Brokerages Anticipate IntelliPharmaCeutics Intl Inc (IPCI) to Post -$0.07 Earnings Per Share

Wall Street brokerages expect IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) (TSE:I) to announce earnings per share (EPS) of ($0.07) for the current quarter, Zacks reports. Three analysts have provided estimates for IntelliPharmaCeutics Intl’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.05). IntelliPharmaCeutics Intl posted earnings of ($0.14) per share during the same quarter last year, which would indicate a positive year over year growth rate of 50%. The firm is expected to announce its next quarterly earnings results on Friday, February 16th.

On average, analysts expect that IntelliPharmaCeutics Intl will report full year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.29) to ($0.24). For the next year, analysts forecast that the company will post earnings of ($0.13) per share, with EPS estimates ranging from ($0.25) to ($0.01). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow IntelliPharmaCeutics Intl.

Several equities analysts have commented on IPCI shares. HC Wainwright set a $3.00 price target on shares of IntelliPharmaCeutics Intl and gave the company a “buy” rating in a research note on Monday. Maxim Group set a $2.00 price target on shares of IntelliPharmaCeutics Intl and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of IntelliPharmaCeutics Intl from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. IntelliPharmaCeutics Intl currently has a consensus rating of “Hold” and an average price target of $2.53.

IntelliPharmaCeutics Intl (IPCI) remained flat at $$0.77 during mid-day trading on Wednesday. The company had a trading volume of 78,735 shares, compared to its average volume of 504,201. IntelliPharmaCeutics Intl has a 12-month low of $0.70 and a 12-month high of $2.92. The stock has a market capitalization of $24.50, a PE ratio of -2.19 and a beta of 1.06.

A hedge fund recently raised its stake in IntelliPharmaCeutics Intl stock. Advisor Group Inc. raised its stake in IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) (TSE:I) by 57.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,409 shares of the company’s stock after purchasing an additional 17,342 shares during the period. Advisor Group Inc. owned 0.16% of IntelliPharmaCeutics Intl worth $100,000 as of its most recent SEC filing. 3.28% of the stock is currently owned by hedge funds and other institutional investors.

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About IntelliPharmaCeutics Intl

Intellipharmaceutics International Inc is a Canada-based pharmaceutical company engaged in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. Its Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals.

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