-$0.44 Earnings Per Share Expected for Translate Bio Inc (TBIO) This Quarter

Baupost Group LLC MA increased its stake in Translate Bio by 237.5% in the 3rd quarter. Baupost Group LLC MA now owns 6,491,287 shares of the …

Translate Bio logoAnalysts expect Translate Bio Inc (NASDAQ:TBIO) to post ($0.44) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Translate Bio’s earnings. The business is scheduled to report its next earnings results on Thursday, June 20th.

According to Zacks, analysts expect that Translate Bio will report full year earnings of ($1.52) per share for the current year, with EPS estimates ranging from ($1.74) to ($1.30). For the next financial year, analysts anticipate that the business will report earnings of ($1.74) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Translate Bio.

Translate Bio (NASDAQ:TBIO) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.09. The company had revenue of $1.18 million during the quarter, compared to the consensus estimate of $0.80 million.

TBIO has been the topic of several recent research reports. HC Wainwright initiated coverage on Translate Bio in a research report on Monday, December 24th. They set a “buy” rating and a $21.00 price target on the stock. ValuEngine lowered Translate Bio from a “buy” rating to a “hold” rating in a research report on Friday, December 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Translate Bio has a consensus rating of “Buy” and a consensus target price of $22.75.

Shares of TBIO opened at $12.36 on Thursday. Translate Bio has a 12 month low of $4.81 and a 12 month high of $16.60. The company has a current ratio of 10.47, a quick ratio of 10.47 and a debt-to-equity ratio of 0.83. The firm has a market cap of $559.54 million and a price-to-earnings ratio of -3.40.

A number of hedge funds have recently bought and sold shares of the business. Baupost Group LLC MA increased its stake in Translate Bio by 237.5% in the 3rd quarter. Baupost Group LLC MA now owns 6,491,287 shares of the company’s stock worth $62,393,000 after buying an additional 4,568,211 shares during the period. Atlas Venture Advisors Inc. acquired a new position in Translate Bio in the fourth quarter valued at about $29,415,000. BlackRock Inc. lifted its position in Translate Bio by 130.2% in the fourth quarter. BlackRock Inc. now owns 982,405 shares of the company’s stock valued at $7,367,000 after buying an additional 555,635 shares during the last quarter. FMR LLC lifted its position in Translate Bio by 6.8% in the fourth quarter. FMR LLC now owns 6,771,313 shares of the company’s stock valued at $50,785,000 after buying an additional 433,952 shares during the last quarter. Finally, Vanguard Group Inc acquired a new position in Translate Bio in the third quarter valued at about $2,879,000. Hedge funds and other institutional investors own 59.27% of the company’s stock.

About Translate Bio

Translate Bio, Inc, a clinical-stage messenger RNA (mRNA) therapeutics company, develops medicines to treat diseases caused by protein or gene dysfunction. The company is developing MRT5005, which is in Phase I/II clinical trial for the treatment of cystic fibrosis; and MRT5201 to treat ornithine transcarbamylase deficiency.

Further Reading: Economic Reports

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BlackRock Inc. Acquires Shares of 420568 Elastic NV (ESTC)

BlackRock Inc. acquired a new stake in Elastic NV (NYSE:ESTC) during the 4th quarter, according to its most recent Form 13F filing with the Securities …

Elastic logoBlackRock Inc. acquired a new stake in Elastic NV (NYSE:ESTC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 420,568 shares of the company’s stock, valued at approximately $30,062,000. BlackRock Inc. owned 0.59% of Elastic at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Focused Wealth Management Inc acquired a new stake in shares of Elastic in the fourth quarter worth approximately $32,000. Victory Capital Management Inc. acquired a new stake in shares of Elastic in the fourth quarter worth approximately $42,000. PNC Financial Services Group Inc. acquired a new stake in shares of Elastic in the fourth quarter worth approximately $100,000. Rhumbline Advisers acquired a new stake in shares of Elastic in the fourth quarter worth approximately $470,000. Finally, Toronto Dominion Bank acquired a new stake in shares of Elastic in the fourth quarter worth approximately $1,509,000. 37.50% of the stock is currently owned by institutional investors.

In other Elastic news, CRO Aaron Katz sold 15,000 shares of Elastic stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $82.76, for a total value of $1,241,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Benchmark Capital Management C sold 111,689 shares of Elastic stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $89.06, for a total value of $9,947,022.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,881,322 shares of company stock worth $156,132,760. 51.80% of the stock is currently owned by company insiders.

Shares of Elastic stock opened at $82.86 on Thursday. Elastic NV has a one year low of $58.55 and a one year high of $100.43.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Wednesday, February 27th. The company reported ($0.29) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.08. The company had revenue of $70.80 million for the quarter, compared to analysts’ expectations of $65.77 million. The company’s revenue for the quarter was up 69.8% compared to the same quarter last year. On average, equities research analysts anticipate that Elastic NV will post -1.78 earnings per share for the current year.

A number of brokerages have recently issued reports on ESTC. Goldman Sachs Group lowered Elastic from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $78.00 to $90.00 in a research note on Thursday, February 7th. Royal Bank of Canada lowered Elastic from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 7th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $120.00 price target (up from $100.00) on shares of Elastic in a research note on Thursday, February 28th. Citigroup lifted their price target on Elastic from $82.00 to $97.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Barclays reaffirmed a “buy” rating and issued a $107.00 price target on shares of Elastic in a research note on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $90.27.

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About Elastic

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.

See Also: Conference Calls

Want to see what other hedge funds are holding ESTC?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elastic NV (NYSE:ESTC).

Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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Q1 2019 EPS Estimates for BlackRock, Inc. Raised by Analyst (BLK)

BlackRock, Inc. (NYSE:BLK) – Stock analysts at Jefferies Financial Group upped their Q1 2019 earnings per share estimates for BlackRock in a report …

BlackRock logo

BlackRock, Inc. (NYSE:BLK) – Stock analysts at Jefferies Financial Group upped their Q1 2019 earnings per share estimates for BlackRock in a report issued on Monday, April 8th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $6.17 per share for the quarter, up from their previous estimate of $5.98. Jefferies Financial Group has a “Buy” rating and a $405.36 price objective on the stock. Jefferies Financial Group also issued estimates for BlackRock’s Q2 2019 earnings at $6.89 EPS, Q3 2019 earnings at $7.08 EPS, Q4 2019 earnings at $7.14 EPS, FY2019 earnings at $27.28 EPS and FY2020 earnings at $30.06 EPS.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 16th. The asset manager reported $6.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.35 by ($0.27). BlackRock had a net margin of 30.32% and a return on equity of 13.51%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm posted $6.24 earnings per share. BlackRock’s revenue for the quarter was down 8.8% compared to the same quarter last year.

A number of other equities analysts also recently weighed in on BLK. Citigroup reduced their price target on BlackRock from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Zacks Investment Research reissued a “sell” rating on shares of BlackRock in a report on Monday, December 31st. Morgan Stanley cut their price objective on BlackRock from $514.00 to $489.00 and set an “overweight” rating for the company in a report on Friday, January 4th. Wells Fargo & Co reissued a “hold” rating and issued a $410.00 price objective (down previously from $440.00) on shares of BlackRock in a report on Tuesday, January 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $472.00 price target on shares of BlackRock in a research note on Wednesday, January 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $497.95.

NYSE:BLK opened at $442.76 on Thursday. BlackRock has a twelve month low of $360.79 and a twelve month high of $557.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.70 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were paid a $3.30 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $3.13. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Tuesday, March 5th. BlackRock’s dividend payout ratio is currently 49.02%.

In other BlackRock news, insider J. Richard Kushel sold 3,077 shares of the company’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $409.29, for a total value of $1,259,385.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Mccombe sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $417.04, for a total value of $1,251,120.00. Following the completion of the transaction, the insider now owns 30,543 shares in the company, valued at $12,737,652.72. The disclosure for this sale can be found here. Insiders sold a total of 138,650 shares of company stock worth $57,774,089 over the last 90 days. Corporate insiders own 1.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLK. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of BlackRock by 4.5% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 30,188 shares of the asset manager’s stock worth $12,901,000 after purchasing an additional 1,303 shares in the last quarter. Old North State Trust LLC boosted its holdings in shares of BlackRock by 132.5% in the 1st quarter. Old North State Trust LLC now owns 293 shares of the asset manager’s stock worth $125,000 after purchasing an additional 167 shares in the last quarter. Trust Co. of Oklahoma boosted its holdings in shares of BlackRock by 2.5% in the 1st quarter. Trust Co. of Oklahoma now owns 2,438 shares of the asset manager’s stock worth $1,042,000 after purchasing an additional 60 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of BlackRock in the 1st quarter worth about $4,300,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of BlackRock by 2,365.5% in the 1st quarter. North Star Investment Management Corp. now owns 1,430 shares of the asset manager’s stock worth $611,000 after purchasing an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Further Reading: How is diluted EPS different from basic EPS?

Earnings History and Estimates for BlackRock (NYSE:BLK)

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Adjusting climate risk, housing rehab in Mexico, affordable housing for teachers, rural-revival …

Now it has closed $7.5 million in Series A financing from venture capital firm Initialized Capital. Since launching in 2015, Landed says it has helped …

Greetings, Agents of Impact!

Signals: Ahead of the Curve

Risk, adjusted: BlackRock and Mercer signal the repricing of climate risk. Investors’ portfolios may get a jolt from a sudden “repricing event” that recalibrates the risks of climate change, according to a new report from Mercer. In a sequel to “Investing in a Time of Climate Change,” the global consultancy suggests the market isn’t fully pricing the “physical risks” of climate, from floods, hurricanes, rising seas, crop failures and more. That, in turn, has caused mispricing of climate-related “transition risks,” such as new regulatory and other mandates that strand or devalue assets like coal and pipelines. Such transition risks may have gone down in recent years as prospects for meaningful global climate mobilization have faded. The longer policymakers and companies delay, however, the more rapid the low-carbon transition will need to be. Possible triggers include physical damages, policy action or shifts in market sentiment. Even long-term impacts that seem small on an annual basis can get repriced quickly on a net-present value basis. “In reality, sudden changes in return impacts are more likely than neat, annual averages,” Mercer advises.

  • Mispriced risks. BlackRock, the world’s largest asset manager, drilled into municipal bonds, commercial real estate and U.S. utility stocks in a deep-dive study of physical climate risks. The report, “Getting Physical,” suggests vulnerable cities could see their economies sag, raising risks for municipal bonds. Securities backed by commercial real estate face losses as properties are hard hit by floods and storms. Shares of the most climate-resilient utilities already trade at a premium to climate-vulnerable utilities. Such vulnerabilities were exposed in January when PG&E filed for bankruptcy after devastating California wildfires. Investors still are discounting risks already lurking in their portfolios, BlackRock suggests.
  • Imperative and opportunity. Keeping global temperature rise well below the 2⁰ Celsius limit called for in the Paris agreement “is most likely to provide the economic and investment environment necessary to pay pensions, endowment grants and insurance claims over the timeframes required by beneficiaries,” Mercer’s Deb Clark writes. That is, nearly all asset classes and regions do better under a 2⁰ scenario versus 3⁰ or 4⁰. Perhaps even more compelling are the investment opportunities in mitigation and adaptation that represent what Mercer calls a “low-carbon transition premium.”
  • Sign of the times. Big food companies urged the U.S. Congress to adopt climate policies to reduce carbon emissions. “Climate change impacts our companies, and we have a business imperative to reduce emissions,” wroteDanone, Mars, Nestlé, Unilever and other companies in the Sustainable Food Policy Alliance. One proposal: Establish a carbon pricing system. Also on the list: clean energy deployment, resilient infrastructure and investing in U.S. workers and communities most impacted by the costs of climate change. “We know that the farmers in our supply chains are shouldering the burden of adapting to increasingly severe and volatile weather as a result of climate change.”
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Dealflow: Follow the Money

Adobe Capital and IGNIA exit Mexican home rehab startup Provive… Provive acquires abandoned homes in Mexico and fixes them up, then helps families secure financing to buy them. Attracted to the Tijuana-based company’s model for community regeneration, IGNIA invested MX$44 million ($3.3 million) in Provive in 2011 from its first fund. Adobe Capital invested four years ago via its Social Mezzanine Fund I. Adobe exited, and IGNIA partially exited, their investments following Provive’s debt financing from an unnamed international bank. Adobe’s Rodrigo Villar told ImpactAlpha that Provive restored more than 6,600 homes for 30,000 individuals, and quintupled its revenues over the course of Adobe’s investment. “Provive has proven to be a highly successful company in the field of urban regeneration of low-income communities,” said IGNIA’s Fabrice Serfati. Read on.

…while Landed scores $7.5 million to help teachers buy homes. The housing finance startup raised $5 million last year from the Chan Zuckerberg Initiative to help teachers buy homes in the high-priced Bay Area communities where they teach. Now it has closed $7.5 million in Series A financing from venture capital firm Initialized Capital. Since launching in 2015, Landed says it has helped educators in San Francisco, Denver, Los Angeles, San Diego and Seattle buy homes collectively worth more than $100 million. Landed fronts 10% of buyers’ down payments. Teachers put up another 10% – and offer Landed one-quarter of the profits if and when they sell. Landed is expanding into higher education as well. Here’s more.

Signals: Ahead of the Curve

The rural revival is investable. Rural-lens investors are putting money into agribusiness venture capital funds, municipal bond funds that raise money for rural counties, community development finance institutions that fund health care services in rural communities and more. “Investing to revitalize rural America,” a new brief from Cornerstone Capital, highlights investable rural opportunities across asset classes that can direct capital to rural job and business creation, infrastructure development and healthcare opportunities. A big one: Broadband infrastructure. Online public finance platform Neighborlyrecently launched the ‘Broadband Opportunity Fund’ to accelerate the deployment of fiber broadband networks in rural Opportunity Zones. More.

  • Rural dealflow: Bain Capital’s Double Impact fund acquires tech employer Rural Sourcing.

Kresge seeks inclusion alpha with pledge to invest 25% by ‘25. The Troy, Mich.-based foundation committed to invest one-quarter of its U.S. assets in female- and diverse-owned managers by 2025. Diverse money managers demonstrate equal or better performance than their peers but manage just 1.1% of $71 trillion global assets under management. “We believe that diversity of thought, background and beliefs leads to better investment decisions and returns,” said Kresge’s Robert Manilla. “Our efforts to diversify our investment managers is not only the right thing to do, it’s the smart way to work.” More.

Agents of Impact: Follow the Talent

Pam Kostkais the new CEO at All Raise, which advocates for women founders and funders… Impact Finance Centerseeks applicants for impact investing fellowships… Acumen Americais looking for a senior associate in San Francisco… Edtech startup Kinvolvedis hiring in New York.

April 11, 2019.

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Citigroup Inc. Has $44000 Position in BlackRock Enhanced Dividend Achievers Tr (BDJ)

Citigroup Inc. lessened its position in shares of BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ) by 72.9% during the 4th quarter, according to …

BlackRock Enhanced Dividend Achievers Tr logoCitigroup Inc. lessened its position in shares of BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ) by 72.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,658 shares of the investment management company’s stock after selling 15,233 shares during the quarter. Citigroup Inc.’s holdings in BlackRock Enhanced Dividend Achievers Tr were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BDJ. Shaker Financial Services LLC grew its position in BlackRock Enhanced Dividend Achievers Tr by 1,898.6% during the fourth quarter. Shaker Financial Services LLC now owns 565,886 shares of the investment management company’s stock valued at $4,397,000 after buying an additional 537,572 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in BlackRock Enhanced Dividend Achievers Tr by 14.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,496,571 shares of the investment management company’s stock valued at $19,398,000 after purchasing an additional 322,187 shares in the last quarter. CWM LLC purchased a new position in BlackRock Enhanced Dividend Achievers Tr during the fourth quarter valued at $2,296,000. Ashford Capital Management Inc. purchased a new position in BlackRock Enhanced Dividend Achievers Tr during the third quarter valued at $2,788,000. Finally, Shulman DeMeo Asset Management LLC purchased a new position in BlackRock Enhanced Dividend Achievers Tr during the fourth quarter valued at $1,467,000.

BDJ opened at $8.75 on Thursday. BlackRock Enhanced Dividend Achievers Tr has a 52-week low of $7.23 and a 52-week high of $9.58.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 6.40%. The ex-dividend date is Friday, April 12th.

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BlackRock Enhanced Dividend Achievers Tr Profile

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.

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Institutional Ownership by Quarter for BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ)

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