Equities analysts expect Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) to announce sales of $5.29 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Arrowhead Pharmaceuticals’ earnings. The lowest sales estimate is $3.50 million and the highest is $8.00 million. Arrowhead Pharmaceuticals posted sales of $40,000.00 in the same quarter last year, which would indicate a positive year over year growth rate of 13,125%. The company is expected to issue its next quarterly earnings report on Tuesday, August 8th.
On average, analysts expect that Arrowhead Pharmaceuticals will report full-year sales of $5.29 million for the current financial year, with estimates ranging from $13.50 million to $29.60 million. For the next year, analysts expect that the company will post sales of $14.51 million per share, with estimates ranging from $11.00 million to $17.54 million. Zacks’ sales averages are an average based on a survey of research firms that cover Arrowhead Pharmaceuticals.
Arrowhead Pharmaceuticals (NASDAQ:ARWR) last released its quarterly earnings data on Wednesday, May 3rd. The biotechnology company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. Arrowhead Pharmaceuticals had a negative net margin of 445.30% and a negative return on equity of 66.93%. The company had revenue of $8.99 million during the quarter, compared to the consensus estimate of $4.19 million.
Several equities research analysts have recently issued reports on ARWR shares. Jefferies Group LLC restated a “hold” rating and issued a $2.00 price objective on shares of Arrowhead Pharmaceuticals in a research note on Wednesday, April 12th. ValuEngine cut Arrowhead Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.80.
Arrowhead Pharmaceuticals (ARWR) traded down 6.36% on Friday, hitting $1.62. 940,231 shares of the stock were exchanged. The company’s market cap is $121.13 million. Arrowhead Pharmaceuticals has a one year low of $1.20 and a one year high of $8.22. The company’s 50 day moving average price is $1.63 and its 200-day moving average price is $1.75.
Institutional investors have recently bought and sold shares of the company. Tudor Investment Corp Et Al bought a new position in Arrowhead Pharmaceuticals during the fourth quarter valued at about $474,000. Geode Capital Management LLC boosted its position in Arrowhead Pharmaceuticals by 3.4% in the first quarter. Geode Capital Management LLC now owns 663,062 shares of the biotechnology company’s stock valued at $1,226,000 after buying an additional 21,654 shares during the period. Vanguard Group Inc. boosted its position in Arrowhead Pharmaceuticals by 13.4% in the first quarter. Vanguard Group Inc. now owns 3,165,579 shares of the biotechnology company’s stock valued at $5,857,000 after buying an additional 374,508 shares during the period. Teachers Advisors LLC boosted its position in Arrowhead Pharmaceuticals by 20.5% in the first quarter. Teachers Advisors LLC now owns 135,684 shares of the biotechnology company’s stock valued at $251,000 after buying an additional 23,042 shares during the period. Finally, SG Americas Securities LLC boosted its position in Arrowhead Pharmaceuticals by 287.9% in the first quarter. SG Americas Securities LLC now owns 100,747 shares of the biotechnology company’s stock valued at $186,000 after buying an additional 74,776 shares during the period. Institutional investors own 32.83% of the company’s stock.
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About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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