Analysts predict that Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) will report $7.32 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Arrowhead Pharmaceuticals’ earnings, with estimates ranging from $6.63 million to $8.00 million. Arrowhead Pharmaceuticals reported sales of $30,000.00 in the same quarter last year, which indicates a positive year over year growth rate of 24,300%. The business is scheduled to issue its next earnings results on Wednesday, December 13th.

On average, analysts expect that Arrowhead Pharmaceuticals will report full year sales of $7.32 million for the current year, with estimates ranging from $29.32 million to $35.00 million. For the next fiscal year, analysts expect that the firm will report sales of $9.93 million per share, with estimates ranging from $6.30 million to $15.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Arrowhead Pharmaceuticals.

A number of research analysts recently commented on the company. ValuEngine upgraded Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $2.00 target price on shares of Arrowhead Pharmaceuticals in a research report on Monday, September 25th. William Blair raised Arrowhead Pharmaceuticals from a “market perform” rating to an “outperform” rating in a research report on Monday, September 18th. Chardan Capital reissued a “neutral” rating on shares of Arrowhead Pharmaceuticals in a research report on Wednesday, September 13th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $2.00 target price on shares of Arrowhead Pharmaceuticals in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Arrowhead Pharmaceuticals presently has a consensus rating of “Hold” and an average target price of $2.00.

Arrowhead Pharmaceuticals (NASDAQ:ARWR) opened at $3.68 on Friday. Arrowhead Pharmaceuticals has a twelve month low of $1.20 and a twelve month high of $5.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.84 and a quick ratio of 3.84.

Several institutional investors have recently bought and sold shares of ARWR. ING Groep NV purchased a new stake in shares of Arrowhead Pharmaceuticals during the third quarter worth $3,500,000. LMR Partners LLP purchased a new stake in shares of Arrowhead Pharmaceuticals during the second quarter worth $467,000. Wells Fargo & Company MN increased its position in shares of Arrowhead Pharmaceuticals by 144.8% during the first quarter. Wells Fargo & Company MN now owns 150,346 shares of the biotechnology company’s stock worth $278,000 after acquiring an additional 88,933 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Arrowhead Pharmaceuticals by 414.7% during the first quarter. UBS Asset Management Americas Inc. now owns 66,400 shares of the biotechnology company’s stock worth $123,000 after acquiring an additional 53,500 shares during the period. Finally, Virtu KCG Holdings LLC increased its position in shares of Arrowhead Pharmaceuticals by 115.6% during the second quarter. Virtu KCG Holdings LLC now owns 99,267 shares of the biotechnology company’s stock worth $161,000 after acquiring an additional 53,215 shares during the period. 20.62% of the stock is currently owned by institutional investors and hedge funds.

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About Arrowhead Pharmaceuticals

Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.

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Earnings History and Estimates for Arrowhead Pharmaceuticals (NASDAQ:ARWR)

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