-$0.87 EPS Expected for Heron Therapeutics, Inc. (HRTX) This Quarter
Wall Street analysts predict that Heron Therapeutics, Inc. (NASDAQ:HRTX) will report ($0.87) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Heron Therapeutics’ earnings, with estimates ranging from ($0.90) to ($0.82). Heron Therapeutics reported earnings per share of ($1.24) in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.8%. The company is expected to report its next quarterly earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Heron Therapeutics will report full year earnings of ($3.50) per share for the current fiscal year, with EPS estimates ranging from ($3.65) to ($3.36). For the next financial year, analysts anticipate that the firm will post earnings of ($2.21) per share, with EPS estimates ranging from ($3.52) to ($1.38). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Heron Therapeutics.
Heron Therapeutics (NASDAQ:HRTX) last announced its quarterly earnings data on Wednesday, August 9th. The biotechnology company reported ($0.80) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.90) by $0.10. The business had revenue of $8.51 million during the quarter, compared to analysts’ expectations of $4.53 million.
A number of brokerages have issued reports on HRTX. BidaskClub raised Heron Therapeutics from a “sell” rating to a “hold” rating in a research note on Saturday. Cowen and Company set a $40.00 price objective on Heron Therapeutics and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Aegis reissued a “buy” rating and set a $33.00 price objective on shares of Heron Therapeutics in a research report on Tuesday, July 18th. Noble Financial reissued a “buy” rating on shares of Heron Therapeutics in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $26.00 price objective on shares of Heron Therapeutics in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.00.
Shares of Heron Therapeutics (NASDAQ HRTX) opened at 16.40 on Friday. The stock has a 50 day moving average of $15.77 and a 200-day moving average of $14.76. Heron Therapeutics has a 52 week low of $12.21 and a 52 week high of $20.85.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its position in Heron Therapeutics by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 57,858 shares of the biotechnology company’s stock worth $758,000 after buying an additional 1,924 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Heron Therapeutics by 11.3% in the first quarter. Nationwide Fund Advisors now owns 21,972 shares of the biotechnology company’s stock worth $330,000 after buying an additional 2,233 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Heron Therapeutics during the first quarter worth $435,000. Russell Investments Group Ltd. acquired a new position in shares of Heron Therapeutics during the first quarter worth $532,000. Finally, Rubric Capital Management LP raised its position in shares of Heron Therapeutics by 190.9% in the first quarter. Rubric Capital Management LP now owns 1,600,000 shares of the biotechnology company’s stock worth $24,000,000 after buying an additional 1,050,000 shares in the last quarter.
Heron Therapeutics Company Profile
Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.
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