Tetraphase Pharmaceuticals, Inc. (TTPH) Expected to Announce Earnings of -$0.63 Per Share
Equities analysts expect Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) to post earnings per share of ($0.63) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tetraphase Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.49) and the lowest estimate coming in at ($0.76). Tetraphase Pharmaceuticals posted earnings of ($0.58) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.6%. The firm is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Tetraphase Pharmaceuticals will report full year earnings of ($2.77) per share for the current fiscal year, with EPS estimates ranging from ($2.97) to ($2.49). For the next year, analysts expect that the company will report earnings of ($1.94) per share, with EPS estimates ranging from ($2.75) to ($1.69). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Tetraphase Pharmaceuticals.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last released its quarterly earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.07). The company had revenue of $1.59 million for the quarter, compared to analyst estimates of $1.54 million. Tetraphase Pharmaceuticals had a negative net margin of 2,092.20% and a negative return on equity of 79.79%. Tetraphase Pharmaceuticals’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.47) EPS.
A number of brokerages have weighed in on TTPH. Needham & Company LLC restated a “hold” rating on shares of Tetraphase Pharmaceuticals in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Saturday, September 23rd. BidaskClub cut shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. HC Wainwright began coverage on shares of Tetraphase Pharmaceuticals in a report on Tuesday, July 11th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $13.00 price objective on shares of Tetraphase Pharmaceuticals in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.96.
Tetraphase Pharmaceuticals (TTPH) traded up 0.15% during trading on Wednesday, reaching $6.48. The company’s stock had a trading volume of 192,740 shares. The firm’s market cap is $330.82 million. The company has a 50-day moving average of $6.97 and a 200 day moving average of $7.24. Tetraphase Pharmaceuticals has a one year low of $3.11 and a one year high of $9.93.
In other news, insider Jacques Dumas sold 17,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $6.00, for a total transaction of $105,000.00. Following the sale, the insider now owns 17,500 shares in the company, valued at $105,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.50% of the company’s stock.
Several large investors have recently bought and sold shares of TTPH. UBS Group AG boosted its holdings in Tetraphase Pharmaceuticals by 2.3% in the first quarter. UBS Group AG now owns 17,269 shares of the biopharmaceutical company’s stock worth $159,000 after purchasing an additional 387 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Tetraphase Pharmaceuticals by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 129,681 shares of the biopharmaceutical company’s stock worth $925,000 after purchasing an additional 874 shares during the last quarter. American International Group Inc. boosted its holdings in Tetraphase Pharmaceuticals by 7.1% in the first quarter. American International Group Inc. now owns 22,390 shares of the biopharmaceutical company’s stock worth $206,000 after purchasing an additional 1,486 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Tetraphase Pharmaceuticals by 18.6% in the first quarter. Citadel Advisors LLC now owns 15,924 shares of the biopharmaceutical company’s stock worth $146,000 after purchasing an additional 2,496 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Tetraphase Pharmaceuticals by 5.7% in the second quarter. Rhumbline Advisers now owns 51,633 shares of the biopharmaceutical company’s stock worth $368,000 after purchasing an additional 2,780 shares during the last quarter. Hedge funds and other institutional investors own 41.73% of the company’s stock.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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