Senomyx, Inc. (NASDAQ:SNMX) Posts Earnings Results, Beats Expectations By $0.01 EPS
Senomyx, Inc. (NASDAQ:SNMX) posted its quarterly earnings data on Thursday. The specialty chemicals company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01, Bloomberg Earnings reports. Senomyx had a negative return on equity of 73.19% and a negative net margin of 55.06%. The firm had revenue of $4.87 million during the quarter, compared to analysts’ expectations of $4.60 million. During the same quarter last year, the firm earned ($0.05) EPS. The business’s quarterly revenue was down 25.8% on a year-over-year basis.
Senomyx (SNMX) traded up 0.0128% during mid-day trading on Thursday, hitting $0.7801. The stock had a trading volume of 100,097 shares. The company has a 50 day moving average price of $0.84 and a 200-day moving average price of $0.97. Senomyx has a one year low of $0.76 and a one year high of $4.85. The company’s market cap is $37.07 million.
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Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Senomyx from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. Roth Capital set a $2.00 target price on Senomyx and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Finally, ValuEngine cut Senomyx from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $2.67.
Senomyx Company Profile
Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.
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