Heron Therapeutics Inc to Post FY2018 Earnings of ($2.29) Per Share, Jefferies Financial Group Forecasts (HRTX)
Heron Therapeutics Inc (NASDAQ:HRTX) – Stock analysts at Jefferies Financial Group upped their FY2018 earnings per share (EPS) estimates for Heron Therapeutics in a report released on Monday, January 7th. Jefferies Financial Group analyst B. Amin now expects that the biotechnology company will post earnings of ($2.29) per share for the year, up from their prior forecast of ($2.34). Jefferies Financial Group also issued estimates for Heron Therapeutics’ Q4 2018 earnings at ($0.45) EPS, Q2 2019 earnings at ($0.43) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at ($0.05) EPS and FY2019 earnings at ($1.13) EPS.
Heron Therapeutics (NASDAQ:HRTX) last announced its quarterly earnings data on Wednesday, November 7th. The biotechnology company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.05). The business had revenue of $19.79 million during the quarter, compared to the consensus estimate of $19.84 million. Heron Therapeutics had a negative return on equity of 72.23% and a negative net margin of 326.79%. The company’s revenue was up 130.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.77) earnings per share.
Shares of HRTX opened at $25.34 on Thursday. The company has a market capitalization of $2.03 billion, a PE ratio of 6.94 and a beta of 1.49. Heron Therapeutics has a fifty-two week low of $18.65 and a fifty-two week high of $42.90.
A number of large investors have recently bought and sold shares of HRTX. Cubist Systematic Strategies LLC bought a new stake in Heron Therapeutics during the 2nd quarter valued at $151,000. Jefferies Group LLC bought a new position in Heron Therapeutics in the 3rd quarter worth $202,000. Verition Fund Management LLC bought a new position in Heron Therapeutics in the 3rd quarter worth $208,000. Pacer Advisors Inc. bought a new position in Heron Therapeutics in the 3rd quarter worth $223,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Heron Therapeutics in the 3rd quarter worth $224,000.
About Heron Therapeutics
Heron Therapeutics, Inc, a biotechnology company, engages in developing medicines to address unmet medical needs. The company's product candidates utilize its proprietary Biochronomer drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration.
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