Depomed (DEPO) to Release Earnings on Monday

Depomed (NASDAQ:DEPO) is scheduled to be releasing its earnings data after the market closes on Monday, February 19th. Analysts expect Depomed to post earnings of $0.12 per share for the quarter.

Depomed (DEPO) opened at $6.46 on Monday. The company has a market cap of $407.06, a PE ratio of -3.53 and a beta of 1.07. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.90. Depomed has a fifty-two week low of $4.31 and a fifty-two week high of $17.86.

A number of research firms have recently commented on DEPO. Royal Bank of Canada set a $9.00 target price on shares of Depomed and gave the stock a “hold” rating in a report on Thursday, December 7th. Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 target price on shares of Depomed in a report on Thursday, December 7th. BidaskClub cut shares of Depomed from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. ValuEngine raised shares of Depomed from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, Mizuho raised shares of Depomed from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.64.

In other Depomed news, insider Arthur J. Higgins acquired 75,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $8.16 per share, for a total transaction of $612,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.59% of the stock is owned by company insiders.

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Depomed Company Profile

Depomed, Inc is a specialty pharmaceutical company. The Company focuses on pain and other central nervous system (CNS) conditions. Its products include NUCYNTA ER (tapentadol extended release tablets), NUCYNTA IR (NUCYNTA) (tapentadol), Gralise (gabapentin), CAMBIA (diclofenac potassium for oral solution), Zipsor (diclofenac potassium) and Lazanda (fentanyl).

Earnings History for Depomed (NASDAQ:DEPO)

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