Strongbridge Biopharma plc (SBBP) Expected to Post Quarterly Sales of $2.98 Million
Wall Street brokerages expect Strongbridge Biopharma plc (NASDAQ:SBBP) to report $2.98 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Strongbridge Biopharma’s earnings, with estimates ranging from $2.43 million to $3.29 million. The firm is scheduled to announce its next quarterly earnings report on Monday, March 26th.
On average, analysts expect that Strongbridge Biopharma will report full year sales of $2.98 million for the current fiscal year, with estimates ranging from $6.49 million to $7.35 million. For the next financial year, analysts forecast that the company will post sales of $14.04 million per share, with estimates ranging from $9.39 million to $21.91 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Strongbridge Biopharma.
A number of brokerages have recently commented on SBBP. BidaskClub raised shares of Strongbridge Biopharma from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strongbridge Biopharma in a report on Wednesday, December 6th. Zacks Investment Research cut shares of Strongbridge Biopharma from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price on shares of Strongbridge Biopharma in a report on Wednesday, November 15th. Finally, ValuEngine cut shares of Strongbridge Biopharma from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $12.81.
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wisconsin Investment Board acquired a new position in Strongbridge Biopharma in the 2nd quarter valued at $114,000. Rhumbline Advisers acquired a new position in Strongbridge Biopharma in the 2nd quarter valued at $154,000. California State Teachers Retirement System acquired a new position in Strongbridge Biopharma in the 2nd quarter valued at $277,000. Teachers Advisors LLC acquired a new position in Strongbridge Biopharma in the 2nd quarter valued at $297,000. Finally, Bank of New York Mellon Corp acquired a new position in Strongbridge Biopharma in the 2nd quarter valued at $331,000. 57.53% of the stock is currently owned by institutional investors.
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Strongbridge Biopharma Company Profile
Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.
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