.12)($0.16)$30.35 million$43.00 millionViewListenView Earnings Details
2/2/2016Q216($0.06)($0.17)$32.70 million$35.40 millionViewListenView Earnings Details
11/4/2015Q116($0.18)($0.15)$14.02 million$16.20 millionViewListenView Earnings Details
8/3/2015Q415($0.16)($0.09)$10.29 million$12.30 millionViewListenView Earnings Details
5/4/2015Q315($0.01)$0.37$6.00 million$6.60 millionViewListenView Earnings Details
2/3/2015Q215($0.20)($0.06)$10.20 million$26.92 millionViewListenView Earnings Details
11/4/2014Q115($0.22)($0.21)$6.35 million$6.07 millionViewListenView Earnings Details
8/12/2014Q414($0.23)($0.22)$8.10 million$6.00 millionViewListenView Earnings Details
4/29/2014Q314($0.21)($0.20)$9.40 million$7.80 millionViewListenView Earnings Details
2/4/2014Q214($0.16)($0.13)$13.49 million$14.10 millionViewListenView Earnings Details
10/31/2013Q114($0.18)($0.13)$11.20 million$14.20 millionViewListenView Earnings Details
8/7/2013Q4 2013($0.13)($0.06)$16.13 million$25.40 millionViewListenView Earnings Details
5/6/2013Q3 2013($0.14)($0.19)$14.54 million$10.00 millionViewListenView Earnings Details
2/4/2013Q2 2013($0.14)($0.10)$16.52 million$18.40 millionViewListenView Earnings Details
10/29/2012Q113($0.15)($0.13)$16.70 million$15.80 millionViewN/AView Earnings Details
8/13/2012($0.11)($0.09)ViewN/AView Earnings Details
4/30/2012($0.16)($0.11)ViewN/AView Earnings Details
1/30/2012($0.12)($0.06)ViewN/AView Earnings Details
5/2/2011($0.25)($0.20)ViewN/AView Earnings Details
1/31/2011($0.28)($0.23)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Array BioPharma (NASDAQ:ARRY)
2017 EPS Consensus Estimate: ($0.94)
2018 EPS Consensus Estimate: ($1.01)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.22)($0.21)($0.22)
Q2 20173($0.27)($0.20)($0.22)
Q3 20173($0.31)($0.22)($0.25)
Q4 20173($0.29)($0.21)($0.25)
Q1 20182($0.31)($0.19)($0.25)
Q2 20182($0.32)($0.18)($0.25)
Q3 20182($0.36)($0.18)($0.27)
Q4 20182($0.26)($0.21)($0.24)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Array BioPharma (NASDAQ:ARRY)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Array BioPharma (NASDAQ:ARRY)
Insider Ownership Percentage: 3.18%
Institutional Ownership Percentage: 85.64%
Insider Trades by Quarter for Array BioPharma (NASDAQ:ARRY)
Institutional Ownership by Quarter for Array BioPharma (NASDAQ:ARRY)
Insider Trades by Quarter for Array BioPharma (NASDAQ:ARRY)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/29/2017Kyle LefkoffDirectorSell38,865$12.31$478,428.15View SEC Filing  
3/28/2017Charles M BaumDirectorSell25,000$9.27$231,750.00View SEC Filing  
9/28/2016Redmile Group, LlcMajor ShareholderSell2,492,578$6.36$15,852,796.08View SEC Filing  
9/15/2016Redmile Group, LlcMajor ShareholderBuy400,000$3.51$1,404,000.00View SEC Filing  
1/20/2016Redmile Group, LlcMajor ShareholderBuy300,000$3.19$957,000.00View SEC Filing  
1/12/2016Redmile Group, LlcMajor ShareholderBuy75,000$3.60$270,000.00View SEC Filing  
1/11/2016Redmile Group, LlcMajor ShareholderBuy925,000$3.67$3,394,750.00View SEC Filing  
10/1/2015Redmile Group, LlcMajor ShareholderBuy782,592$4.58$3,584,271.36View SEC Filing  
8/25/2015Redmile Group, LlcMajor ShareholderBuy790,000$5.38$4,250,200.00View SEC Filing  
8/10/2015Redmile Group, LlcMajor ShareholderBuy1,048,993$5.80$6,084,159.40View SEC Filing  
3/3/2015Kyle LefkoffDirectorSell70,000$8.00$560,000.00View SEC Filing  
3/2/2015Andrews R RobbinsSVPSell21,576$8.25$178,002.00View SEC Filing  
3/2/2015Ron SquarerCEOSell40,000$8.25$330,000.00View SEC Filing  
9/16/2013Liam RatcliffeDirectorSell1,673,172$6.08$10,172,885.76View SEC Filing  
9/6/2013Liam RatcliffeDirectorSell577,286$5.79$3,342,485.94View SEC Filing  
8/2/2013John R MooreVPSell75,384$7.02$529,195.68View SEC Filing  
7/23/2013John R MooreVPSell5,000$6.50$32,500.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Array BioPharma (NASDAQ:ARRY)
Latest Headlines for Array BioPharma (NASDAQ:ARRY)
Source:
DateHeadline
nasdaq.com logoAfter Hours Most Active for Oct 16, 2017 : NFLX, PE, F, MAR, ISBC, LB, GE, SYF, LUV, CMCSA, QQQ, ARRY - Nasdaq
www.nasdaq.com - October 16 at 9:54 PM
americanbankingnews.com logoShort Interest in Array BioPharma Inc. (ARRY) Decreases By 18.6%
www.americanbankingnews.com - October 13 at 1:32 AM
finance.yahoo.com logoETFs with exposure to Array BioPharma, Inc. : October 9, 2017
finance.yahoo.com - October 9 at 5:00 PM
americanbankingnews.com logoZacks: Analysts Anticipate Array BioPharma Inc. (ARRY) to Post -$0.22 Earnings Per Share
www.americanbankingnews.com - October 7 at 8:38 AM
americanbankingnews.com logoHead-To-Head Contrast: Array BioPharma (ARRY) & Its Competitors
www.americanbankingnews.com - October 2 at 4:20 PM
americanbankingnews.com logoInsider Selling: Array BioPharma Inc. (ARRY) Director Sells 38,865 Shares of Stock
www.americanbankingnews.com - September 29 at 7:39 PM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Short Interest Up 20.6% in September
www.americanbankingnews.com - September 28 at 2:20 AM
seekingalpha.com logoArray BioPharma (ARRY) Presents At Cantor Fitzgerald Global Healthcare Conference - Slideshow
seekingalpha.com - September 27 at 7:55 PM
americanbankingnews.com logoCantor Fitzgerald Reiterates Buy Rating for Array BioPharma Inc. (ARRY)
www.americanbankingnews.com - September 27 at 6:10 PM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - September 24 at 9:00 AM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Rating Reiterated by Piper Jaffray Companies
www.americanbankingnews.com - September 20 at 10:52 PM
americanbankingnews.com logo$22.34 Million in Sales Expected for Array BioPharma Inc. (ARRY) This Quarter
www.americanbankingnews.com - September 20 at 9:24 AM
finance.yahoo.com logoArray BioPharma Announces Closing of Public Offering and Full Exercise of Option to Purchase Additional Shares
finance.yahoo.com - September 19 at 4:03 PM
finance.yahoo.com logoArray BioPharma To Present At The 2017 Cantor Fitzgerald Global Healthcare Conference
finance.yahoo.com - September 19 at 4:03 PM
americanbankingnews.com logo-$0.22 Earnings Per Share Expected for Array BioPharma Inc. (ARRY) This Quarter
www.americanbankingnews.com - September 18 at 2:28 PM
streetinsider.com logoArray Biopharma (ARRY) Prices 20.93M Shares Common Offering at $10.75/Sh - StreetInsider.com
www.streetinsider.com - September 15 at 9:28 PM
finance.yahoo.com logoToday's Research Reports on Stocks to Watch: Halozyme Therapeutics and Array Biopharma
finance.yahoo.com - September 15 at 4:24 PM
finance.yahoo.com logoMirati Skyrockets On Positive Data - Biotech Movers
finance.yahoo.com - September 15 at 4:24 PM
prnewswire.com logoArray BioPharma Announces Pricing of Public Offering of Common Stock - PR Newswire (press release)
www.prnewswire.com - September 15 at 2:42 AM
marketwatch.com logoArray BioPharma shares slide on secondary offering announcement - MarketWatch
www.marketwatch.com - September 14 at 9:40 PM
247wallst.com logoArray BioPharma Slides on Secondary Offering - 24/7 Wall St.
247wallst.com - September 14 at 9:40 PM
finance.yahoo.com logoArray BioPharma Announces Pricing of Public Offering of Common Stock
finance.yahoo.com - September 14 at 9:40 PM
finance.yahoo.com logoColorado biotech plans $200 million stock offering
finance.yahoo.com - September 14 at 4:38 PM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Sees Large Increase in Short Interest
www.americanbankingnews.com - September 14 at 1:54 AM
finance.yahoo.com logoArray BioPharma shares slide on secondary offering announcement
finance.yahoo.com - September 13 at 10:15 PM
rttnews.com logoArray BioPharma Inc. (ARRY) Is Falling After Offering Announcement
www.rttnews.com - September 13 at 5:14 PM
finance.yahoo.com logoSteven Cohen Dives Into Array BioPharma
finance.yahoo.com - September 13 at 5:14 PM
finance.yahoo.com logoArray BioPharma Announces Proposed Public Offering of Common Stock
finance.yahoo.com - September 13 at 5:14 PM
seekingalpha.com logoArray BioPharma (ARRY) Presents At European Society For Medical Oncology Annual Congress - Slideshow
seekingalpha.com - September 12 at 9:18 PM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Earns Buy Rating from Jefferies Group LLC
www.americanbankingnews.com - September 12 at 6:28 PM
seekingalpha.com logoMarket Underreacts To Array Biopharma's Groundbreaking Colorectal Cancer Data - Seeking Alpha
seekingalpha.com - September 12 at 4:18 PM
finance.yahoo.com logoArray BioPharma Announces FDA Acceptance For Review Of Binimetinib And Encorafenib New Drug Applications For Patients With Advanced BRAF-mutant Melanoma
finance.yahoo.com - September 12 at 4:18 PM
finance.yahoo.com logoETFs with exposure to Array BioPharma, Inc. : September 12, 2017
finance.yahoo.com - September 12 at 2:02 AM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Stock Rating Reaffirmed by Cowen and Company
www.americanbankingnews.com - September 11 at 5:46 PM
seekingalpha.com logoArray BioPharma: Data Updates Point To Continued Upside - Seeking Alpha
seekingalpha.com - September 11 at 3:56 PM
finance.yahoo.com logoToday's Research Reports on Stocks to Watch: Array BioPharma and Kura Oncology
finance.yahoo.com - September 11 at 3:56 PM
feeds.benzinga.com logoArray BioPharma And Others Shine At The ESMO 2017 Congress
feeds.benzinga.com - September 11 at 3:06 PM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Rating Reiterated by J P Morgan Chase & Co
www.americanbankingnews.com - September 11 at 9:04 AM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Price Target Increased to $15.00 by Analysts at Cantor Fitzgerald
www.americanbankingnews.com - September 11 at 8:22 AM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Price Target Raised to $15.00 at Stifel Nicolaus
www.americanbankingnews.com - September 11 at 8:10 AM
rttnews.com logoNew Hope For AZN's Old Drug, More About BMY's Opdivo, IMDZ On Watch
www.rttnews.com - September 11 at 1:50 AM
finance.yahoo.com logoPhase 3 COLUMBUS Part 2 Results in BRAF-Mutant Melanoma Presented at European Society for Medical Oncology Congress
finance.yahoo.com - September 9 at 3:51 PM
americanbankingnews.com logoArray BioPharma Target of Unusually Large Options Trading (ARRY)
www.americanbankingnews.com - September 9 at 1:30 AM
finance.yahoo.com logoArray BioPharma, Inc. :ARRY-US: Earnings Analysis: Q4, 2017 By the Numbers : September 8, 2017
finance.yahoo.com - September 8 at 9:33 PM
finance.yahoo.com logoArray BioPharma Seems to Be in a New Uptrend
finance.yahoo.com - September 8 at 4:29 PM
finance.yahoo.com logoPhase 3 BEACON CRC Safety Lead-In Results in BRAF-Mutant Colorectal Cancer Presented at European Society for Medical Oncology Congress
finance.yahoo.com - September 8 at 4:29 PM
finance.yahoo.com logoArray Resumes Trades After Unveiling Data In Colon Cancer Trial
finance.yahoo.com - September 8 at 4:29 PM
americanbankingnews.com logoArray BioPharma Inc. (ARRY) Receives "Buy" Rating from Cantor Fitzgerald
www.americanbankingnews.com - September 8 at 4:26 PM
fool.com logoWhat's Behind Array Biopharma Inc.'s 31% Rally in August? - Motley Fool
www.fool.com - September 6 at 9:00 PM
finance.yahoo.com logoWhat's Behind Array Biopharma Inc.'s 31% Rally in August?
finance.yahoo.com - September 6 at 9:00 PM

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Chart

Array BioPharma (ARRY) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by MarketBeat.com Staff

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