Tokai Pharmaceuticals, Inc. (NVUS) Expected to Announce Earnings of -$2.70 Per Share
Wall Street analysts predict that Tokai Pharmaceuticals, Inc. (NASDAQ:NVUS) will report earnings per share of ($2.70) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Tokai Pharmaceuticals’ earnings. Tokai Pharmaceuticals posted earnings per share of ($4.59) in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.2%. The firm is scheduled to report its next earnings report on Tuesday, June 20th.
According to Zacks, analysts expect that Tokai Pharmaceuticals will report full year earnings of ($6.98) per share for the current financial year, with EPS estimates ranging from ($10.00) to ($3.96). For the next financial year, analysts expect that the company will post earnings of ($3.51) per share. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Tokai Pharmaceuticals.
Separately, Zacks Investment Research lowered Tokai Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $1.08.
In other Tokai Pharmaceuticals news, insider Catherine C. Turkel bought 11,111 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $110,998.89. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory J. Flesher acquired 58,959 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average price of $9.99 per share, for a total transaction of $589,000.41. The disclosure for this purchase can be found here. 39.90% of the stock is owned by company insiders.
Shares of Tokai Pharmaceuticals (NASDAQ NVUS) opened at 5.50 on Monday. The company has a 50 day moving average price of $5.40 and a 200 day moving average price of $7.42. Tokai Pharmaceuticals has a one year low of $4.52 and a one year high of $61.04.
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Tokai Pharmaceuticals Company Profile
Novus Therapeutics, Inc, formerly Tokai Pharmaceuticals, Inc, is a pharmaceutical company. The Company is focused on the acquisition, development, and commercialization of ear, nose, and throat products. It has two platforms: OP-01 Foam Platform and OP-02 Surfactant Program. OP-01 is developed with the intent to be used as a delivery vehicle for drugs treating ears, as well as the nasal and sinus cavities.
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