Zacks: Analysts Anticipate Advanced Accelerator Applications S.A. (AAAP) Will Announce Earnings of -$0.18 Per Share
Brokerages expect Advanced Accelerator Applications S.A. (NASDAQ:AAAP) to post earnings of ($0.18) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Advanced Accelerator Applications’ earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.13). Advanced Accelerator Applications also reported earnings per share of ($0.18) during the same quarter last year. The firm 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 year, with EPS estimates ranging from ($0.97) to ($0.53). For the next year, analysts expect that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.88) to $0.81. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Advanced Accelerator Applications.
Advanced Accelerator Applications (NASDAQ:AAAP) last announced its quarterly earnings data on Thursday, August 31st. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $40.14 million for the quarter, compared to analysts’ expectations of $36.74 million. Advanced Accelerator Applications had a negative net margin of 33.83% and a negative return on equity of 16.05%.
AAAP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, July 11th. BidaskClub raised Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Canaccord Genuity set a $47.00 price target on Advanced Accelerator Applications and gave the stock a “buy” rating in a research note on Thursday, July 27th. JMP Securities raised Advanced Accelerator Applications from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target (up previously from $50.00) on shares of Advanced Accelerator Applications in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Advanced Accelerator Applications has a consensus rating of “Buy” and a consensus price target of $54.00.
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Shares of Advanced Accelerator Applications (NASDAQ:AAAP) traded down 3.038% during trading on Monday, reaching $71.325. The company’s stock had a trading volume of 243,034 shares. The company has a 50-day moving average price of $61.26 and a 200-day moving average price of $45.89. Advanced Accelerator Applications has a one year low of $23.50 and a one year high of $74.94. The stock’s market cap is $3.15 billion.
Several institutional investors have recently made changes to their positions in the company. Artisan Partners Limited Partnership grew its stake in shares of Advanced Accelerator Applications by 29.2% during the second quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock valued at $21,368,000 after acquiring an additional 123,619 shares in the last quarter. PointState Capital LP acquired a new position in Advanced Accelerator Applications in the second quarter worth about $5,247,000. Clearbridge Investments LLC acquired a new position in Advanced Accelerator Applications in the first quarter worth about $3,471,000. Morgan Stanley grew its stake in Advanced Accelerator Applications by 2,208.1% in the first quarter. Morgan Stanley now owns 72,358 shares of the company’s stock worth $2,884,000 after purchasing an additional 69,223 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Advanced Accelerator Applications by 4.9% in the second quarter. Alps Advisors Inc. now owns 39,694 shares of the company’s stock worth $1,550,000 after purchasing an additional 1,861 shares in the last quarter. Institutional investors own 37.51% 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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