Analysts Anticipate Tetraphase Pharmaceuticals, Inc. (TTPH) Will Post Quarterly Sales of $1.46 Million
Wall Street analysts expect that Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) will post $1.46 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Tetraphase Pharmaceuticals’ earnings. The highest sales estimate is $1.88 million and the lowest is $1.00 million. Tetraphase Pharmaceuticals posted sales of $850,000.00 during the same quarter last year, which indicates a positive year over year growth rate of 71.8%. The business is expected to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Tetraphase Pharmaceuticals will report full year sales of $1.46 million for the current year, with estimates ranging from $4.99 million to $7.11 million. For the next financial year, analysts anticipate that the firm will post sales of $5.29 million per share, with estimates ranging from $3.00 million to $8.16 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Tetraphase Pharmaceuticals.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last issued its quarterly earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by $0.07. Tetraphase Pharmaceuticals had a negative net margin of 2,092.20% and a negative return on equity of 79.79%. The business had revenue of $1.59 million during the quarter, compared to the consensus estimate of $1.54 million. During the same quarter in the previous year, the business posted ($0.47) EPS. The company’s revenue for the quarter was up 28.2% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Tetraphase Pharmaceuticals in a report on Thursday, July 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $13.00 price target (up previously from $12.00) on shares of Tetraphase Pharmaceuticals in a report on Wednesday, July 26th. Stifel Nicolaus raised shares of Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and upped their price target for the stock from $8.00 to $15.00 in a report on Wednesday, July 26th. HC Wainwright assumed coverage on shares of Tetraphase Pharmaceuticals in a report on Tuesday, July 11th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research raised shares of Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $10.25.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in Tetraphase Pharmaceuticals during the first quarter worth approximately $265,000. Parametric Portfolio Associates LLC boosted its position in Tetraphase Pharmaceuticals by 22.5% in the first quarter. Parametric Portfolio Associates LLC now owns 62,423 shares of the biopharmaceutical company’s stock worth $574,000 after buying an additional 11,458 shares in the last quarter. Wade G W & Inc. purchased a new position in Tetraphase Pharmaceuticals during the first quarter worth approximately $138,000. Teza Capital Management LLC boosted its position in Tetraphase Pharmaceuticals by 8.9% in the first quarter. Teza Capital Management LLC now owns 15,650 shares of the biopharmaceutical company’s stock worth $144,000 after buying an additional 1,281 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Tetraphase Pharmaceuticals by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 187,897 shares of the biopharmaceutical company’s stock worth $1,726,000 after buying an additional 6,114 shares in the last quarter. 35.76% of the stock is currently owned by institutional investors and hedge funds.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) opened at 5.655 on Monday. The stock has a 50 day moving average price of $7.40 and a 200 day moving average price of $6.92. The company’s market cap is $288.70 million. Tetraphase Pharmaceuticals has a 52 week low of $3.11 and a 52 week high of $9.93.
Tetraphase Pharmaceuticals Company Profile
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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