Brokerages Expect Esperion Therapeutics, Inc. (ESPR) to Post -$1.78 Earnings Per Share
Wall Street analysts expect Esperion Therapeutics, Inc. (NASDAQ:ESPR) to announce earnings of ($1.78) per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Esperion Therapeutics’ earnings, with estimates ranging from ($1.95) to ($1.61). Esperion Therapeutics posted earnings per share of ($0.77) during the same quarter last year, which would indicate a negative year-over-year growth rate of 131.2%. The business is expected to report its next earnings results on Thursday, November 2nd.
On average, analysts expect that Esperion Therapeutics will report full year earnings of ($7.17) per share for the current fiscal year, with EPS estimates ranging from ($7.66) to ($6.54). For the next financial year, analysts forecast that the firm will report earnings of ($6.00) per share, with EPS estimates ranging from ($9.36) to ($4.42). Zacks’ EPS averages are an average based on a survey of research analysts that follow Esperion Therapeutics.
Esperion Therapeutics (NASDAQ:ESPR) last issued its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.67) by ($0.25). During the same period in the prior year, the firm earned ($0.62) EPS.
A number of research analysts have recently commented on the company. Cowen and Company assumed coverage on Esperion Therapeutics in a research report on Thursday, September 7th. They set an “outperform” rating and a $64.00 target price for the company. Northland Securities started coverage on Esperion Therapeutics in a report on Tuesday, August 29th. They set an “outperform” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded Esperion Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC restated a “buy” rating and set a $85.00 price target on shares of Esperion Therapeutics in a report on Monday, August 21st. Finally, Bank of America Corporation restated a “neutral” rating and set a $60.00 price target on shares of Esperion Therapeutics in a report on Friday, August 11th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Esperion Therapeutics has an average rating of “Buy” and a consensus target price of $52.54.
A number of hedge funds have recently added to or reduced their stakes in ESPR. Teachers Advisors LLC increased its stake in Esperion Therapeutics by 56.7% in the fourth quarter. Teachers Advisors LLC now owns 33,502 shares of the biopharmaceutical company’s stock worth $419,000 after purchasing an additional 12,122 shares during the period. Bank of Montreal Can increased its stake in Esperion Therapeutics by 1,006.7% in the first quarter. Bank of Montreal Can now owns 6,596 shares of the biopharmaceutical company’s stock worth $233,000 after purchasing an additional 6,000 shares during the period. Nationwide Fund Advisors increased its stake in Esperion Therapeutics by 2.4% in the first quarter. Nationwide Fund Advisors now owns 39,286 shares of the biopharmaceutical company’s stock worth $1,387,000 after purchasing an additional 921 shares during the period. Russell Investments Group Ltd. purchased a new stake in Esperion Therapeutics in the first quarter worth $961,000. Finally, Wells Fargo & Company MN increased its stake in Esperion Therapeutics by 39.4% in the first quarter. Wells Fargo & Company MN now owns 11,602 shares of the biopharmaceutical company’s stock worth $410,000 after purchasing an additional 3,282 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.
Shares of Esperion Therapeutics (NASDAQ:ESPR) traded down 1.52% on Thursday, hitting $50.65. 316,306 shares of the company traded hands. The stock’s market capitalization is $1.14 billion. The firm’s 50 day moving average price is $47.87 and its 200-day moving average price is $40.07. Esperion Therapeutics has a 1-year low of $9.40 and a 1-year high of $57.38.
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About Esperion Therapeutics
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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