Sucampo Pharmaceuticals, Inc. (SCMP) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) released its earnings results on Wednesday. The biopharmaceutical company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02, Bloomberg Earnings reports. The company had revenue of $61.27 million during the quarter, compared to analyst estimates of $58.05 million. Sucampo Pharmaceuticals had a negative net margin of 61.99% and a positive return on equity of 56.58%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Sucampo Pharmaceuticals updated its FY17 guidance to $1.10-1.15 EPS.
SCMP has been the subject of several analyst reports. Zacks Investment Research raised shares of Sucampo Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. UBS AG reduced their target price on shares of Sucampo Pharmaceuticals from $19.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, October 12th. Mizuho lowered shares of Sucampo Pharmaceuticals from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $12.00 in a report on Tuesday, October 3rd. TheStreet lowered shares of Sucampo Pharmaceuticals from a “c+” rating to a “d” rating in a report on Wednesday, August 2nd. Finally, Maxim Group set a $23.00 target price on shares of Sucampo Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Sucampo Pharmaceuticals presently has a consensus rating of “Buy” and a consensus price target of $16.50.
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In other Sucampo Pharmaceuticals news, insider Jason Patrick Meyenburg bought 4,000 shares of Sucampo Pharmaceuticals stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $12.13 per share, with a total value of $48,520.00. Following the purchase, the insider now directly owns 30,228 shares in the company, valued at approximately $366,665.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, 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 purchase, the insider now owns 4,700 shares in the company, valued at $49,820. The disclosure for this purchase can be found here. Corporate insiders own 4.13% of the company’s stock.
Sucampo Pharmaceuticals Company Profile
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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