Vanda Pharmaceuticals (VNDA) Issues Earnings Results, Beats Estimates By $0.08 EPS
Vanda Pharmaceuticals (NASDAQ:VNDA) issued its quarterly earnings data on Wednesday. The biopharmaceutical company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.08, Bloomberg Earnings reports. The company had revenue of $44.28 million for the quarter, compared to the consensus estimate of $44.00 million. Vanda Pharmaceuticals had a negative net margin of 9.01% and a negative return on equity of 10.99%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share.
Shares of Vanda Pharmaceuticals (NASDAQ:VNDA) opened at $15.85 on Thursday. Vanda Pharmaceuticals has a twelve month low of $11.90 and a twelve month high of $18.99. The company has a market cap of $712.10, a P/E ratio of -49.53 and a beta of 1.23.
A number of brokerages recently weighed in on VNDA. Jefferies Group restated a “buy” rating and set a $20.00 price objective on shares of Vanda Pharmaceuticals in a research report on Tuesday. Zacks Investment Research upgraded shares of Vanda Pharmaceuticals from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, October 18th. ValuEngine downgraded shares of Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer restated a “buy” rating on shares of Vanda Pharmaceuticals in a research report on Monday, January 8th. Finally, Piper Jaffray Companies set a $26.00 price objective on shares of Vanda Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.14.
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Vanda Pharmaceuticals Company Profile
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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