$44.50 Million in Sales Expected for Vanda Pharmaceuticals Inc. (VNDA) This Quarter
Brokerages predict that Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) will post sales of $44.50 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vanda Pharmaceuticals’ earnings, with the highest sales estimate coming in at $45.00 million and the lowest estimate coming in at $43.80 million. Vanda Pharmaceuticals reported sales of $38.48 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The company is expected to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Vanda Pharmaceuticals will report full-year sales of $44.50 million for the current year, with estimates ranging from $169.40 million to $172.00 million. For the next financial year, analysts anticipate that the business will report sales of $206.43 million per share, with estimates ranging from $194.00 million to $218.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Vanda Pharmaceuticals.
Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.18. Vanda Pharmaceuticals had a negative return on equity of 7.85% and a negative net margin of 6.54%. The firm had revenue of $42.06 million during the quarter, compared to analysts’ expectations of $40.31 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis.
VNDA has been the subject of a number of recent analyst reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $23.00 price target on shares of Vanda Pharmaceuticals in a report on Tuesday, June 27th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $21.00 price target on shares of Vanda Pharmaceuticals in a report on Thursday, September 14th. HC Wainwright initiated coverage on Vanda Pharmaceuticals in a report on Friday, May 26th. They set a “buy” rating and a $18.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and set a $21.00 price target on shares of Vanda Pharmaceuticals in a report on Tuesday, August 29th. Finally, Zacks Investment Research upgraded Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.63.
Several institutional investors and hedge funds have recently modified their holdings of VNDA. Legal & General Group Plc grew its stake in shares of Vanda Pharmaceuticals by 37.4% in the 2nd quarter. Legal & General Group Plc now owns 11,105 shares of the biopharmaceutical company’s stock valued at $181,000 after buying an additional 3,022 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in shares of Vanda Pharmaceuticals in the 1st quarter valued at about $193,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vanda Pharmaceuticals in the 1st quarter valued at about $196,000. Kopp Investment Advisors LLC acquired a new stake in shares of Vanda Pharmaceuticals in the 2nd quarter valued at about $196,000. Finally, Airain ltd grew its stake in shares of Vanda Pharmaceuticals by 50.8% in the 1st quarter. Airain ltd now owns 21,415 shares of the biopharmaceutical company’s stock valued at $300,000 after buying an additional 7,213 shares during the period. Institutional investors own 86.49% of the company’s stock.
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Vanda Pharmaceuticals (NASDAQ:VNDA) opened at 18.85 on Friday. The firm’s market capitalization is $845.57 million. Vanda Pharmaceuticals has a 1-year low of $12.70 and a 1-year high of $18.99. The firm has a 50-day moving average price of $16.57 and a 200-day moving average price of $15.25.
About Vanda Pharmaceuticals
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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