Analysts Expect DelMar Pharmaceuticals Inc (DMPI) to Post -$0.15 Earnings Per Share

Brokerages predict that DelMar Pharmaceuticals Inc (NASDAQ:DMPI) will announce earnings per share of ($0.15) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for DelMar Pharmaceuticals’ earnings. DelMar Pharmaceuticals posted earnings of ($0.13) per share in the same quarter last year, which indicates a negative year over year growth rate of 15.4%. The firm is expected to issue its next earnings report on Friday, February 9th.

On average, analysts expect that DelMar Pharmaceuticals will report full-year earnings of ($0.54) per share for the current year. For the next year, analysts forecast that the company will post earnings of ($0.69) per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow DelMar Pharmaceuticals.

DelMar Pharmaceuticals (NASDAQ:DMPI) last released its quarterly earnings results on Monday, November 13th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01).

Separately, HC Wainwright set a $12.00 price target on DelMar Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, January 4th.

In other news, CEO Saiid Zarrabian bought 60,900 shares of DelMar Pharmaceuticals stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $0.82 per share, for a total transaction of $49,938.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several hedge funds have recently bought and sold shares of DMPI. Susquehanna International Group LLP purchased a new position in shares of DelMar Pharmaceuticals during the 3rd quarter worth approximately $306,000. Sabby Management LLC purchased a new position in shares of DelMar Pharmaceuticals during the 2nd quarter worth approximately $1,484,000. Finally, Franklin Resources Inc. purchased a new position in shares of DelMar Pharmaceuticals during the 2nd quarter worth approximately $2,477,000. Hedge funds and other institutional investors own 16.91% of the company’s stock.

DelMar Pharmaceuticals (NASDAQ:DMPI) traded up $0.09 on Friday, reaching $1.40. The company’s stock had a trading volume of 230,178 shares, compared to its average volume of 1,380,000. The company has a market cap of $32.32, a price-to-earnings ratio of -2.06 and a beta of 1,227.20. DelMar Pharmaceuticals has a fifty-two week low of $0.78 and a fifty-two week high of $5.39.

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About DelMar Pharmaceuticals

DelMar Pharmaceuticals, Inc is a clinical-stage drug development company. The Company focuses on the treatment of cancer. The Company is engaged in conducting clinical trials in the United States with its product candidate, VAL-083, as a treatment for glioblastoma multiforme (GBM), a form of brain cancer.

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