Zacks: Brokerages Expect Advanced Accelerator Applications S.A. (AAAP) to Post -$0.18 Earnings Per Share
Analysts expect that Advanced Accelerator Applications S.A. (NASDAQ:AAAP) will post ($0.18) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Advanced Accelerator Applications’ earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.13). Advanced Accelerator Applications also posted earnings of ($0.18) per share in the same quarter last year. The business is expected to report its next earnings report on Monday, November 27th.
On average, analysts expect that Advanced Accelerator Applications will report full-year earnings of ($0.75) per share for the current financial year, with EPS estimates ranging from ($0.97) to ($0.53). For the next financial year, analysts forecast that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.88) to $0.81. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Advanced Accelerator Applications.
Advanced Accelerator Applications (NASDAQ:AAAP) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.01). The business had revenue of $40.14 million during the quarter, compared to analyst estimates of $36.74 million. Advanced Accelerator Applications had a negative net margin of 33.83% and a negative return on equity of 16.05%.
A number of equities research analysts have recently issued reports on AAAP shares. Canaccord Genuity set a $47.00 target price on shares of Advanced Accelerator Applications and gave the company a “buy” rating in a report on Wednesday, May 31st. J P Morgan Chase & Co started coverage on shares of Advanced Accelerator Applications in a report on Thursday, June 15th. They issued an “overweight” rating and a $50.00 target price on the stock. TheStreet cut shares of Advanced Accelerator Applications from a “c-” rating to a “d” rating in a report on Wednesday, June 14th. BidaskClub raised shares of Advanced Accelerator Applications from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Advanced Accelerator Applications in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.00.
Shares of Advanced Accelerator Applications (NASDAQ AAAP) opened at 56.47 on Friday. Advanced Accelerator Applications has a 12 month low of $23.50 and a 12 month high of $58.98. The stock has a 50 day moving average price of $49.73 and a 200 day moving average price of $41.10. The firm’s market capitalization is $2.49 billion.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OppenheimerFunds Inc. acquired a new position in Advanced Accelerator Applications in the 1st quarter valued at about $39,009,000. Artisan Partners Limited Partnership grew its stake in Advanced Accelerator Applications by 29.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock valued at $21,368,000 after buying an additional 123,619 shares during the last quarter. PointState Capital LP acquired a new position in Advanced Accelerator Applications in the 2nd quarter valued at about $5,247,000. Clearbridge Investments LLC acquired a new position in Advanced Accelerator Applications in the 1st quarter valued at about $3,471,000. Finally, Morgan Stanley grew its stake in Advanced Accelerator Applications by 2,208.1% in the 1st quarter. Morgan Stanley now owns 72,358 shares of the company’s stock valued at $2,884,000 after buying an additional 69,223 shares during the last quarter. Institutional investors and hedge funds own 42.00% of the company’s stock.
About Advanced Accelerator Applications
Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.
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