Myovant Sciences (MYOV) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Myovant Sciences (NYSE:MYOV) announced its earnings results on Thursday. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($0.06), Fidelity Earnings reports.

MYOV stock traded down $2.17 on Friday, reaching $19.12. 4,115 shares of the company traded hands, compared to its average volume of 60,154. Myovant Sciences has a one year low of $11.30 and a one year high of $27.45. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.56 billion, a PE ratio of -7.90 and a beta of 0.12.

Several research analysts have recently issued reports on MYOV shares. Zacks Investment Research raised Myovant Sciences from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Goldman Sachs Group started coverage on Myovant Sciences in a research report on Friday, October 26th. They issued a “neutral” rating and a $25.00 target price for the company. JPMorgan Chase & Co. started coverage on Myovant Sciences in a research report on Thursday, September 13th. They issued an “overweight” rating and a $39.00 target price for the company. Finally, Cowen reissued a “buy” rating on shares of Myovant Sciences in a research report on Friday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Myovant Sciences currently has an average rating of “Buy” and a consensus price target of $29.20.

In related news, Director Mark Altmeyer acquired 3,500 shares of Myovant Sciences stock in a transaction that occurred on Saturday, November 17th. The stock was bought at an average price of $13.38 per share, with a total value of $46,830.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $46,830. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.

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Myovant Sciences Company Profile

Myovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on developing and commercializing therapies for women's health and endocrine diseases. The company's lead product is relugolix, an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone receptor antagonist for the treatment of heavy menstrual bleeding related with uterine fibroids, endometriosis-associated pain, and advanced prostate cancer.

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Earnings History for Myovant Sciences (NYSE:MYOV)

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