<div id="readability-page-1"><p>Neurocrine Biosciences (NASDAQ:NBIX - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.62), Zacks reports. Neurocrine Biosciences had a return on equity of 13.38% and a net margin of 14.49%.</p><div><p><span></span><span>Get <strong>Neurocrine Biosciences</strong> alerts:</span></p></div><h2>Neurocrine Biosciences Stock Performance</h2><ul><li>Bristol Myers Squibb’s big buys: $18.1 billion in 2 biotech deals</li></ul><p>NBIX stock traded up $0.07 during mid-day trading on Monday, reaching $109.75. The company had a trading volume of 1,819,828 shares, compared to its average volume of 1,075,980. The firm has a fifty day simple moving average of $106.19 and a 200 day simple moving average of $121.88. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 0.77 and a beta of 0.33. Neurocrine Biosciences has a fifty-two week low of $84.23 and a fifty-two week high of $157.98. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of research firms have recently issued reports on NBIX. Canaccord Genuity Group lowered their price objective on shares of Neurocrine Biosciences from $163.00 to $158.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, April 28th. UBS Group lowered their price objective on Neurocrine Biosciences from $154.00 to $137.00 and set a &#34;buy&#34; rating on the stock in a research report on Friday, April 4th. Wedbush reduced their target price on Neurocrine Biosciences from $157.00 to $147.00 and set an &#34;outperform&#34; rating on the stock in a report on Friday, February 7th. Needham &amp; Company LLC upgraded Neurocrine Biosciences from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $138.00 price objective for the company in a research report on Tuesday, April 15th. Finally, Bank of America dropped their price target on Neurocrine Biosciences from $184.00 to $179.00 and set a &#34;buy&#34; rating for the company in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $160.90.</p><ul><li>Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report?</li></ul><p><b>Check Out Our Latest Stock Report on Neurocrine Biosciences</b></p><h2>Insider Buying and Selling</h2><p>In other news, Director Kevin Charles Gorman sold 5,844 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $116.69, for a total value of $681,936.36. Following the completion of the sale, the director now owns 521,618 shares in the company, valued at approximately $60,867,604.42. This trade represents a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Cooke sold 1,551 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $116.78, for a total transaction of $181,125.78. Following the completion of the transaction, the insider now owns 19,544 shares of the company's stock, valued at $2,282,348.32. This represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,907 shares of company stock worth $1,629,982. Corporate insiders own  4.30% of the company's stock. </p><p>Neurocrine Biosciences announced that its Board of Directors has initiated a stock buyback program on Friday, February 21st that allows the company to buyback $500.00 million in  outstanding  shares. This buyback authorization allows the company to buy up to 4.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued. </p><h2>About Neurocrine Biosciences</h2> (Get Free Report)<p>Neurocrine Biosciences, Inc discovers, develops, and markets pharmaceuticals for neurological, neuroendocrine, and neuropsychiatric disorders in the United States and internationally. The company's products include INGREZZA for tardive dyskinesia and chorea associated with Huntington's disease; ALKINDI for adrenal insufficiency; Efmody capsules for classic congenital adrenal hyperplasia; Orilissa tablets for endometriosis; and Oriahnn capsules to treat uterine fibroids.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Neurocrine Biosciences</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Monster Beverage Stock: Short Report Risks vs Upside Potential</li><li>Using the MarketBeat Dividend Tax Calculator</li><li>Onsemi Stock Confirms Bottom, But What’s the Upside?</li><li>What is an Earnings Surprise?  </li><li>3 Tech Leaders Announce Buybacks Totaling $85 Billion</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TkJJWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TkJJWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Neurocrine Biosciences Right Now?</h2><p>Before you consider Neurocrine Biosciences, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Neurocrine Biosciences wasn't on the list.</p><p>While Neurocrine Biosciences currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

NBIX

<p>Neurocrine Biosciences (NASDAQ:NBIX) reported quarterly earnings of $0.08 EPS, missing the consensus estimate of $0.70 by $0.62. The company has a net margin of 14.49% and a return on equity of 13.38%. Despite the earnings miss, NBIX stock rose by $0.07 to $109.75. Analysts have mixed ratings, with a consensus rating of "Moderate Buy" and a target price of $160.90. The company also initiated a $500 million stock buyback program, indicating confidence in its stock value.</p>

Neurocrine Biosciences (NASDAQ:NBIX) Issues Earnings Results