-$0.33 Earnings Per Share Expected for Advanced Accelerator Application SA (AAAP) This Quarter

Wall Street analysts expect that Advanced Accelerator Application SA (NASDAQ:AAAP) will report earnings of ($0.33) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Advanced Accelerator Application’s earnings. Advanced Accelerator Application posted earnings of ($0.18) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 83.3%. The firm is expected to announce its next earnings report on Thursday, March 22nd.

On average, analysts expect that Advanced Accelerator Application will report full-year earnings of ($0.89) per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $0.17 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Advanced Accelerator Application.

Advanced Accelerator Application (NASDAQ:AAAP) last announced its quarterly earnings results on Friday, November 17th. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.43). Advanced Accelerator Application had a negative net margin of 43.93% and a negative return on equity of 20.59%.

Several brokerages have recently weighed in on AAAP. BidaskClub cut Advanced Accelerator Application from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Zacks Investment Research cut Advanced Accelerator Application from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. cut Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 price target on the stock. in a research report on Monday, November 20th. ValuEngine upgraded Advanced Accelerator Application from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, JMP Securities cut Advanced Accelerator Application from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $69.80.

Shares of Advanced Accelerator Application (NASDAQ AAAP) traded up $0.05 on Wednesday, hitting $81.45. The stock had a trading volume of 4,508 shares, compared to its average volume of 165,160. Advanced Accelerator Application has a 12-month low of $34.30 and a 12-month high of $82.74. The company has a market capitalization of $3,572.17, a PE ratio of -62.18 and a beta of 0.61.

Several hedge funds have recently bought and sold shares of AAAP. Advisor Group Inc. increased its position in shares of Advanced Accelerator Application by 123.7% in the third quarter. Advisor Group Inc. now owns 1,528 shares of the company’s stock worth $103,000 after purchasing an additional 845 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Advanced Accelerator Application by 81.5% in the second quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock worth $177,000 after purchasing an additional 2,027 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Advanced Accelerator Application in the third quarter worth approximately $204,000. Empirical Finance LLC bought a new position in shares of Advanced Accelerator Application in the third quarter worth approximately $265,000. Finally, Citadel Advisors LLC bought a new position in shares of Advanced Accelerator Application in the third quarter worth approximately $388,000. Institutional investors own 40.11% of the company’s stock.

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Advanced Accelerator Application Company Profile

Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.

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Earnings History and Estimates for Advanced Accelerator Application (NASDAQ:AAAP)

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