Zacks: Analysts Anticipate Intec Pharma Ltd (NTEC) Will Announce Earnings of -$0.19 Per Share

Analysts predict that Intec Pharma Ltd (NASDAQ:NTEC) will report ($0.19) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Intec Pharma’s earnings. Intec Pharma reported earnings of ($0.32) per share in the same quarter last year, which suggests a positive year over year growth rate of 40.6%. The firm is expected to issue its next quarterly earnings report on Friday, April 6th.

According to Zacks, analysts expect that Intec Pharma will report full-year earnings of ($1.35) per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of ($0.89) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Intec Pharma.

Intec Pharma (NASDAQ:NTEC) last issued its earnings results on Wednesday, November 15th. The biotechnology company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.06).

Several research analysts have commented on NTEC shares. ValuEngine downgraded Intec Pharma from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Zacks Investment Research raised Intec Pharma from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Oppenheimer set a $15.00 target price on Intec Pharma and gave the stock a “buy” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.20.

Intec Pharma (NTEC) opened at $6.50 on Friday. Intec Pharma has a 52 week low of $4.20 and a 52 week high of $9.80.

Large investors have recently added to or reduced their stakes in the company. Sectoral Asset Management Inc bought a new stake in shares of Intec Pharma during the third quarter worth about $3,177,000. Caxton Corp bought a new stake in shares of Intec Pharma during the third quarter worth about $681,000. Pura Vida Investments LLC bought a new stake in shares of Intec Pharma during the third quarter worth about $895,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Intec Pharma by 5.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 522,200 shares of the biotechnology company’s stock worth $2,977,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors own 40.16% of the company’s stock.

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Intec Pharma Company Profile

Intec Pharma Ltd is an Israel-based drug development company. It is a development stage biopharmaceutical company that develops formulations of drugs using its proprietary gastric retention technology, the Accordion Pill. The Accordion Pill, a novel gastro-retentive delivery system, improves the pharmacokinetics and pharmacodynamics of various drugs.

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Earnings History and Estimates for Intec Pharma (NASDAQ:NTEC)

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