Wall Street analysts expect INC Research Holdings Inc (NASDAQ:INCR) to report earnings per share (EPS) of $0.59 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for INC Research’s earnings, with estimates ranging from $0.55 to $0.74. INC Research posted earnings per share of $0.67 in the same quarter last year, which would indicate a negative year over year growth rate of 11.9%. The company is scheduled to report its next earnings results on Tuesday, February 27th.

On average, analysts expect that INC Research will report full-year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.14 to $2.60. For the next financial year, analysts forecast that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $2.37 to $3.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for INC Research.

INC Research (NASDAQ:INCR) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.09). INC Research had a negative net margin of 4.29% and a positive return on equity of 14.42%. The business had revenue of $592.21 million during the quarter, compared to analyst estimates of $604.95 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 128.2% compared to the same quarter last year.

A number of research analysts recently weighed in on INCR shares. KeyCorp reaffirmed a “market perform” rating and set a $46.00 price target (down from $68.00) on shares of INC Research in a research note on Monday, November 13th. Robert W. Baird downgraded INC Research to an “outperform” rating and dropped their price target for the stock from $67.00 to $46.00 in a research note on Friday, November 10th. Mizuho set a $41.00 price target on INC Research and gave the stock a “neutral” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded INC Research from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 16th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $55.00 price target on shares of INC Research in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. INC Research has an average rating of “Buy” and a consensus price target of $50.78.

INC Research (INCR) traded down $0.80 during mid-day trading on Monday, reaching $40.50. The company had a trading volume of 1,480,000 shares, compared to its average volume of 1,380,000. INC Research has a fifty-two week low of $33.60 and a fifty-two week high of $61.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.99. The firm has a market cap of $4,230.00, a P/E ratio of -71.05, a P/E/G ratio of 1.27 and a beta of 1.09.

Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of INC Research by 14.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock worth $103,000 after purchasing an additional 228 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of INC Research by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock worth $139,000 after purchasing an additional 356 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of INC Research by 4.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 20,946 shares of the company’s stock worth $1,095,000 after purchasing an additional 986 shares during the last quarter. Comerica Bank raised its stake in shares of INC Research by 3.1% in the third quarter. Comerica Bank now owns 43,790 shares of the company’s stock worth $2,483,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of INC Research by 5.6% in the third quarter. Strs Ohio now owns 26,600 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,400 shares during the last quarter. 99.50% of the stock is owned by hedge funds and other institutional investors.

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About INC Research

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

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