-$0.95 Earnings Per Share Expected for Heron Therapeutics Inc (NASDAQ:HRTX) This Quarter
Wall Street brokerages predict that Heron Therapeutics Inc (NASDAQ:HRTX) will post ($0.95) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Heron Therapeutics’ earnings, with the lowest EPS estimate coming in at ($1.04) and the highest estimate coming in at ($0.78). Heron Therapeutics posted earnings of ($1.17) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.8%. The business is scheduled to issue its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that Heron Therapeutics will report full-year earnings of ($3.71) per share for the current financial year, with EPS estimates ranging from ($4.15) to ($3.18). For the next year, analysts forecast that the firm will post earnings of ($2.26) per share, with EPS estimates ranging from ($3.91) to ($1.25). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Heron Therapeutics.
Heron Therapeutics (NASDAQ:HRTX) last announced its earnings results on Wednesday, May 10th. The biotechnology company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.94) by $0.06. The firm had revenue of $3.63 million during the quarter, compared to analysts’ expectations of $1.96 million. Heron Therapeutics had a negative net margin of 1,385.71% and a negative return on equity of 499.00%.
HRTX has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $29.00 price target on shares of Heron Therapeutics in a report on Monday, April 10th. Cowen and Company reiterated a “buy” rating and issued a $40.00 price target on shares of Heron Therapeutics in a report on Friday, May 26th. Noble Financial reiterated a “buy” rating on shares of Heron Therapeutics in a report on Friday, May 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $31.00 price target (up previously from $30.00) on shares of Heron Therapeutics in a report on Thursday, May 11th. Finally, Aegis reiterated a “buy” rating and issued a $33.00 price target on shares of Heron Therapeutics in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.00.
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A number of hedge funds and other institutional investors have recently made changes to their positions in HRTX. Legal & General Group Plc raised its position in shares of Heron Therapeutics by 26.6% in the second quarter. Legal & General Group Plc now owns 11,354 shares of the biotechnology company’s stock valued at $157,000 after buying an additional 2,383 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Heron Therapeutics by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 204,857 shares of the biotechnology company’s stock valued at $2,837,000 after buying an additional 14,086 shares in the last quarter. State of Wisconsin Investment Board bought a new position in shares of Heron Therapeutics during the second quarter valued at $457,000. Rubric Capital Management LP raised its position in shares of Heron Therapeutics by 6.3% in the second quarter. Rubric Capital Management LP now owns 1,700,000 shares of the biotechnology company’s stock valued at $23,545,000 after buying an additional 100,000 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Heron Therapeutics by 14.1% in the second quarter. Rhumbline Advisers now owns 50,630 shares of the biotechnology company’s stock valued at $701,000 after buying an additional 6,249 shares in the last quarter.
Shares of Heron Therapeutics (NASDAQ HRTX) remained flat at $16.15 during mid-day trading on Monday. 17,733 shares of the company were exchanged. Heron Therapeutics has a 52-week low of $12.21 and a 52-week high of $24.00. The firm has a 50-day moving average of $15.04 and a 200 day moving average of $14.44.
Heron Therapeutics Company Profile
Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.
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