Zacks: Brokerages Anticipate Sucampo Pharmaceuticals, Inc. (SCMP) Will Post Quarterly Sales of $57.44 Million
Brokerages predict that Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) will post $57.44 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sucampo Pharmaceuticals’ earnings. The lowest sales estimate is $56.61 million and the highest is $58.60 million. Sucampo Pharmaceuticals posted sales of $57.87 million in the same quarter last year, which suggests a negative year over year growth rate of 0.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that Sucampo Pharmaceuticals will report full-year sales of $57.44 million for the current year. For the next year, analysts anticipate that the company will report sales of $243.33 million per share, with estimates ranging from $234.39 million to $258.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Sucampo Pharmaceuticals.
Sucampo Pharmaceuticals (NASDAQ:SCMP) last announced its quarterly earnings results on Wednesday, August 2nd. The biopharmaceutical company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Sucampo Pharmaceuticals had a positive return on equity of 56.58% and a negative net margin of 61.99%. The company had revenue of $59.90 million for the quarter, compared to the consensus estimate of $56.44 million. During the same quarter in the previous year, the business earned $0.24 EPS. Sucampo Pharmaceuticals’s revenue was up 15.3% compared to the same quarter last year.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Sucampo Pharmaceuticals from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday. UBS AG decreased their price objective on shares of Sucampo Pharmaceuticals from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, October 12th. Mizuho downgraded shares of Sucampo Pharmaceuticals from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $12.00 in a research note on Tuesday, October 3rd. Leerink Swann assumed coverage on shares of Sucampo Pharmaceuticals in a research note on Monday, August 21st. They issued an “outperform” rating and a $15.00 price objective for the company. Finally, Maxim Group reissued a “buy” rating and issued a $23.00 price objective (up previously from $21.00) on shares of Sucampo Pharmaceuticals in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.50.
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In related news, insider Jones W. Bryan bought 4,700 shares of Sucampo Pharmaceuticals stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of $10.60 per share, with a total value of $49,820.00. Following the completion of the transaction, the insider now owns 4,700 shares in the company, valued at approximately $49,820. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Sachiko Kuno sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $12.00, for a total transaction of $12,000,000.00. The disclosure for this sale can be found here. Company insiders own 4.13% of the company’s stock.
Several large investors have recently modified their holdings of the company. Krensavage Asset Management LLC increased its position in shares of Sucampo Pharmaceuticals by 0.6% during the second quarter. Krensavage Asset Management LLC now owns 2,819,708 shares of the biopharmaceutical company’s stock worth $29,607,000 after acquiring an additional 16,570 shares during the period. LSV Asset Management increased its holdings in Sucampo Pharmaceuticals by 1.9% during the second quarter. LSV Asset Management now owns 2,390,418 shares of the biopharmaceutical company’s stock valued at $25,099,000 after buying an additional 44,000 shares during the period. Vanguard Group Inc. increased its holdings in Sucampo Pharmaceuticals by 13.0% during the second quarter. Vanguard Group Inc. now owns 1,646,348 shares of the biopharmaceutical company’s stock valued at $17,287,000 after buying an additional 189,561 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sucampo Pharmaceuticals by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,570,172 shares of the biopharmaceutical company’s stock valued at $16,487,000 after buying an additional 15,528 shares during the period. Finally, NEA Management Company LLC purchased a new position in Sucampo Pharmaceuticals during the second quarter valued at approximately $13,214,000. 55.46% of the stock is currently owned by institutional investors and hedge funds.
Sucampo Pharmaceuticals (NASDAQ:SCMP) traded down 0.49% on Thursday, hitting $10.15. The company’s stock had a trading volume of 102,448 shares. The firm has a 50 day moving average of $11.50 and a 200 day moving average of $10.69. The firm’s market cap is $470.20 million. Sucampo Pharmaceuticals has a 12 month low of $9.30 and a 12 month high of $17.55.
About Sucampo Pharmaceuticals
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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