Tetraphase Pharmaceuticals, Inc. (TTPH) Expected to Announce Quarterly Sales of $1.69 Million
Wall Street analysts expect Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) to announce sales of $1.69 million for the current quarter, according to Zacks. Two analysts have provided estimates for Tetraphase Pharmaceuticals’ earnings, with the highest sales estimate coming in at $1.88 million and the lowest estimate coming in at $1.50 million. Tetraphase Pharmaceuticals posted sales of $1.24 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 36.3%. The company is expected to issue its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Tetraphase Pharmaceuticals will report full-year sales of $1.69 million for the current financial year, with estimates ranging from $6.00 million to $7.11 million. For the next financial year, analysts forecast that the company will post sales of $5.84 million per share, with estimates ranging from $5.00 million to $7.51 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Tetraphase Pharmaceuticals.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last announced its earnings results on Tuesday, May 2nd. The biopharmaceutical company reported ($0.79) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by $0.19. Tetraphase Pharmaceuticals had a negative return on equity of 60.55% and a negative net margin of 1,932.24%. The business had revenue of $1.48 million for the quarter, compared to the consensus estimate of $1.46 million. During the same period in the prior year, the business posted ($0.46) earnings per share. The firm’s revenue for the quarter was down 24.5% compared to the same quarter last year.
Several analysts have issued reports on TTPH shares. Stifel Nicolaus increased their target price on shares of Tetraphase Pharmaceuticals from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, March 9th. BMO Capital Markets upgraded shares of Tetraphase Pharmaceuticals from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $6.00 to $10.00 in a research note on Friday, March 10th. Finally, Zacks Investment Research cut shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th.
Tetraphase Pharmaceuticals (TTPH) opened at 7.59 on Wednesday. Tetraphase Pharmaceuticals has a one year low of $3.11 and a one year high of $9.93. The stock’s 50 day moving average is $7.44 and its 200 day moving average is $6.29. The company’s market capitalization is $288.09 million.
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Tetraphase Pharmaceuticals during the fourth quarter valued at about $156,000. Federated Investors Inc. PA boosted its stake in Tetraphase Pharmaceuticals by 1.0% in the fourth quarter. Federated Investors Inc. PA now owns 130,809 shares of the biopharmaceutical company’s stock valued at $527,000 after buying an additional 1,326 shares in the last quarter. State Street Corp boosted its stake in Tetraphase Pharmaceuticals by 1.6% in the fourth quarter. State Street Corp now owns 710,982 shares of the biopharmaceutical company’s stock valued at $2,864,000 after buying an additional 11,391 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Tetraphase Pharmaceuticals by 90.2% in the fourth quarter. GSA Capital Partners LLP now owns 33,600 shares of the biopharmaceutical company’s stock valued at $135,000 after buying an additional 15,931 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Tetraphase Pharmaceuticals by 580.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 226,222 shares of the biopharmaceutical company’s stock valued at $912,000 after buying an additional 192,972 shares in the last quarter. Institutional investors and hedge funds own 49.57% of the company’s stock.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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