-$1.25 EPS Expected for La Jolla Pharmaceutical (LJPC) This Quarter
Wall Street analysts expect La Jolla Pharmaceutical (NASDAQ:LJPC) to post earnings of ($1.25) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for La Jolla Pharmaceutical’s earnings. The lowest EPS estimate is ($1.38) and the highest is ($1.10). La Jolla Pharmaceutical posted earnings of ($1.44) per share during the same quarter last year, which suggests a positive year over year growth rate of 13.2%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that La Jolla Pharmaceutical will report full-year earnings of ($4.91) per share for the current fiscal year, with EPS estimates ranging from ($5.05) to ($4.74). For the next fiscal year, analysts expect that the company will post earnings of ($4.10) per share, with EPS estimates ranging from ($5.22) to ($2.38). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow La Jolla Pharmaceutical.
La Jolla Pharmaceutical (NASDAQ:LJPC) last announced its earnings results on Thursday, October 26th. The biopharmaceutical company reported ($1.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.24) by $0.05.
In related news, Director Laura L. Douglass sold 10,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $32.32, for a total value of $323,200.00. Following the sale, the director now owns 6,000 shares in the company, valued at $193,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Carver bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was bought at an average price of $33.22 per share, for a total transaction of $33,220.00. Following the acquisition, the chief operating officer now directly owns 4,500 shares of the company’s stock, valued at approximately $149,490. The disclosure for this purchase can be found here. 25.47% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its holdings in La Jolla Pharmaceutical by 11.6% in the second quarter. Legal & General Group Plc now owns 4,456 shares of the biopharmaceutical company’s stock worth $133,000 after purchasing an additional 462 shares during the last quarter. Jane Street Group LLC purchased a new stake in La Jolla Pharmaceutical in the third quarter worth approximately $200,000. Trexquant Investment LP purchased a new stake in La Jolla Pharmaceutical in the third quarter worth approximately $217,000. Voya Investment Management LLC purchased a new stake in La Jolla Pharmaceutical in the second quarter worth approximately $243,000. Finally, Nationwide Fund Advisors boosted its holdings in La Jolla Pharmaceutical by 20.4% in the second quarter. Nationwide Fund Advisors now owns 9,952 shares of the biopharmaceutical company’s stock worth $296,000 after purchasing an additional 1,688 shares during the last quarter.
Shares of La Jolla Pharmaceutical (LJPC) traded down $1.95 on Tuesday, hitting $28.51. 431,900 shares of the company traded hands, compared to its average volume of 670,000. The company has a market capitalization of $631.36, a P/E ratio of -5.59 and a beta of 1.63. La Jolla Pharmaceutical has a 12 month low of $16.71 and a 12 month high of $39.28.
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La Jolla Pharmaceutical Company Profile
La Jolla Pharmaceutical Company is a biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapies to improve outcomes in patients suffering from life-threatening diseases. LJPC-501 is its formulation of angiotensin II for the potential treatment of catecholamine-resistant hypotension (CRH).
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