-$0.65 Earnings Per Share Expected for Redhill Biopharma Ltd. (RDHL) This Quarter
Wall Street brokerages expect Redhill Biopharma Ltd. (NASDAQ:RDHL) to report earnings per share (EPS) of ($0.65) for the current quarter, according to Zacks. Three analysts have issued estimates for Redhill Biopharma’s earnings, with estimates ranging from ($0.80) to ($0.50). Redhill Biopharma reported earnings per share of ($0.70) during the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report on Thursday, February 22nd.
On average, analysts expect that Redhill Biopharma will report full year earnings of ($2.71) per share for the current fiscal year, with EPS estimates ranging from ($2.90) to ($2.52). For the next financial year, analysts expect that the company will post earnings of ($2.20) per share, with EPS estimates ranging from ($2.60) to ($1.80). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Redhill Biopharma.
RDHL has been the topic of a number of research analyst reports. Zacks Investment Research raised Redhill Biopharma from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. UBS AG started coverage on Redhill Biopharma in a research report on Wednesday, September 13th. They issued a “reduce” rating for the company. Roth Capital decreased their price target on Redhill Biopharma from $27.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Seaport Global Securities started coverage on Redhill Biopharma in a research report on Friday, October 6th. They issued a “buy” rating and a $19.00 price target for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $36.00 price target on shares of Redhill Biopharma in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.10.
Redhill Biopharma (NASDAQ RDHL) traded down $0.07 during trading hours on Friday, reaching $5.02. The company had a trading volume of 52,679 shares, compared to its average volume of 93,544. Redhill Biopharma has a 1 year low of $4.82 and a 1 year high of $12.09.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in Redhill Biopharma during the 1st quarter worth about $101,000. Oppenheimer & Co. Inc. boosted its position in Redhill Biopharma by 10.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 25,569 shares of the biotechnology company’s stock worth $220,000 after acquiring an additional 2,500 shares during the period. Family Management Corp boosted its position in Redhill Biopharma by 51.5% during the 2nd quarter. Family Management Corp now owns 25,750 shares of the biotechnology company’s stock worth $222,000 after acquiring an additional 8,750 shares during the period. D.A. Davidson & CO. boosted its position in Redhill Biopharma by 10.0% during the 2nd quarter. D.A. Davidson & CO. now owns 44,000 shares of the biotechnology company’s stock worth $379,000 after acquiring an additional 4,000 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Redhill Biopharma by 144.1% during the 1st quarter. Renaissance Technologies LLC now owns 62,000 shares of the biotechnology company’s stock worth $595,000 after purchasing an additional 36,600 shares in the last quarter. Hedge funds and other institutional investors own 10.63% of the company’s stock.
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About Redhill Biopharma
Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company. The Company focuses on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. It offers the following gastrointestinal products in the United States: Donnatal, a prescription oral adjunctive drug used in the treatment of Irritable Bowel Syndrome (IBS) and acute enterocolitis, as well as EnteraGam, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools.
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