Equities research analysts forecast that Marinus Pharmaceuticals Inc (NASDAQ:MRNS) will announce earnings of ($0.29) per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Marinus Pharmaceuticals’ earnings. Marinus Pharmaceuticals posted earnings per share of ($0.20) during the same quarter last year, which would indicate a negative year-over-year growth rate of 45%. The company is scheduled to issue its next earnings report on Tuesday, March 5th.

On average, analysts expect that Marinus Pharmaceuticals will report full-year earnings of ($0.93) per share for the current financial year, with EPS estimates ranging from ($0.95) to ($0.90). For the next financial year, analysts forecast that the company will post earnings of ($1.14) per share, with EPS estimates ranging from ($1.35) to ($0.99). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Marinus Pharmaceuticals.

Marinus Pharmaceuticals (NASDAQ:MRNS) last posted its earnings results on Monday, October 29th. The biopharmaceutical company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.06).

A number of brokerages have issued reports on MRNS. Zacks Investment Research lowered shares of Marinus Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Cantor Fitzgerald set a $19.00 price target on shares of Marinus Pharmaceuticals and gave the company a “buy” rating in a research report on Tuesday. BidaskClub lowered shares of Marinus Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, ValuEngine upgraded shares of Marinus Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Marinus Pharmaceuticals currently has an average rating of “Buy” and a consensus target price of $19.67.

NASDAQ:MRNS traded up $0.79 during midday trading on Friday, reaching $5.31. 1,149,088 shares of the stock traded hands, compared to its average volume of 834,844. Marinus Pharmaceuticals has a 12-month low of $3.31 and a 12-month high of $10.54. The stock has a market capitalization of $183.17 million, a price-to-earnings ratio of -6.64 and a beta of 3.18.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of Marinus Pharmaceuticals by 190.4% in the second quarter. Bank of New York Mellon Corp now owns 106,560 shares of the biopharmaceutical company’s stock worth $754,000 after buying an additional 69,863 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Marinus Pharmaceuticals in the second quarter worth about $416,000. Tekla Capital Management LLC purchased a new position in shares of Marinus Pharmaceuticals in the third quarter worth about $3,362,000. Trexquant Investment LP purchased a new position in shares of Marinus Pharmaceuticals in the second quarter worth about $102,000. Finally, VHCP Management II LLC purchased a new position in shares of Marinus Pharmaceuticals in the second quarter worth about $2,441,000. 68.70% of the stock is currently owned by institutional investors and hedge funds.

About Marinus Pharmaceuticals

Marinus Pharmaceuticals, Inc, a biopharmaceutical company, focuses on developing and commercializing therapeutics to treat epilepsy and neuropsychiatric disorders. Its clinical stage product candidate, ganaxolone, is an allosteric modulator of GABAA, developed in three different dose forms: intravenous (IV), capsule, and liquid.

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Earnings History and Estimates for Marinus Pharmaceuticals (NASDAQ:MRNS)

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