Vanda Pharmaceuticals Inc. (VNDA) Expected to Announce Quarterly Sales of $44.50 Million
Equities research analysts expect Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) to report $44.50 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Vanda Pharmaceuticals’ earnings, with the lowest sales estimate coming in at $43.80 million and the highest estimate coming in at $45.00 million. Vanda Pharmaceuticals posted sales of $38.48 million during the same quarter last year, which suggests a positive year over year growth rate of 15.6%. The business is expected to report its next earnings report on Wednesday, November 1st.
On average, analysts expect that Vanda Pharmaceuticals will report full-year sales of $44.50 million for the current fiscal year, with estimates ranging from $169.40 million to $172.00 million. For the next year, analysts forecast that the firm will report sales of $206.43 million per share, with estimates ranging from $194.00 million to $218.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Vanda Pharmaceuticals.
Vanda Pharmaceuticals (NASDAQ:VNDA) last announced its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.18. Vanda Pharmaceuticals had a negative return on equity of 7.85% and a negative net margin of 6.54%. The business had revenue of $42.06 million during the quarter, compared to analysts’ expectations of $40.31 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis.
Several equities research analysts have recently commented on VNDA shares. Zacks Investment Research cut Vanda Pharmaceuticals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 18th. TheStreet raised Vanda Pharmaceuticals from a “d+” rating to a “c-” rating in a research note on Friday, May 12th. Piper Jaffray Companies reissued an “overweight” rating and issued a $23.00 target price on shares of Vanda Pharmaceuticals in a research note on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and issued a $21.00 target price on shares of Vanda Pharmaceuticals in a research note on Thursday, May 25th. Finally, HC Wainwright started coverage on Vanda Pharmaceuticals in a research note on Friday, May 26th. They issued a “buy” rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Vanda Pharmaceuticals currently has a consensus rating of “Buy” and an average price target of $21.33.
Large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Vanda Pharmaceuticals by 37.4% in the second quarter. Legal & General Group Plc now owns 11,105 shares of the biopharmaceutical company’s stock worth $181,000 after buying an additional 3,022 shares during the period. Kopp Investment Advisors LLC bought a new stake in shares of Vanda Pharmaceuticals during the second quarter worth approximately $196,000. Virginia Retirement Systems ET AL bought a new stake in shares of Vanda Pharmaceuticals during the first quarter worth approximately $193,000. Capital Fund Management S.A. bought a new stake in shares of Vanda Pharmaceuticals during the first quarter worth approximately $195,000. Finally, AQR Capital Management LLC bought a new stake in shares of Vanda Pharmaceuticals during the fourth quarter worth approximately $223,000. 90.84% of the stock is owned by institutional investors and hedge funds.
Vanda Pharmaceuticals (VNDA) opened at 16.25 on Wednesday. The company’s 50-day moving average price is $16.18 and its 200 day moving average price is $14.76. Vanda Pharmaceuticals has a 52 week low of $11.58 and a 52 week high of $18.00. The company’s market cap is $728.94 million.
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Vanda Pharmaceuticals Company Profile
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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