Research Analysts Set Fiscal 2026 Earnings Expectations for Ionis Pharmaceuticals, Inc. (NASDAQ: IONS)
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS – Get a rating) – Equity research analysts at Jefferies Financial Group released their fiscal 2026 earnings per share estimates for Ionis Pharmaceuticals in a report released Thursday, February 24. Jefferies Financial Group analyst E. Yang expects the company to post earnings per share of ($2.60) for the year.
Several other research companies have also published reports on IONS. SVB Leerink cut its target price on Ionis Pharmaceuticals from $34.00 to $29.00 and set a “market performance” rating on the stock in a research note on Friday. William Blair upgraded Ionis Pharmaceuticals from a “market performer” rating to an “outperformer” rating in a Tuesday, Dec. 14 research note. BMO Capital Markets took over coverage from Ionis Pharmaceuticals in a Friday, Dec. 10 research note. They issued a “buy” rating and a target price of $65.00 on the stock. Bank of America downgraded Ionis Pharmaceuticals from a “buy” rating to an “underperform” rating and reduced its target price for the company from $40.00 to $30.00 in a Tuesday, Feb. 1 research note . Finally, Needham & Company LLC lowered its price target on Ionis Pharmaceuticals from $84.00 to $60.00 and set a “buy” rating on the stock in a Thursday, November 4 research note. Two equity research analysts gave the stock a sell rating, five issued a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.05.
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IONS stock opened at $31.78 on Monday. The company has a debt ratio of 2.34, a current ratio of 7.71 and a quick ratio of 7.62. The company has a 50-day moving average price of $31.72 and a 200-day moving average price of $33.13. The company has a market capitalization of $4.49 billion, a P/E ratio of -83.63 and a beta of 0.88. Ionis Pharmaceuticals has a 1-year low of $25.04 and a 1-year high of $56.01. Ionis Pharmaceuticals (NASDAQ: IONS – Get a rating) last released its quarterly earnings data on Thursday, February 24. The company reported earnings per share of $1.41 for the quarter, beating the consensus estimate of $0.80 by $0.61. The company posted revenue of $440.00 million in the quarter, versus a consensus estimate of $284.08 million. Ionis Pharmaceuticals posted a negative return on equity of 4.68% and a negative net margin of 3.45%. The company’s quarterly revenue increased 51.7% year over year. In the same period a year earlier, the company posted ($2.44) earnings per share.
Major investors have recently changed their positions in the company. Amalgamated Bank increased its stake in Ionis Pharmaceuticals by 37.0% in the second quarter. Amalgamated Bank now owns 26,933 shares of the company valued at $1,074,000 after acquiring an additional 7,267 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ionis Pharmaceuticals by 2.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 713,960 shares of the company valued at $28,480,000 after acquiring an additional 17,464 shares during the period. Marshall Wace LLP acquired a new position in Ionis Pharmaceuticals in the second quarter valued at approximately $7,054,000. Kennedy Capital Management Inc. increased its stake in the shares of Ionis Pharmaceuticals by 4.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 8,329 shares of the company worth $332,000 after purchasing 321 additional shares during the period. Finally, Candriam Luxembourg SCA increased its stake in Ionis Pharmaceuticals shares by 31.5% during the 3rd quarter. Candriam Luxembourg SCA now owns 726,359 shares of the company worth $24,361,000 after purchasing an additional 173,793 shares during the period. 83.97% of the shares are held by institutional investors.
About Ionis Pharmaceuticals (Get a rating)
Ionis Pharmaceuticals, Inc. engages in the development and commercialization of human therapeutic drugs using antisense technology. It operates through Ionis Core and Akcea Therapeutics segments. The Ionis Core segment leverages a novel drug discovery platform to generate a drug pipeline. The Akcea Therapeutics segment develops and markets drugs for cardiometabolic diseases.
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