$0.14 Earnings Per Share Expected for Concordia International Corp. (CXRX) This Quarter
Brokerages expect Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) to report earnings per share of $0.14 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Concordia International Corp.’s earnings. Concordia International Corp. reported earnings of $0.69 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 79.7%. The business is expected to report its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that Concordia International Corp. will report full-year earnings of $0.59 per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of ($0.75) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Concordia International Corp..
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last announced its quarterly earnings results on Friday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. Concordia International Corp. had a negative net margin of 269.97% and a negative return on equity of 83.96%. The company had revenue of $160.80 million for the quarter, compared to the consensus estimate of $160.92 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was down 30.6% compared to the same quarter last year.
Several research firms have recently weighed in on CXRX. Zacks Investment Research upgraded shares of Concordia International Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday. ValuEngine upgraded shares of Concordia International Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $8.00.
Shares of Concordia International Corp. (CXRX) traded down 6.579% during mid-day trading on Monday, hitting $1.065. 455,761 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $1.33 and a 200-day moving average price of $1.49. The stock’s market cap is $54.47 million. Concordia International Corp. has a 1-year low of $1.06 and a 1-year high of $5.55.
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Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC acquired a new position in shares of Concordia International Corp. in the first quarter worth about $108,000. Virtu KCG Holdings LLC boosted its holdings in shares of Concordia International Corp. by 363.8% in the second quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock worth $123,000 after buying an additional 61,679 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Concordia International Corp. in the second quarter worth about $124,000. JPMorgan Chase & Co. boosted its holdings in shares of Concordia International Corp. by 290.2% in the second quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock worth $223,000 after buying an additional 106,290 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Concordia International Corp. by 467.8% in the first quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock worth $1,651,000 after buying an additional 834,576 shares during the period. Institutional investors own 9.13% of the company’s stock.
Concordia International Corp. Company Profile
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