Aurinia Pharmaceuticals (AUPH) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSE:AUP) posted its quarterly earnings data on Thursday. The biotechnology company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.04), Morningstar.com reports. Aurinia Pharmaceuticals had a negative return on equity of 30.34% and a negative net margin of 12,536.05%. The firm had revenue of $0.38 million for the quarter, compared to analysts’ expectations of $0.07 million.
NASDAQ:AUPH traded up $0.05 during trading hours on Friday, hitting $5.65. 883,496 shares of the stock were exchanged, compared to its average volume of 444,432. Aurinia Pharmaceuticals has a 52-week low of $4.41 and a 52-week high of $6.69. The firm has a market cap of $476.10 million, a P/E ratio of -6.14 and a beta of 2.22.
Several research firms have commented on AUPH. Zacks Investment Research upgraded Aurinia Pharmaceuticals from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Monday, July 16th. Cantor Fitzgerald set a $18.00 price objective on Aurinia Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, October 1st. BidaskClub lowered Aurinia Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. HC Wainwright boosted their price objective on Aurinia Pharmaceuticals to $15.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, ValuEngine upgraded Aurinia Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $11.79.
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About Aurinia Pharmaceuticals
Aurinia Pharmaceuticals Inc, a clinical stage biopharmaceutical company, engages in the research, development, and commercialization of therapeutic drugs for the treatment of autoimmune diseases in Canada, the United States, China, and Switzerland. The company is developing voclosporin, a calcineurin inhibitor for the treatment of lupus nephritis, dry eye syndrome, and focal segmental glomerulosclerosis.
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