Myriad Genetics (NASDAQ:MYGN) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.74-1.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71. The company issued revenue guidance of $856-856 million, compared to the consensus revenue estimate of $861.41 million.Myriad Genetics also updated its FY19 guidance to $1.74 EPS.
Shares of NASDAQ:MYGN opened at $24.77 on Friday. The company has a current ratio of 3.15, a quick ratio of 2.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.78 billion, a PE ratio of 20.64, a PEG ratio of 1.41 and a beta of 0.55. Myriad Genetics has a 1 year low of $23.08 and a 1 year high of $50.44.
Myriad Genetics (NASDAQ:MYGN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). The firm had revenue of $216.60 million during the quarter, compared to analyst estimates of $217.76 million. Myriad Genetics had a return on equity of 9.82% and a net margin of 2.62%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. Research analysts anticipate that Myriad Genetics will post 1.44 EPS for the current fiscal year.
In other news, insider Ralph L. Mcdade sold 1,975 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.00, for a total value of $61,225.00. Following the transaction, the insider now owns 122,604 shares of the company’s stock, valued at approximately $3,800,724. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.80% of the company’s stock.
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About Myriad Genetics
Myriad Genetics, Inc, a molecular diagnostic company, focuses on developing and marketing novel predictive medicine, personalized medicine, and prognostic medicine tests worldwide. The company offers molecular diagnostic tests, including myRisk Hereditary Cancer, a DNA sequencing test for hereditary cancers; BRACAnalysis, a DNA sequencing test to assess the risk of developing breast and ovarian cancer; BRACAnalysis CDx, a DNA sequencing test for use as a companion diagnostic with the platinum based chemotherapy agents and poly ADP ribose inhibitor Lynparza; riskScore, a clinically validated personalized medicine tool; GeneSight, a DNA genotyping test to optimize psychotropic drug selection for neuroscience patients; and Tumor BRACAnalysis CDx, a DNA sequencing test that is designed to be utilized to predict response to DNA damaging agents.
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