Q3 2017 EPS Estimates for Vanda Pharmaceuticals Inc. Boosted by Analyst (VNDA)
Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) – Equities researchers at Oppenheimer Holdings boosted their Q3 2017 EPS estimates for shares of Vanda Pharmaceuticals in a research report issued on Thursday. Oppenheimer Holdings analyst D. Archila now anticipates that the biopharmaceutical company will earn ($0.08) per share for the quarter, up from their prior forecast of ($0.19). Oppenheimer Holdings currently has a “Buy” rating and a $21.00 target price on the stock. Oppenheimer Holdings also issued estimates for Vanda Pharmaceuticals’ Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.39) EPS, FY2018 earnings at ($0.28) EPS, FY2019 earnings at $0.11 EPS and FY2020 earnings at $0.54 EPS.
Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.18. The business had revenue of $42.06 million for the quarter, compared to analyst estimates of $40.31 million. Vanda Pharmaceuticals had a negative return on equity of 7.88% and a negative net margin of 6.54%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share.
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A number of other equities research analysts have also issued reports on VNDA. CIBC reaffirmed an “outperform” rating and set a $21.00 target price on shares of Vanda Pharmaceuticals in a research report on Wednesday, April 12th. Jefferies Group LLC reiterated a “buy” rating and set a $21.00 price target on shares of Vanda Pharmaceuticals in a report on Wednesday, April 12th. TheStreet upgraded Vanda Pharmaceuticals from a “d+” rating to a “c-” rating in a report on Friday, May 12th. HC Wainwright initiated coverage on Vanda Pharmaceuticals in a report on Friday, May 26th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Zacks Investment Research downgraded Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.22.
Shares of Vanda Pharmaceuticals (VNDA) opened at 16.00 on Monday. The firm’s market cap is $715.49 million. Vanda Pharmaceuticals has a 1-year low of $11.58 and a 1-year high of $18.00. The company’s 50 day moving average price is $15.89 and its 200-day moving average price is $14.60.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. increased its position in shares of Vanda Pharmaceuticals by 1,544.3% in the first quarter. Point72 Asset Management L.P. now owns 2,484,500 shares of the biopharmaceutical company’s stock worth $34,783,000 after buying an additional 2,333,400 shares during the period. FMR LLC increased its position in shares of Vanda Pharmaceuticals by 60.7% in the first quarter. FMR LLC now owns 1,601,171 shares of the biopharmaceutical company’s stock worth $22,416,000 after buying an additional 604,900 shares during the period. Vanguard Group Inc. increased its position in shares of Vanda Pharmaceuticals by 26.4% in the first quarter. Vanguard Group Inc. now owns 2,494,347 shares of the biopharmaceutical company’s stock worth $34,920,000 after buying an additional 521,669 shares during the period. Nexthera Capital LP purchased a new position in shares of Vanda Pharmaceuticals during the first quarter worth approximately $7,171,000. Finally, Renaissance Technologies LLC increased its position in shares of Vanda Pharmaceuticals by 65.3% in the first quarter. Renaissance Technologies LLC now owns 939,250 shares of the biopharmaceutical company’s stock worth $13,150,000 after buying an additional 370,900 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.
About Vanda Pharmaceuticals
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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