Analysts Anticipate DelMar Pharmaceuticals, Inc. (DMPI) Will Post Earnings of -$0.25 Per Share
Analysts expect that DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) will report earnings of ($0.25) per share for the current quarter, Zacks reports. Zero analysts have made estimates for DelMar Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.39). DelMar Pharmaceuticals reported earnings per share of ($0.17) in the same quarter last year, which would indicate a negative year over year growth rate of 47.1%. The company is expected to report its next earnings report on Tuesday, September 12th.
According to Zacks, analysts expect that DelMar Pharmaceuticals will report full year earnings of ($0.88) per share for the current fiscal year, with EPS estimates ranging from ($0.97) to ($0.77). For the next fiscal year, analysts forecast that the company will report earnings of ($0.86) per share, with EPS estimates ranging from ($1.09) to ($0.65). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover DelMar Pharmaceuticals.
Several brokerages have issued reports on DMPI. Maxim Group reissued a “buy” rating and set a $11.00 target price on shares of DelMar Pharmaceuticals in a research note on Friday, June 23rd. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of DelMar Pharmaceuticals in a research note on Tuesday, May 30th. Finally, Dawson James reissued a “buy” rating on shares of DelMar Pharmaceuticals in a research note on Tuesday, August 8th.
An institutional investor recently bought a new position in DelMar Pharmaceuticals stock. Franklin Resources Inc. bought a new stake in shares of DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,076,923 shares of the company’s stock, valued at approximately $2,477,000. 13.84% of the stock is currently owned by institutional investors.
DelMar Pharmaceuticals (NASDAQ:DMPI) traded down 8.09% on Friday, reaching $1.25. The company’s stock had a trading volume of 63,532 shares. DelMar Pharmaceuticals has a 12-month low of $1.20 and a 12-month high of $7.54. The firm has a 50-day moving average of $1.81 and a 200 day moving average of $2.89.
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DelMar Pharmaceuticals Company Profile
DelMar Pharmaceuticals, Inc is a clinical-stage drug development company. The Company focuses on the treatment of cancer. The Company is engaged in conducting clinical trials in the United States with its product candidate, VAL-083, as a treatment for glioblastoma multiforme (GBM), a form of brain cancer.
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