MediWound Ltd. (NASDAQ:MDWD) – Analysts at Jefferies Group cut their Q3 2017 earnings estimates for MediWound in a note issued to investors on Thursday. Jefferies Group analyst R. Denhoy now expects that the biopharmaceutical company will post earnings of ($0.20) per share for the quarter, down from their previous forecast of ($0.16). Jefferies Group also issued estimates for MediWound’s FY2017 earnings at ($0.81) EPS, FY2018 earnings at ($0.85) EPS and FY2019 earnings at ($0.84) EPS.

MediWound (NASDAQ:MDWD) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The company had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.69 million. MediWound had a negative net margin of 752.78% and a negative return on equity of 240.54%. MediWound’s revenue for the quarter was up 93.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.34) earnings per share.

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A number of other equities research analysts also recently weighed in on MDWD. Oppenheimer Holdings, Inc. set a $10.00 target price on MediWound and gave the stock a “buy” rating in a report on Monday, May 8th. Aegis reissued a “buy” rating and set a $11.00 target price on shares of MediWound in a report on Thursday, May 25th. SunTrust Banks, Inc. reissued a “buy” rating on shares of MediWound in a report on Monday, June 26th. Finally, Zacks Investment Research downgraded MediWound from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $10.19.

MediWound (NASDAQ MDWD) opened at 6.80 on Monday. The firm’s market capitalization is $149.12 million. MediWound has a 1-year low of $4.25 and a 1-year high of $8.58. The company’s 50-day moving average is $6.96 and its 200 day moving average is $6.41.

Several large investors have recently bought and sold shares of MDWD. Renaissance Technologies LLC increased its stake in MediWound by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 74,300 shares of the biopharmaceutical company’s stock worth $340,000 after buying an additional 7,900 shares in the last quarter. Wells Fargo & Company MN increased its position in MediWound by 19.7% in the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock worth $351,000 after buying an additional 8,745 shares during the period. Finally, Wellington Management Group LLP increased its position in MediWound by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock worth $14,241,000 after buying an additional 213,745 shares during the period. 27.32% of the stock is owned by institutional investors.

About MediWound

MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.

Earnings History and Estimates for MediWound (NASDAQ:MDWD)

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