Brokerages expect Redhill Biopharma Ltd. (NASDAQ:RDHL) to announce earnings of ($0.58) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Redhill Biopharma’s earnings, with the highest EPS estimate coming in at ($0.51) and the lowest estimate coming in at ($0.62). Redhill Biopharma reported earnings of ($0.60) per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 25th.
On average, analysts expect that Redhill Biopharma will report full-year earnings of ($2.23) per share for the current fiscal year, with EPS estimates ranging from ($2.35) to ($2.04). For the next year, analysts anticipate that the business will report earnings of ($2.23) per share, with EPS estimates ranging from ($2.40) to ($2.05). Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Redhill Biopharma.
Redhill Biopharma (NASDAQ:RDHL) last issued its earnings results on Wednesday, May 3rd. The biotechnology company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.14.
Several research analysts recently issued reports on RDHL shares. FBR & Co reiterated a “buy” rating on shares of Redhill Biopharma in a research note on Friday. HC Wainwright set a $33.00 price target on shares of Redhill Biopharma and gave the stock a “buy” rating in a research note on Thursday. Finally, Roth Capital set a $26.00 price target on shares of Redhill Biopharma and gave the stock a “buy” rating in a research note on Thursday, May 4th.
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Hedge funds have recently added to or reduced their stakes in the stock. Family Management Corp purchased a new stake in Redhill Biopharma during the first quarter worth $163,000. Jane Street Group LLC purchased a new stake in Redhill Biopharma during the first quarter worth $276,000. Oppenheimer & Co. Inc. raised its stake in Redhill Biopharma by 36.5% in the first quarter. Oppenheimer & Co. Inc. now owns 23,069 shares of the biotechnology company’s stock worth $221,000 after buying an additional 6,172 shares in the last quarter. Renaissance Technologies LLC raised its stake in Redhill Biopharma by 144.1% in the first quarter. Renaissance Technologies LLC now owns 62,000 shares of the biotechnology company’s stock worth $595,000 after buying an additional 36,600 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Redhill Biopharma by 75.0% in the first quarter. Penserra Capital Management LLC now owns 17,843 shares of the biotechnology company’s stock worth $171,000 after buying an additional 7,647 shares in the last quarter. Institutional investors and hedge funds own 12.31% of the company’s stock.
Shares of Redhill Biopharma (NASDAQ:RDHL) traded down 5.91% during mid-day trading on Friday, reaching $8.60. 170,786 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $9.68 and a 200 day moving average price of $10.06. Redhill Biopharma has a 52-week low of $8.40 and a 52-week high of $16.54. The firm’s market cap is $146.26 million.
Redhill Biopharma Company Profile
RedHill Biopharma Ltd. is a biopharmaceutical company. The Company is focused on the development and commercialization of clinical-stage, orally-administered, small molecule drugs for the treatment of gastrointestinal (GI) and inflammatory diseases and cancer. Its seven clinical-stage therapeutic candidates include RHB-105, RHB-104, BEKINDA, RHB-106, YELIVA, MESUPRON and RIZAPORT and related research and development programs.
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