Research Analysts Set Expectations for Urogen Pharma Ltd’s Q4 2017 Earnings (URGN)

Urogen Pharma Ltd (NASDAQ:URGN) – Investment analysts at Jefferies Group raised their Q4 2017 earnings per share estimates for shares of Urogen Pharma in a research report issued to clients and investors on Tuesday. Jefferies Group analyst M. Andrews now forecasts that the company will post earnings per share of ($0.60) for the quarter, up from their prior forecast of ($0.67). Jefferies Group also issued estimates for Urogen Pharma’s FY2018 earnings at ($2.24) EPS, FY2019 earnings at ($2.34) EPS, FY2020 earnings at ($1.26) EPS and FY2021 earnings at ($0.75) EPS.

Urogen Pharma (NASDAQ:URGN) last announced its quarterly earnings data on Tuesday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.10).

URGN has been the topic of several other research reports. Cowen restated a “buy” rating on shares of Urogen Pharma in a research note on Wednesday, November 15th. Raymond James Financial cut Urogen Pharma from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. Oppenheimer set a $51.00 price objective on Urogen Pharma and gave the company an “outperform” rating in a research note on Tuesday, November 14th. CIBC reiterated an “outperform” rating and set a $51.00 price target (up from $32.00) on shares of Urogen Pharma in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Urogen Pharma from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.00.

Shares of Urogen Pharma (URGN) opened at $50.64 on Thursday. Urogen Pharma has a one year low of $13.01 and a one year high of $56.56.

Several institutional investors have recently made changes to their positions in URGN. State of Tennessee Treasury Department bought a new position in Urogen Pharma in the 3rd quarter worth approximately $158,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Urogen Pharma in the 4th quarter worth approximately $166,000. JPMorgan Chase & Co. bought a new position in Urogen Pharma in the 3rd quarter worth approximately $168,000. MYDA Advisors LLC bought a new position in Urogen Pharma in the 4th quarter worth approximately $223,000. Finally, Goldman Sachs Group Inc. bought a new position in Urogen Pharma in the 4th quarter worth approximately $234,000. Institutional investors and hedge funds own 32.63% of the company’s stock.

In other news, major shareholder Proquest Investments Iv, L.P. sold 209,298 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $40.60, for a total transaction of $8,497,498.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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About Urogen Pharma

Urogen Pharma Ltd, formerly Theracoat Ltd, is an Israel-based clinical-stage biopharmaceutical company. It is engaged in developing therapies designed to care for urological pathologies. Its lead product candidates include MitoGel and VesiGel. MiroGel is a sustained release formulation of the chemotherapy agent Mitomycin C for the treatment of low-grade upper tract urothelial carcinoma, an urothelial cancer in the upper tract.

Earnings History and Estimates for Urogen Pharma (NASDAQ:URGN)

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