ArQule, Inc. to Post Q1 2018 Earnings of ($0.05) Per Share, B. Riley Forecasts (ARQL)

ArQule, Inc. (NASDAQ:ARQL) – Investment analysts at B. Riley lifted their Q1 2018 earnings per share (EPS) estimates for shares of ArQule in a research report issued to clients and investors on Monday. B. Riley analyst G. Zavoico now expects that the biotechnology company will post earnings per share of ($0.05) for the quarter, up from their previous estimate of ($0.09). B. Riley currently has a “Buy” rating and a $3.00 target price on the stock. B. Riley also issued estimates for ArQule’s Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.32) EPS, FY2019 earnings at ($0.34) EPS, FY2020 earnings at ($0.32) EPS and FY2021 earnings at ($0.34) EPS.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC upgraded shares of ArQule from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded shares of ArQule from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded shares of ArQule from a “strong sell” rating to a “sell” rating in a research report on Friday, November 17th.

ArQule (NASDAQ:ARQL) opened at $1.61 on Wednesday. The company has a market cap of $135.02, a price-to-earnings ratio of -4.02 and a beta of 1.48. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.45 and a current ratio of 3.45. ArQule has a 12-month low of $0.92 and a 12-month high of $1.98.

A number of institutional investors have recently made changes to their positions in ARQL. Curbstone Financial Management Corp raised its position in ArQule by 100.0% during the 3rd quarter. Curbstone Financial Management Corp now owns 104,572 shares of the biotechnology company’s stock worth $116,000 after buying an additional 52,286 shares during the last quarter. Northern Trust Corp increased its holdings in shares of ArQule by 0.9% in the 2nd quarter. Northern Trust Corp now owns 154,513 shares of the biotechnology company’s stock valued at $192,000 after purchasing an additional 1,385 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of ArQule by 343.8% in the 4th quarter. Virtu Financial LLC now owns 129,038 shares of the biotechnology company’s stock valued at $213,000 after purchasing an additional 99,964 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of ArQule in the 3rd quarter valued at about $2,220,000. Finally, Renaissance Technologies LLC increased its holdings in shares of ArQule by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,295,703 shares of the biotechnology company’s stock valued at $3,788,000 after purchasing an additional 315,203 shares in the last quarter. Institutional investors own 54.86% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/arqule-inc-to-post-q1-2018-earnings-of-0-05-per-share-b-riley-forecasts-arql.html.

ArQule Company Profile

ArQule, Inc is a biopharmaceutical company. The Company is engaged in the research and development of therapeutics to treat cancers and rare diseases. These drugs focuses on the biological pathways implicated in a range of cancers and certain non-oncology indications. Its clinical-stage pipeline consists of over four drug candidates, all of which are in targeted patient populations.

Receive News & Ratings for ArQule Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArQule and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply