Brokerages Expect Concordia International Corp. (CXRX) to Post -$0.03 EPS
Analysts forecast that Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) will report earnings per share (EPS) of ($0.03) for the current quarter, Zacks reports. Zero analysts have issued estimates for Concordia International Corp.’s earnings. Concordia International Corp. reported earnings per share of $0.69 in the same quarter last year, which would suggest a negative year-over-year growth rate of 104.3%. The company is scheduled to issue its next earnings results on Monday, November 6th.
On average, analysts expect that Concordia International Corp. will report full year earnings of ($0.63) per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.20 per share. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Concordia International Corp..
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last released its quarterly earnings data on Friday, August 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Concordia International Corp. had a negative return on equity of 83.96% and a negative net margin of 269.97%. The firm had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $160.92 million. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was down 30.6% on a year-over-year basis.
Several research firms have commented on CXRX. Zacks Investment Research cut shares of Concordia International Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 17th. ValuEngine raised shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has an average rating of “Sell” and a consensus target price of $8.00.
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Concordia International Corp. (NASDAQ CXRX) traded down 0.74% on Friday, reaching $1.34. The company had a trading volume of 78,624 shares. The stock’s market capitalization is $68.53 million. The stock has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.50. Concordia International Corp. has a 52-week low of $1.09 and a 52-week high of $7.46.
Institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank boosted its holdings in shares of Concordia International Corp. by 1.0% in the 1st quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock valued at $132,000 after purchasing an additional 782 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Concordia International Corp. by 467.8% in the 1st quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock valued at $1,651,000 after purchasing an additional 834,576 shares during the last quarter. FMR LLC acquired a new position in shares of Concordia International Corp. in the 1st quarter valued at $108,000. Virtu KCG Holdings LLC boosted its holdings in shares of Concordia International Corp. by 363.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock valued at $123,000 after purchasing an additional 61,679 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Concordia International Corp. by 290.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock valued at $223,000 after purchasing an additional 106,290 shares during the last quarter. Institutional investors own 9.27% of the company’s stock.
Concordia International Corp. Company Profile
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