-$0.43 Earnings Per Share Expected for Minerva Neurosciences, Inc (NERV) This Quarter

Brokerages predict that Minerva Neurosciences, Inc (NASDAQ:NERV) will report ($0.43) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for Minerva Neurosciences’ earnings. Minerva Neurosciences reported earnings of ($0.27) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 59.3%. The business is expected to report its next quarterly earnings report on Monday, March 12th.

According to Zacks, analysts expect that Minerva Neurosciences will report full year earnings of ($1.28) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of ($1.50) per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Minerva Neurosciences.

Minerva Neurosciences (NASDAQ:NERV) last issued its quarterly earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.28) earnings per share for the quarter. During the same period in the prior year, the firm earned ($0.24) earnings per share.

NERV has been the topic of several analyst reports. BidaskClub raised Minerva Neurosciences from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded Minerva Neurosciences from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research downgraded Minerva Neurosciences from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.94.

Shares of Minerva Neurosciences (NASDAQ NERV) opened at $6.55 on Friday. Minerva Neurosciences has a 1-year low of $4.80 and a 1-year high of $11.20. The company has a market capitalization of $251.55, a price-to-earnings ratio of -5.90 and a beta of 1.53.

In other Minerva Neurosciences news, CFO Geoff Race sold 5,829 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $5.79, for a total value of $33,749.91. Following the sale, the chief financial officer now directly owns 197,698 shares of the company’s stock, valued at $1,144,671.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 12,590 shares of company stock worth $73,073 over the last three months. Corporate insiders own 21.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Minerva Neurosciences by 13.7% during the second quarter. FMR LLC now owns 5,660,794 shares of the biopharmaceutical company’s stock valued at $50,098,000 after purchasing an additional 680,000 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Minerva Neurosciences by 39.0% during the second quarter. Franklin Resources Inc. now owns 1,158,100 shares of the biopharmaceutical company’s stock valued at $10,249,000 after purchasing an additional 325,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Minerva Neurosciences by 14.4% during the second quarter. Vanguard Group Inc. now owns 1,074,239 shares of the biopharmaceutical company’s stock valued at $9,507,000 after purchasing an additional 134,942 shares in the last quarter. Sphera Funds Management LTD. lifted its holdings in shares of Minerva Neurosciences by 31.9% during the third quarter. Sphera Funds Management LTD. now owns 625,000 shares of the biopharmaceutical company’s stock valued at $4,750,000 after purchasing an additional 151,231 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Minerva Neurosciences during the third quarter valued at $2,835,000. 73.68% of the stock is currently owned by hedge funds and other institutional investors.

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Minerva Neurosciences Company Profile

Minerva Neurosciences, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of a portfolio of product candidates to treat patients suffering from central nervous system (CNS) diseases. The Company’s product portfolio and indications include MIN-101 for the treatment of schizophrenia; MIN-202, for the treatment of insomnia disorder and major depressive disorder (MDD); MIN-117, for the treatment of MDD, and MIN-301 for the treatment of Parkinson’s disease.

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