Zacks: Analysts Anticipate Strongbridge Biopharma PLC (SBBP) to Post -$0.41 Earnings Per Share
Wall Street analysts predict that Strongbridge Biopharma PLC (NASDAQ:SBBP) will announce ($0.41) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Strongbridge Biopharma PLC’s earnings, with estimates ranging from ($0.48) to ($0.37). Strongbridge Biopharma PLC posted earnings of ($0.36) per share during the same quarter last year, which would suggest a negative year over year growth rate of 13.9%. The company is expected to announce its next earnings report on Friday, December 22nd.
According to Zacks, analysts expect that Strongbridge Biopharma PLC will report full year earnings of ($2.66) per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of ($1.30) per share, with EPS estimates ranging from ($1.65) to ($1.01). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Strongbridge Biopharma PLC.
Strongbridge Biopharma PLC (NASDAQ:SBBP) last released its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.34) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.34). The business had revenue of $1.53 million during the quarter, compared to analyst estimates of $0.84 million.
A number of brokerages have commented on SBBP. Zacks Investment Research downgraded shares of Strongbridge Biopharma PLC from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. initiated coverage on shares of Strongbridge Biopharma PLC in a research note on Thursday, August 10th. They set an “outperform” rating and a $12.00 price objective on the stock. Finally, ValuEngine downgraded shares of Strongbridge Biopharma PLC from a “hold” rating to a “sell” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.94.
Shares of Strongbridge Biopharma PLC (NASDAQ SBBP) traded down 18.67% during trading on Wednesday, reaching $6.10. The company’s stock had a trading volume of 1,807,975 shares. The stock’s market cap is $215.54 million. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $5.68. Strongbridge Biopharma PLC has a 52-week low of $2.00 and a 52-week high of $8.85.
Hedge funds have recently added to or reduced their stakes in the stock. Broadfin Capital LLC grew its position in shares of Strongbridge Biopharma PLC by 3.0% in the first quarter. Broadfin Capital LLC now owns 2,981,706 shares of the biotechnology company’s stock valued at $14,163,000 after purchasing an additional 87,125 shares during the period. Northern Trust Corp acquired a new stake in shares of Strongbridge Biopharma PLC in the second quarter valued at about $1,462,000. Nexthera Capital LP acquired a new stake in shares of Strongbridge Biopharma PLC in the second quarter valued at about $477,000. Vanguard Group Inc. acquired a new stake in shares of Strongbridge Biopharma PLC in the second quarter valued at about $474,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of Strongbridge Biopharma PLC in the second quarter valued at about $449,000. Institutional investors own 63.65% of the company’s stock.
Strongbridge Biopharma PLC Company Profile
Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.
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