Akebia Therapeutics, Inc. (AKBA) Scheduled to Post Quarterly Earnings on Tuesday
Akebia Therapeutics, Inc. (NASDAQ:AKBA) is set to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.56) per share for the quarter.
Akebia Therapeutics (NASDAQ:AKBA) last released its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.53) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.89) by $0.36. The company had revenue of $28.52 million for the quarter, compared to analyst estimates of $26.50 million. On average, analysts expect Akebia Therapeutics to post $-3.03 EPS for the current fiscal year and $-1.4 EPS for the next fiscal year.
Shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) opened at 17.63 on Tuesday. The firm has a 50-day moving average price of $18.14 and a 200-day moving average price of $15.01. Akebia Therapeutics, Inc. has a 52-week low of $7.16 and a 52-week high of $20.25. The stock’s market cap is $322.63 million.
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In related news, SVP Michel Dahan sold 5,000 shares of Akebia Therapeutics stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $15.00, for a total value of $75,000.00. Following the transaction, the senior vice president now owns 102,224 shares in the company, valued at $1,533,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,586 shares of company stock worth $222,289 in the last quarter. 8.67% of the stock is owned by insiders.
About Akebia Therapeutics
Akebia Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of therapeutics based on hypoxia-inducible factor (HIF) biology. The Company’s lead product candidate, vadadustat, is indicated for the treatment of anemia in chronic kidney disease (CKD).
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