-$0.76 Earnings Per Share Expected for Redhill Biopharma Ltd. (RDHL) This Quarter
Analysts expect Redhill Biopharma Ltd. (NASDAQ:RDHL) to post earnings per share (EPS) of ($0.76) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Redhill Biopharma’s earnings, with the lowest EPS estimate coming in at ($0.80) and the highest estimate coming in at ($0.71). Redhill Biopharma reported earnings per share of ($0.70) during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.6%. The firm is scheduled to report its next earnings report on Monday, November 13th.
On average, analysts expect that Redhill Biopharma will report full year earnings of ($2.64) per share for the current year, with EPS estimates ranging from ($2.70) to ($2.58). For the next financial year, analysts expect that the firm will post earnings of ($2.28) per share, with EPS estimates ranging from ($2.50) to ($2.05). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Redhill Biopharma.
Redhill Biopharma (NASDAQ:RDHL) last announced its earnings results on Tuesday, July 25th. The biotechnology company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by $0.02. The company had revenue of $0.48 million during the quarter, compared to analyst estimates of $0.34 million.
Several analysts have recently commented on the stock. Roth Capital set a $27.00 price objective on shares of Redhill Biopharma and gave the company a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Redhill Biopharma from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. HC Wainwright set a $33.00 price target on shares of Redhill Biopharma and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, FBR & Co reiterated a “buy” rating on shares of Redhill Biopharma in a report on Friday, June 16th.
Redhill Biopharma (RDHL) opened at 8.85 on Tuesday. Redhill Biopharma has a 52 week low of $8.16 and a 52 week high of $15.93. The company’s market cap is $151.89 million. The company’s 50-day moving average price is $8.95 and its 200 day moving average price is $9.52.
Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in Redhill Biopharma during the first quarter worth $101,000. Family Management Corp purchased a new position in Redhill Biopharma during the first quarter worth approximately $163,000. Penserra Capital Management LLC boosted its position in Redhill Biopharma by 75.0% in the first quarter. Penserra Capital Management LLC now owns 17,843 shares of the biotechnology company’s stock worth $171,000 after buying an additional 7,647 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Redhill Biopharma by 36.5% in the first quarter. Oppenheimer & Co. Inc. now owns 23,069 shares of the biotechnology company’s stock worth $221,000 after buying an additional 6,172 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Redhill Biopharma during the fourth quarter worth approximately $266,000. Hedge funds and other institutional investors own 12.22% of the company’s stock.
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Redhill Biopharma Company Profile
Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company. The Company focuses on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. It offers the following gastrointestinal products in the United States: Donnatal, a prescription oral adjunctive drug used in the treatment of Irritable Bowel Syndrome (IBS) and acute enterocolitis, as well as EnteraGam, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools.
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