Catalyst Pharmaceuticals Inc (CPRX) Expected to Announce Earnings of -$0.06 Per Share

Equities analysts expect that Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) will report earnings per share of ($0.06) for the current quarter, Zacks reports. Zero analysts have made estimates for Catalyst Pharmaceuticals’ earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.07). Catalyst Pharmaceuticals posted earnings of ($0.05) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The firm is expected to report its next quarterly earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Catalyst Pharmaceuticals will report full year earnings of ($0.22) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.20). For the next year, analysts anticipate that the firm will report earnings of ($0.28) per share, with EPS estimates ranging from ($0.45) to ($0.13). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Catalyst Pharmaceuticals.

Catalyst Pharmaceuticals (NASDAQ:CPRX) last released its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01.

CPRX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Catalyst Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of Catalyst Pharmaceuticals in a report on Friday, November 10th. BidaskClub downgraded Catalyst Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Piper Jaffray Companies set a $8.00 target price on Catalyst Pharmaceuticals and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, Roth Capital set a $5.00 target price on Catalyst Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Catalyst Pharmaceuticals has an average rating of “Hold” and an average target price of $6.25.

Catalyst Pharmaceuticals (NASDAQ CPRX) traded down $0.05 on Friday, reaching $3.62. The company’s stock had a trading volume of 224,905 shares, compared to its average volume of 680,731. The company has a market cap of $307.24, a price-to-earnings ratio of -17.24 and a beta of 1.68. Catalyst Pharmaceuticals has a fifty-two week low of $1.03 and a fifty-two week high of $4.51.

Several hedge funds have recently bought and sold shares of the business. OxFORD Asset Management LLP grew its holdings in shares of Catalyst Pharmaceuticals by 46.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 86,168 shares of the biopharmaceutical company’s stock worth $238,000 after acquiring an additional 27,228 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Catalyst Pharmaceuticals by 23.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 148,704 shares of the biopharmaceutical company’s stock worth $582,000 after acquiring an additional 28,204 shares during the period. Nationwide Fund Advisors purchased a new position in shares of Catalyst Pharmaceuticals during the 2nd quarter worth approximately $111,000. New York State Common Retirement Fund purchased a new position in shares of Catalyst Pharmaceuticals during the 2nd quarter worth approximately $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Catalyst Pharmaceuticals in the 3rd quarter worth approximately $144,000. Hedge funds and other institutional investors own 34.71% of the company’s stock.

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About Catalyst Pharmaceuticals

Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.

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Earnings History and Estimates for Catalyst Pharmaceuticals (NASDAQ:CPRX)

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