Zacks: Brokerages Expect Strongbridge Biopharma PLC (SBBP) Will Post Quarterly Sales of $1.77 Million
Equities analysts expect Strongbridge Biopharma PLC (NASDAQ:SBBP) to post $1.77 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Strongbridge Biopharma PLC’s earnings. The lowest sales estimate is $1.20 million and the highest is $2.35 million. The company is expected to announce its next quarterly earnings report on Friday, December 22nd.
On average, analysts expect that Strongbridge Biopharma PLC will report full-year sales of $1.77 million for the current financial year, with estimates ranging from $4.64 million to $6.95 million. For the next year, analysts forecast that the company will post sales of $14.04 million per share, with estimates ranging from $9.39 million to $21.91 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Strongbridge Biopharma PLC.
Strongbridge Biopharma PLC (NASDAQ:SBBP) last posted its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.34) earnings per share for the quarter, hitting the consensus estimate of ($0.34). The firm had revenue of $1.53 million for the quarter, compared to the consensus estimate of $0.84 million.
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Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wisconsin Investment Board purchased a new stake in Strongbridge Biopharma PLC during the 2nd quarter worth about $114,000. Rhumbline Advisers bought a new position in Strongbridge Biopharma PLC in the 2nd quarter worth about $154,000. California State Teachers Retirement System bought a new position in Strongbridge Biopharma PLC in the 2nd quarter worth about $277,000. Teachers Advisors LLC bought a new position in Strongbridge Biopharma PLC in the 2nd quarter worth about $297,000. Finally, Bank of New York Mellon Corp bought a new position in Strongbridge Biopharma PLC in the 2nd quarter worth about $331,000. 56.53% of the stock is currently owned by institutional investors and hedge funds.
Strongbridge Biopharma PLC (NASDAQ:SBBP) traded down 1.59% on Wednesday, reaching $6.20. The company’s stock had a trading volume of 63,272 shares. Strongbridge Biopharma PLC has a 12 month low of $2.00 and a 12 month high of $8.85. The firm has a 50 day moving average of $6.57 and a 200 day moving average of $5.88. The firm’s market cap is $219.08 million.
About Strongbridge Biopharma PLC
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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