Analysts expect that Lipocine Inc. (NASDAQ:LPCN) will post ($0.27) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Lipocine’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.30). Lipocine reported earnings per share of ($0.16) during the same quarter last year, which would suggest a negative year-over-year growth rate of 68.8%. The firm is scheduled to report its next quarterly earnings results on Monday, March 5th.
On average, analysts expect that Lipocine will report full-year earnings of ($1.06) per share for the current fiscal year, with EPS estimates ranging from ($1.11) to ($1.01). For the next financial year, analysts expect that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.97) to $0.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Lipocine.
Several research firms have commented on LPCN. Canaccord Genuity set a $11.00 price objective on shares of Lipocine and gave the company a “buy” rating in a report on Monday, August 7th. Roth Capital set a $38.00 price objective on shares of Lipocine and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, ValuEngine downgraded shares of Lipocine from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.
Lipocine (NASDAQ:LPCN) traded down $0.05 on Thursday, hitting $3.57. 134,507 shares of the company’s stock traded hands, compared to its average volume of 235,934. Lipocine has a twelve month low of $3.17 and a twelve month high of $5.33.
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Lipocine Company Profile
Lipocine Inc is a specialty pharmaceutical company. The Company is focused on applying its oral drug delivery technology for the development of pharmaceutical products in the area of men’s and women’s health. Its primary development programs are based on oral delivery solutions for bioavailable drugs.
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