$13.32 Million in Sales Expected for Recro Pharma Inc (REPH) This Quarter
Equities research analysts forecast that Recro Pharma Inc (NASDAQ:REPH) will report $13.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Recro Pharma’s earnings. The highest sales estimate is $13.35 million and the lowest is $13.30 million. Recro Pharma posted sales of $17.36 million during the same quarter last year, which suggests a negative year-over-year growth rate of 23.3%. The firm is scheduled to announce its next earnings report on Monday, March 5th.
On average, analysts expect that Recro Pharma will report full year sales of $13.32 million for the current fiscal year, with estimates ranging from $62.50 million to $66.14 million. For the next financial year, analysts forecast that the company will report sales of $66.09 million per share, with estimates ranging from $63.60 million to $70.93 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Recro Pharma.
Recro Pharma (NASDAQ:REPH) last posted its quarterly earnings data on Thursday, November 9th. The specialty pharmaceutical company reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.27. Recro Pharma had a negative net margin of 51.88% and a negative return on equity of 60.01%.
In related news, major shareholder Scp Vitalife Partners (Israel) sold 12,964 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $8.88, for a total transaction of $115,120.32. Following the transaction, the insider now directly owns 734,269 shares of the company’s stock, valued at $6,520,308.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Healthcare Master Fun Broadfin sold 102,440 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $9.50, for a total transaction of $973,180.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 860,414 shares of company stock worth $8,289,916. 21.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. bought a new position in shares of Recro Pharma in the second quarter valued at $215,000. Bank of New York Mellon Corp lifted its stake in shares of Recro Pharma by 182.7% in the second quarter. Bank of New York Mellon Corp now owns 50,532 shares of the specialty pharmaceutical company’s stock valued at $355,000 after buying an additional 32,655 shares in the last quarter. Teachers Advisors LLC bought a new position in shares of Recro Pharma in the second quarter valued at $162,000. TIAA CREF Investment Management LLC bought a new position in shares of Recro Pharma in the second quarter valued at $249,000. Finally, Northern Trust Corp lifted its stake in shares of Recro Pharma by 428.5% in the second quarter. Northern Trust Corp now owns 178,437 shares of the specialty pharmaceutical company’s stock valued at $1,254,000 after buying an additional 144,676 shares in the last quarter. 61.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Recro Pharma (REPH) opened at $8.87 on Thursday. Recro Pharma has a 12-month low of $5.81 and a 12-month high of $10.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.35 and a current ratio of 1.59. The firm has a market cap of $169.63, a price-to-earnings ratio of -4.13 and a beta of -0.50.
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Recro Pharma Company Profile
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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