Peregrine Pharmaceuticals (PPHM) Set to Announce Earnings on Monday
Peregrine Pharmaceuticals (NASDAQ:PPHM) will be issuing its quarterly earnings data before the market opens on Monday, December 11th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Peregrine Pharmaceuticals (NASDAQ:PPHM) last released its quarterly earnings results on Monday, September 11th. The biopharmaceutical company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. Peregrine Pharmaceuticals had a negative return on equity of 38.19% and a negative net margin of 23.15%. The firm had revenue of $27.08 million for the quarter, compared to analyst estimates of $15.22 million.
Shares of Peregrine Pharmaceuticals (PPHM) traded down $0.06 on Tuesday, hitting $5.14. The company’s stock had a trading volume of 117,100 shares, compared to its average volume of 310,554. Peregrine Pharmaceuticals has a one year low of $1.96 and a one year high of $5.78.
A hedge fund recently raised its stake in Peregrine Pharmaceuticals stock. Northern Trust Corp lifted its position in shares of Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,451 shares of the biopharmaceutical company’s stock after acquiring an additional 38,604 shares during the period. Northern Trust Corp owned about 1.01% of Peregrine Pharmaceuticals worth $276,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.88% of the company’s stock.
About Peregrine Pharmaceuticals
Peregrine Pharmaceuticals, Inc (Peregrine) is a biopharmaceutical company. The Company operates through two segments: Peregrine, which is engaged in the research and development of monoclonal antibodies for the treatment of cancer, and Avid, which is engaged in providing contract manufacturing services for third party customers on a fee-for-service basis while also supporting its internal drug development efforts.
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