Brokers expect Bicycle Therapeutics plc (NASDAQ:BCYC – Get Rating) to report earnings per share (EPS) of ($0.82) for the current quarter, according to Zacks Investment Research. Eight analysts have made earnings estimates for Bicycle Therapeutics, with estimates ranging from ($1.15) to ($0.67). Bicycle Therapeutics reported earnings per share of ($0.74) in the same quarter last year, which would indicate a negative 10.8% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1.

On average, analysts expect Bicycle Therapeutics to report annual earnings of $3.51 per share for the current fiscal year, with EPS estimates ranging from $5.14 to $2.77. For the next fiscal year, analysts expect the company to post earnings of ($4.09) per share, with EPS estimates ranging from ($6.19) to ($2.95). Zacks EPS calculations are an average average based on a survey of analysts who provide coverage for Bicycle Therapeutics.

Bicycle Therapeutics (NASDAQ:BCYC – Get Rating) last released its quarterly results on Thursday, May 5. The company reported ($0.93) earnings per share for the quarter, missing analyst consensus estimates of ($0.68) by ($0.25). Bicycle Therapeutics had a negative return on equity of 31.61% and a negative net margin of 568.71%.

Several research analysts commented on BCYC’s actions. Needham & Company LLC lowered its price target on Bicycle Therapeutics from $85.00 to $75.00 and set a “buy” rating on the stock in a Tuesday, April 12 research report. Cantor Fitzgerald assumed coverage for Bicycle Therapeutics in a research report on Thursday, April 7. They issued an “overweight” rating and $80.00 price target on the stock. JMP Securities lowered its price target on Bicycle Therapeutics from $85.00 to $70.00 and set a “market outperformance” rating on the stock in a Thursday, March 3 research report. Morgan Stanley began coverage of Bicycle Therapeutics in a research note on Monday, February 14. They issued an “equal weight” rating and $60.00 price target on the stock. Finally, Zacks Investment Research upgraded Bicycle Therapeutics from a “sell” rating to a “hold” rating in a Monday, May 9 research note. Three analysts have rated the stock with a hold rating and nine have issued a buy rating for the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $65.08.

Shares of Bicycle Therapeutics opened at $18.28 on Wednesday. The company has a market capitalization of $542.00 million, a price-earnings ratio of -6.33 and a beta of 0.56. The company has a debt ratio of 0.09, a current ratio of 12.14 and a quick ratio of 12.14. Bicycle Therapeutics has a 52-week low of $16.08 and a 52-week high of $62.08. The stock has a 50-day simple moving average of $31.76 and a 200-day simple moving average of $45.01.

Several hedge funds have recently increased or reduced their stakes in the company. Tybourne Capital Management HK Ltd. increased its stake in Bicycle Therapeutics by 4.9% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 2,053,804 shares of the company valued at $125,015,000 after purchasing an additional 95,843 shares in the last quarter. Deep Track Capital LP increased its position in shares of Bicycle Therapeutics by 68.7% during the first quarter. Deep Track Capital LP now owns 1,855,993 shares of the company worth $81,441,000 after acquiring an additional 755,993 shares in the last quarter. RTW Investments LP increased its position in shares of Bicycle Therapeutics by 46.8% during the first quarter. RTW Investments LP now owns 1,276,276 shares of the company worth $56,003,000 after acquiring an additional 407,005 shares last quarter. Eventide Asset Management LLC increased its position in shares of Bicycle Therapeutics by 8.6% during the fourth quarter. Eventide Asset Management LLC now owns 1,263,471 shares of the company worth $76,907,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Loomis Sayles & Co. LP increased its position in shares of Bicycle Therapeutics by 12.9% during the first quarter. Loomis Sayles & Co. LP now owns 643,775 shares of the company worth $28,249,000 after acquiring an additional 73,728 shares last quarter. 71.99% of the shares are held by institutional investors.

About Bicycle Therapeutics (Get an evaluation)

Bicycle Therapeutics plc, a clinical-stage biopharmaceutical company, is developing a class of drugs for diseases underserved by existing therapeutics. Its lead product candidate is BT1718, a bicycle toxin (BTC) conjugate, which is in Phase I/IIa clinical trials targeting tumors that express membrane matrix metalloprotease type 1.

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