Analysts Expect Strongbridge Biopharma plc (SBBP) Will Announce Quarterly Sales of $2.98 Million
Equities research analysts expect Strongbridge Biopharma plc (NASDAQ:SBBP) to report sales of $2.98 million for the current quarter, according to Zacks. Three analysts have provided estimates for Strongbridge Biopharma’s earnings, with the highest sales estimate coming in at $3.29 million and the lowest estimate coming in at $2.43 million. The firm is scheduled to report its next earnings report on Monday, March 26th.
According to Zacks, 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 business will report sales of $14.04 million per share, with estimates ranging from $9.39 million to $21.91 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Strongbridge Biopharma.
Strongbridge Biopharma (NASDAQ:SBBP) last posted its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.07.
A number of large investors have recently modified their holdings of the business. Paloma Partners Management Co bought a new position in Strongbridge Biopharma during the 4th quarter valued at $152,000. Perceptive Advisors LLC bought a new position in Strongbridge Biopharma during the 4th quarter valued at $1,994,000. Goldman Sachs Group Inc. bought a new position in Strongbridge Biopharma during the 4th quarter valued at $272,000. Deutsche Bank AG lifted its stake in Strongbridge Biopharma by 185.0% during the 4th quarter. Deutsche Bank AG now owns 55,711 shares of the biotechnology company’s stock valued at $403,000 after acquiring an additional 36,160 shares in the last quarter. Finally, Armistice Capital LLC lifted its stake in Strongbridge Biopharma by 69.4% during the 4th quarter. Armistice Capital LLC now owns 2,870,000 shares of the biotechnology company’s stock valued at $20,808,000 after acquiring an additional 1,175,400 shares in the last quarter. Institutional investors and hedge funds own 57.01% of the company’s stock.
Strongbridge Biopharma (NASDAQ SBBP) traded down $0.25 during midday trading on Friday, reaching $6.55. 155,288 shares of the company traded hands, compared to its average volume of 342,974. Strongbridge Biopharma has a twelve month low of $2.35 and a twelve month high of $9.02. The company has a current ratio of 4.70, a quick ratio of 4.61 and a debt-to-equity ratio of -1.89. The firm has a market cap of $300.30 and a P/E ratio of -1.94.
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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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