Recro Pharma, Inc. (NASDAQ:REPH) Expected to Post Earnings of -$0.53 Per Share
Brokerages predict that Recro Pharma, Inc. (NASDAQ:REPH) will report earnings per share (EPS) of ($0.53) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Recro Pharma’s earnings. The lowest EPS estimate is ($0.59) and the highest is ($0.45). Recro Pharma posted earnings of ($0.83) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 36.1%. The company is expected to issue its next quarterly earnings results on Thursday, August 10th.
On average, analysts expect that Recro Pharma will report full-year earnings of ($2.35) per share for the current year, with EPS estimates ranging from ($2.51) to ($2.24). For the next year, analysts anticipate that the business will report earnings of ($2.60) per share, with EPS estimates ranging from ($3.25) to ($2.08). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Recro Pharma.
Recro Pharma (NASDAQ:REPH) last released its earnings results on Thursday, May 11th. The specialty pharmaceutical company reported ($0.42) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.15. The firm had revenue of $18.74 million during the quarter, compared to analyst estimates of $15.58 million. Recro Pharma had a negative net margin of 45.15% and a negative return on equity of 61.09%.
A number of analysts have recently issued reports on the stock. Roth Capital set a $20.00 target price on shares of Recro Pharma and gave the stock a “buy” rating in a research note on Saturday, May 13th. Zacks Investment Research cut shares of Recro Pharma from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Janney Montgomery Scott cut shares of Recro Pharma from a “buy” rating to a “fair value” rating and dropped their target price for the company from $21.00 to $6.50 in a research report on Wednesday, June 14th. Finally, Aegis restated a “buy” rating and issued a $11.00 target price on shares of Recro Pharma in a research report on Monday, March 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Recro Pharma presently has a consensus rating of “Buy” and an average price target of $14.14.
In other Recro Pharma news, major shareholder Stonepine Capital Management, sold 217,308 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $7.70, for a total transaction of $1,673,271.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James E. Flynn sold 110,447 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $6.39, for a total transaction of $705,756.33. The disclosure for this sale can be found here. Insiders have sold a total of 1,187,699 shares of company stock worth $8,749,514 in the last quarter. 21.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REPH. Numeric Investors LLC acquired a new position in Recro Pharma during the fourth quarter valued at $556,000. Opus Point Partners Management LLC acquired a new position in Recro Pharma during the fourth quarter valued at $322,000. Acadian Asset Management LLC acquired a new position in Recro Pharma during the first quarter valued at $150,000. Janney Montgomery Scott LLC increased its position in Recro Pharma by 17.8% in the first quarter. Janney Montgomery Scott LLC now owns 12,485 shares of the specialty pharmaceutical company’s stock valued at $109,000 after buying an additional 1,885 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Recro Pharma by 3.0% in the first quarter. Wells Fargo & Company MN now owns 17,200 shares of the specialty pharmaceutical company’s stock valued at $150,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.
Recro Pharma (NASDAQ:REPH) traded up 0.56% on Thursday, reaching $7.24. 12,967 shares of the company’s stock were exchanged. Recro Pharma has a 12 month low of $5.81 and a 12 month high of $12.50. The firm’s 50-day moving average is $7.40 and its 200-day moving average is $7.67. The firm’s market cap is $137.92 million.
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About Recro Pharma
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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