Valeritas Holdings, Inc. (NASDAQ:VLRX) Set to Announce Earnings on Tuesday
Valeritas Holdings, Inc. (NASDAQ:VLRX) is set to post its quarterly earnings results on Tuesday, August 8th. Analysts expect Valeritas Holdings to post earnings of ($1.87) per share for the quarter.
Valeritas Holdings (NASDAQ:VLRX) last released its quarterly earnings data on Friday, May 12th. The company reported ($6.92) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.72) by $4.20. The business had revenue of $4.61 million for the quarter, compared to analysts’ expectations of $4.64 million. On average, analysts expect Valeritas Holdings to post $-8.23 EPS for the current fiscal year and $-4.93 EPS for the next fiscal year.
Valeritas Holdings, Inc. (NASDAQ:VLRX) opened at 5.35 on Monday. Valeritas Holdings, Inc. has a 52-week low of $4.51 and a 52-week high of $50.00. The firm’s 50-day moving average is $5.89 and its 200-day moving average is $13.58. The company’s market capitalization is $36.60 million.
In other Valeritas Holdings news, insider John Edward Timberlake bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $5.14 per share, with a total value of $25,700.00. Following the transaction, the insider now directly owns 23,037 shares in the company, valued at approximately $118,410.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 11,500 shares of company stock valued at $57,615. Insiders own 1.20% of the company’s stock.
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VLRX has been the subject of several research analyst reports. ValuEngine lowered Valeritas Holdings from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 11th. Cowen and Company initiated coverage on Valeritas Holdings in a research report on Monday, April 17th. They set an “outperform” rating for the company. Wedbush initiated coverage on Valeritas Holdings in a research report on Monday, July 10th. They set an “outperform” rating and a $12.00 target price for the company. Finally, B. Riley reaffirmed a “buy” rating and set a $10.00 target price on shares of Valeritas Holdings in a research report on Friday, May 12th.
Valeritas Holdings Company Profile
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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