Zacks: Brokerages Anticipate Kamada Ltd (KMDA) to Post $0.03 Earnings Per Share

Wall Street analysts expect Kamada Ltd (NASDAQ:KMDA) to post earnings of $0.03 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kamada’s earnings, with estimates ranging from $0.02 to $0.04. Kamada posted earnings per share of ($0.10) during the same quarter last year, which indicates a positive year over year growth rate of 130%. The firm is scheduled to issue its next earnings results on Tuesday, May 15th.

On average, analysts expect that Kamada will report full-year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.18 to $0.23. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.48 per share, with EPS estimates ranging from $0.42 to $0.53. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Kamada.

Kamada (NASDAQ:KMDA) last announced its quarterly earnings results on Wednesday, February 7th. The biotechnology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. The firm had revenue of $35.71 million for the quarter, compared to analysts’ expectations of $32.90 million. Kamada had a net margin of 6.71% and a return on equity of 9.06%.

A number of research analysts have weighed in on KMDA shares. Zacks Investment Research raised shares of Kamada from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine raised shares of Kamada from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Chardan Capital began coverage on shares of Kamada in a research report on Friday, February 2nd. They set a “buy” rating and a $7.00 target price on the stock. HC Wainwright reissued a “buy” rating on shares of Kamada in a research report on Thursday, February 8th. Finally, TheStreet raised shares of Kamada from a “c” rating to a “b” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $7.00.

Shares of Kamada (KMDA) traded up $0.15 during mid-day trading on Tuesday, reaching $5.15. 9,500 shares of the company’s stock were exchanged, compared to its average volume of 30,084. The firm has a market capitalization of $201.31, a PE ratio of 30.30 and a beta of 1.14. The company has a current ratio of 3.30, a quick ratio of 2.58 and a debt-to-equity ratio of 0.02. Kamada has a 1 year low of $3.75 and a 1 year high of $8.61.

Several hedge funds and other institutional investors have recently bought and sold shares of KMDA. Vanguard Group Inc. lifted its position in shares of Kamada by 6.5% during the second quarter. Vanguard Group Inc. now owns 468,390 shares of the biotechnology company’s stock worth $2,810,000 after purchasing an additional 28,382 shares in the last quarter. Navellier & Associates Inc acquired a new position in shares of Kamada during the second quarter worth $303,000. Paulson & CO. Inc. lifted its position in shares of Kamada by 8.2% during the second quarter. Paulson & CO. Inc. now owns 790,800 shares of the biotechnology company’s stock worth $4,745,000 after purchasing an additional 60,000 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in Kamada in the third quarter valued at $246,000. Finally, Analyst IMS Investment Management Services Ltd. raised its holdings in Kamada by 125.5% in the third quarter. Analyst IMS Investment Management Services Ltd. now owns 89,843 shares of the biotechnology company’s stock valued at $431,000 after acquiring an additional 50,000 shares in the last quarter. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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About Kamada

Kamada Ltd. is an Israel-based biopharmaceutical company, which develops, produces and markets therapeutics, based on chromatographic purification technology. It offers bio-therapeutics for human use, such as specialty proteins, specific immunoglobulins, and other prescription medicines. The Company’s product line includes intravenous AAT for chronic replacement therapy in individuals with congenital alpha-1 antitrypsin deficiency; KamRAB for prophylaxis of rabies infection; KamRho-D IM for prophylaxis of Rh hemolytic disease of the newborn; KamRho-D IV for treatment of immune thrombocytopenic purpura; and IVIG, a replacement therapy in primary and secondary immune therapy.

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Earnings History and Estimates for Kamada (NASDAQ:KMDA)

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