Collegium Pharmaceutical Inc (NASDAQ:COLL) to Release Earnings on Tuesday
Collegium Pharmaceutical Inc (NASDAQ:COLL) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 8th. Analysts expect Collegium Pharmaceutical to post earnings of ($0.81) per share for the quarter.
Collegium Pharmaceutical (NASDAQ:COLL) last released its quarterly earnings results on Wednesday, May 10th. The specialty pharmaceutical company reported ($0.79) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.98) by $0.19. Collegium Pharmaceutical had a negative return on equity of 74.27% and a negative net margin of 1,062.52%. The business had revenue of $2.17 million during the quarter, compared to analyst estimates of $3.55 million. On average, analysts expect Collegium Pharmaceutical to post $-3.13 EPS for the current fiscal year and $-1.96 EPS for the next fiscal year.
Shares of Collegium Pharmaceutical Inc (COLL) opened at 11.32 on Monday. Collegium Pharmaceutical Inc has a 12-month low of $7.37 and a 12-month high of $20.55. The company’s market cap is $333.46 million. The firm’s 50-day moving average price is $12.18 and its 200 day moving average price is $12.12.
In other Collegium Pharmaceutical news, insider Paul Brannelly purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $9.18 per share, for a total transaction of $91,800.00. Following the purchase, the insider now directly owns 110,227 shares in the company, valued at $1,011,883.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.76% of the stock is owned by insiders.
A number of research firms have weighed in on COLL. Needham & Company LLC reduced their price objective on Collegium Pharmaceutical from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 11th. BidaskClub lowered Collegium Pharmaceutical from a “hold” rating to a “sell” rating in a research note on Friday. Piper Jaffray Companies set a $14.00 price target on Collegium Pharmaceutical and gave the company a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and issued a $22.00 price target (down previously from $24.00) on shares of Collegium Pharmaceutical in a research note on Thursday, May 11th. Finally, Zacks Investment Research lowered Collegium Pharmaceutical from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Three research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.33.
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About Collegium Pharmaceutical
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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