Analysts predict that China Biologic Products, Inc. (NASDAQ:CBPO) will report earnings of $1.32 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for China Biologic Products’ earnings. China Biologic Products posted earnings per share of $1.22 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The business is expected to issue its next earnings results on Wednesday, November 1st.

On average, analysts expect that China Biologic Products will report full-year earnings of $5.04 per share for the current year, with EPS estimates ranging from $5.02 to $5.06. For the next financial year, analysts forecast that the business will report earnings of $5.90 per share, with EPS estimates ranging from $5.78 to $6.02. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover China Biologic Products.

China Biologic Products (NASDAQ:CBPO) last released its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. China Biologic Products had a return on equity of 21.86% and a net margin of 31.55%. The business had revenue of $89.28 million for the quarter, compared to the consensus estimate of $97.33 million. During the same period last year, the business earned $1.26 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year.

Several analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating on shares of China Biologic Products in a research report on Friday, August 4th. Zacks Investment Research lowered shares of China Biologic Products from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of China Biologic Products in a research report on Tuesday, May 30th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered shares of China Biologic Products from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $132.00.

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Hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in China Biologic Products during the first quarter valued at about $156,000. Eqis Capital Management Inc. increased its position in shares of China Biologic Products by 51.3% in the first quarter. Eqis Capital Management Inc. now owns 3,220 shares of the biopharmaceutical company’s stock valued at $322,000 after buying an additional 1,092 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of China Biologic Products during the first quarter valued at approximately $463,000. Gateway Advisory LLC bought a new position in shares of China Biologic Products during the first quarter valued at approximately $480,000. Finally, Jennison Associates LLC increased its position in shares of China Biologic Products by 0.8% in the second quarter. Jennison Associates LLC now owns 5,775 shares of the biopharmaceutical company’s stock valued at $653,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.

China Biologic Products (CBPO) traded up 0.46% during midday trading on Tuesday, reaching $91.66. The company had a trading volume of 135,369 shares. The stock’s 50 day moving average price is $98.75 and its 200-day moving average price is $106.37. The firm has a market capitalization of $2.50 billion, a P/E ratio of 23.86 and a beta of 1.70. China Biologic Products has a one year low of $88.25 and a one year high of $126.47.

China Biologic Products Company Profile

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Earnings History and Estimates for China Biologic Products (NASDAQ:CBPO)

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