$49.82 Million in Sales Expected for Advanced Accelerator Application SA (AAAP) This Quarter

Brokerages predict that Advanced Accelerator Application SA (NASDAQ:AAAP) will report $49.82 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Advanced Accelerator Application’s earnings, with the highest sales estimate coming in at $57.00 million and the lowest estimate coming in at $42.63 million. Advanced Accelerator Application posted sales of $30.29 million during the same quarter last year, which suggests a positive year over year growth rate of 64.5%. The firm is expected to issue its next quarterly earnings report on Thursday, March 22nd.

According to Zacks, analysts expect that Advanced Accelerator Application will report full year sales of $49.82 million for the current fiscal year, with estimates ranging from $139.00 million to $183.50 million. For the next year, analysts anticipate that the company will report sales of $257.50 million per share, with estimates ranging from $205.69 million to $330.82 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Advanced Accelerator Application.

A number of research firms have recently commented on AAAP. BidaskClub lowered shares of Advanced Accelerator Application from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered shares of Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a research note on Monday, November 20th. Zacks Investment Research raised shares of Advanced Accelerator Application from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Wednesday, November 1st. Finally, JMP Securities reiterated an “outperform” rating and set a $69.00 target price on shares of Advanced Accelerator Application in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.80.

Several institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its position in shares of Advanced Accelerator Application by 29.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock valued at $21,368,000 after acquiring an additional 123,619 shares during the period. PointState Capital LP acquired a new position in shares of Advanced Accelerator Application during the 2nd quarter valued at $5,247,000. Pentwater Capital Management LP acquired a new position in shares of Advanced Accelerator Application during the 3rd quarter valued at $4,192,000. Alps Advisors Inc. lifted its position in shares of Advanced Accelerator Application by 9.1% during the 3rd quarter. Alps Advisors Inc. now owns 43,308 shares of the company’s stock valued at $2,928,000 after acquiring an additional 3,614 shares during the period. Finally, State Street Corp lifted its position in shares of Advanced Accelerator Application by 1.3% during the 2nd quarter. State Street Corp now owns 25,995 shares of the company’s stock valued at $1,014,000 after acquiring an additional 344 shares during the period. Institutional investors own 39.11% of the company’s stock.

Shares of Advanced Accelerator Application (AAAP) opened at $81.85 on Friday. Advanced Accelerator Application has a 12 month low of $27.01 and a 12 month high of $81.86. The company has a market cap of $3,630.00 and a price-to-earnings ratio of -51.48.

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About Advanced Accelerator Application

Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.

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Earnings History and Estimates for Advanced Accelerator Application (NASDAQ:AAAP)

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