Equities analysts forecast that VERONA PHARMA P/S (NASDAQ:VRNA) will post ($0.58) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for VERONA PHARMA P/S’s earnings. The lowest EPS estimate is ($0.76) and the highest is ($0.38). VERONA PHARMA P/S reported earnings of ($1.61) per share in the same quarter last year, which suggests a positive year over year growth rate of 64%. The company is expected to issue its next quarterly earnings results on Tuesday, May 14th.

Zacks’ EPS calculations are a mean average based on a survey of research firms that follow VERONA PHARMA P/S.

VERONA PHARMA P/S (NASDAQ:VRNA) last released its quarterly earnings data on Tuesday, February 26th. The company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.15.

A number of analysts have recently weighed in on VRNA shares. Wedbush reiterated a “buy” rating on shares of VERONA PHARMA P/S in a research note on Monday, January 14th. Zacks Investment Research upgraded shares of VERONA PHARMA P/S from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday. Finally, BTIG Research started coverage on shares of VERONA PHARMA P/S in a research note on Wednesday. They issued a “buy” rating and a $17.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. VERONA PHARMA P/S currently has an average rating of “Buy” and an average target price of $26.50.

An institutional investor recently bought a new position in VERONA PHARMA P/S stock. Aisling Capital Management LP purchased a new position in shares of VERONA PHARMA P/S (NASDAQ:VRNA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 443,596 shares of the company’s stock, valued at approximately $4,281,000. VERONA PHARMA P/S makes up about 4.5% of Aisling Capital Management LP’s holdings, making the stock its 9th largest holding. Aisling Capital Management LP owned 3.38% of VERONA PHARMA P/S as of its most recent filing with the Securities and Exchange Commission (SEC). 57.41% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:VRNA opened at $6.42 on Friday. The firm has a market capitalization of $84.28 million, a PE ratio of -3.18 and a beta of -1.17. VERONA PHARMA P/S has a 1-year low of $5.52 and a 1-year high of $18.20.

VERONA PHARMA P/S Company Profile

Verona Pharma plc, a clinical stage biopharmaceutical company, develops and commercializes therapeutics to treat respiratory diseases. The company's product candidate is RPL554, an inhaled dual inhibitor of the enzymes phosphodiesterase 3 and 4, which has completed Phase I and IIa clinical trials that acts as a bronchodilator and an anti-inflammatory agent for the treatment of chronic obstructive pulmonary disease and cystic fibrosis.

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Earnings History and Estimates for VERONA PHARMA P/S (NASDAQ:VRNA)

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