Esperion Therapeutics, Inc. (ESPR) to Post Q2 2017 Earnings of ($1.38) Per Share, Jefferies Group Forecasts
Esperion Therapeutics, Inc. (NASDAQ:ESPR) – Analysts at Jefferies Group issued their Q2 2017 earnings estimates for Esperion Therapeutics in a note issued to investors on Monday. Jefferies Group analyst M. Yee forecasts that the biopharmaceutical company will earn ($1.38) per share for the quarter. Jefferies Group has a “Hold” rating and a $55.00 price target on the stock. Jefferies Group also issued estimates for Esperion Therapeutics’ Q3 2017 earnings at ($1.40) EPS, Q4 2017 earnings at ($1.42) EPS, FY2017 earnings at ($6.00) EPS and FY2018 earnings at ($5.60) EPS.
Several other brokerages have also issued reports on ESPR. Stifel Nicolaus restated a “buy” rating and set a $60.00 price target (up from $45.00) on shares of Esperion Therapeutics in a research note on Monday, June 26th. BidaskClub raised Esperion Therapeutics from a “hold” rating to a “buy” rating in a report on Sunday, June 25th. Deutsche Bank AG began coverage on shares of Esperion Therapeutics in a research report on Friday, June 23rd. They issued a “buy” rating and a $48.00 price objective for the company. Citigroup Inc. restated a “buy” rating on shares of Esperion Therapeutics in a research report on Thursday, June 22nd. Finally, ValuEngine upgraded shares of Esperion Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $36.51.
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Shares of Esperion Therapeutics (ESPR) opened at 46.34 on Thursday. The stock’s market cap is $1.05 billion. The stock has a 50 day moving average of $36.52 and a 200-day moving average of $28.03. Esperion Therapeutics has a 52 week low of $9.40 and a 52 week high of $49.69.
Esperion Therapeutics (NASDAQ:ESPR) last issued its quarterly earnings results on Monday, May 1st. The biopharmaceutical company reported ($1.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.44) by $0.36. During the same period in the previous year, the company earned ($0.65) EPS.
Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Esperion Therapeutics during the first quarter worth about $158,000. C WorldWide Group Holding A S acquired a new stake in Esperion Therapeutics during the first quarter worth $162,000. Princeton Alpha Management LP purchased a new position in shares of Esperion Therapeutics during the first quarter worth approximately $205,000. Bank of Montreal Can increased its position in shares of Esperion Therapeutics by 1,006.7% in the first quarter. Bank of Montreal Can now owns 6,596 shares of the biopharmaceutical company’s stock worth $233,000 after buying an additional 6,000 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Esperion Therapeutics by 7.1% in the first quarter. American International Group Inc. now owns 8,814 shares of the biopharmaceutical company’s stock worth $311,000 after buying an additional 584 shares in the last quarter. Institutional investors own 81.45% of the company’s stock.
Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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