Versartis, Inc. (VSAR) to Release Quarterly Earnings on Wednesday
Versartis, Inc. (NASDAQ:VSAR) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 26th. Analysts expect Versartis to post earnings of ($0.84) per share for the quarter.
Versartis (NASDAQ:VSAR) last posted its earnings results on Thursday, April 27th. The biopharmaceutical company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by $0.14. On average, analysts expect Versartis to post $-2.94 EPS for the current fiscal year and $-2.91 EPS for the next fiscal year.
Shares of Versartis, Inc. (NASDAQ VSAR) opened at 17.50 on Wednesday. The firm’s 50 day moving average price is $16.93 and its 200 day moving average price is $17.70. The stock’s market cap is $616.14 million. Versartis, Inc. has a 52-week low of $9.05 and a 52-week high of $24.00.
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Versartis from a “buy” rating to a “hold” rating in a research note on Sunday. Canaccord Genuity set a $28.00 price target on shares of Versartis and gave the stock a “buy” rating in a research note on Sunday, May 28th. Zacks Investment Research upgraded shares of Versartis from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Piper Jaffray Companies set a $26.00 price target on shares of Versartis and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Versartis from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.13.
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Versartis, Inc is an endocrine-focused biopharmaceutical company. The Company is engaged in developing a long-acting form of recombinant human growth hormone, somavaratan (VRS-317), for growth hormone deficiency (GHD), an orphan disease. The Company’s first indication for somavaratan is pediatric GHD.
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