Strongbridge Biopharma plc (SBBP) Expected to Announce Earnings of -$0.31 Per Share

Equities analysts forecast that Strongbridge Biopharma plc (NASDAQ:SBBP) will announce earnings of ($0.31) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Strongbridge Biopharma’s earnings, with estimates ranging from ($0.35) to ($0.25). Strongbridge Biopharma reported earnings of ($0.25) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 24%. The firm is expected to report its next quarterly earnings report on Monday, March 26th.

On average, analysts expect that Strongbridge Biopharma will report full-year earnings of ($2.86) per share for the current financial year, with EPS estimates ranging from ($2.87) to ($2.84). For the next fiscal year, analysts anticipate that the company will post earnings of ($1.22) per share, with EPS estimates ranging from ($1.49) to ($0.82). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Strongbridge Biopharma.

Strongbridge Biopharma (NASDAQ:SBBP) last issued its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.07.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Strongbridge Biopharma from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Cantor Fitzgerald set a $14.00 price target on Strongbridge Biopharma and gave the company a “buy” rating in a research note on Wednesday, January 17th. BidaskClub raised Strongbridge Biopharma from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $18.00 price target on shares of Strongbridge Biopharma in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.81.

Shares of Strongbridge Biopharma (NASDAQ:SBBP) traded up $0.17 on Wednesday, hitting $6.82. The stock had a trading volume of 87,737 shares, compared to its average volume of 360,409. The company has a quick ratio of 4.61, a current ratio of 4.70 and a debt-to-equity ratio of -1.89. Strongbridge Biopharma has a twelve month low of $2.10 and a twelve month high of $9.02. The firm has a market capitalization of $267.05, a price-to-earnings ratio of -2.01 and a beta of 1.98.

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new position in Strongbridge Biopharma in the second quarter valued at about $154,000. California State Teachers Retirement System bought a new position in Strongbridge Biopharma in the second quarter valued at approximately $277,000. Teachers Advisors LLC bought a new position in Strongbridge Biopharma in the second quarter valued at approximately $297,000. Bank of New York Mellon Corp bought a new position in Strongbridge Biopharma in the second quarter valued at approximately $331,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Strongbridge Biopharma in the second quarter valued at approximately $332,000. 57.03% of the stock is currently owned by hedge funds and other institutional investors.

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About Strongbridge Biopharma

Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.

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