$13.32 Million in Sales Expected for Recro Pharma Inc (REPH) This Quarter

Analysts predict that Recro Pharma Inc (NASDAQ:REPH) will post sales of $13.32 million for the current quarter, according to Zacks. Two analysts have issued estimates for Recro Pharma’s earnings, with estimates ranging from $13.30 million to $13.35 million. Recro Pharma reported sales of $17.36 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.3%. The company is expected to announce its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Recro Pharma will report full-year sales of $13.32 million for the current year, with estimates ranging from $62.50 million to $66.14 million. For the next fiscal year, analysts anticipate that the company will report sales of $66.11 million per share, with estimates ranging from $63.60 million to $71.00 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Recro Pharma.

Recro Pharma (NASDAQ:REPH) last issued its quarterly earnings results on Thursday, November 9th. The specialty pharmaceutical company reported ($0.48) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.75) by $0.27. Recro Pharma had a negative return on equity of 60.01% and a negative net margin of 51.88%.

Several brokerages have recently commented on REPH. Zacks Investment Research downgraded Recro Pharma from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $11.00 target price on shares of Recro Pharma in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.65.

In related news, major shareholder Scp Vitalife Partners Ii Lp sold 13,189 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $9.56, for a total value of $126,086.84. Following the transaction, the insider now owns 2,243,064 shares of the company’s stock, valued at approximately $21,443,691.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Healthcare Master Fun Broadfin sold 172,208 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $9.45, for a total transaction of $1,627,365.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 860,414 shares of company stock valued at $8,289,916. 21.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in REPH. Teachers Advisors LLC bought a new position in Recro Pharma in the 2nd quarter valued at about $162,000. California State Teachers Retirement System bought a new position in Recro Pharma in the 2nd quarter valued at about $169,000. JPMorgan Chase & Co. lifted its position in Recro Pharma by 183.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,784 shares of the specialty pharmaceutical company’s stock valued at $197,000 after acquiring an additional 14,098 shares in the last quarter. Strs Ohio lifted its position in Recro Pharma by 455.0% in the 4th quarter. Strs Ohio now owns 22,200 shares of the specialty pharmaceutical company’s stock valued at $205,000 after acquiring an additional 18,200 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new position in Recro Pharma in the 2nd quarter valued at about $215,000. 61.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Recro Pharma (REPH) opened at $8.30 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.35 and a debt-to-equity ratio of 0.50. Recro Pharma has a 1-year low of $5.81 and a 1-year high of $10.59. The firm has a market capitalization of $166.22, a PE ratio of -3.79 and a beta of -0.60.

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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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