Flexion Therapeutics (NASDAQ:FLXN) Announces Earnings Results, Beats Estimates By $0.01 EPS

Flexion Therapeutics (NASDAQ:FLXN) posted its quarterly earnings results on Thursday. The specialty pharmaceutical company reported ($1.00) EPS for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.01, Fidelity Earnings reports. Flexion Therapeutics had a negative return on equity of 175.29% and a negative net margin of 368.31%. The business had revenue of $21.79 million during the quarter, compared to analysts’ expectations of $18.85 million.

FLXN stock traded down $0.69 during mid-day trading on Friday, hitting $16.43. 1,132,400 shares of the company were exchanged, compared to its average volume of 622,178. The business has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $12.36. The stock has a market capitalization of $655.05 million, a PE ratio of -3.66 and a beta of 1.38. Flexion Therapeutics has a 1-year low of $8.76 and a 1-year high of $17.82. The company has a current ratio of 7.80, a quick ratio of 7.33 and a debt-to-equity ratio of 3.95.

A number of equities analysts recently commented on the company. Northland Securities set a $20.00 price target on Flexion Therapeutics and gave the stock a “buy” rating in a report on Tuesday, September 10th. BidaskClub upgraded Flexion Therapeutics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. ValuEngine cut Flexion Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Zacks Investment Research cut Flexion Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.57.

Flexion Therapeutics Company Profile

Flexion Therapeutics, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of anti-inflammatory and analgesic therapies for the treatment of patients with musculoskeletal conditions. It offers ZILRETTA, an intra-articular injection for the management of osteoarthritis (OA) pain of the knee in the United States.

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Earnings History for Flexion Therapeutics (NASDAQ:FLXN)

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