-$0.75 EPS Expected for Recro Pharma, Inc. (REPH) This Quarter
Equities research analysts predict that Recro Pharma, Inc. (NASDAQ:REPH) will post earnings of ($0.75) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Recro Pharma’s earnings. The lowest EPS estimate is ($0.80) and the highest is ($0.70). Recro Pharma reported earnings of ($0.50) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The business is scheduled to issue its next earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Recro Pharma will report full-year earnings of ($2.35) per share for the current financial year, with EPS estimates ranging from ($2.52) to ($2.26). For the next year, analysts forecast that the firm will post earnings of ($2.59) per share, with EPS estimates ranging from ($3.25) to ($2.05). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Recro Pharma.
Recro Pharma (NASDAQ:REPH) last posted its quarterly earnings results on Thursday, August 10th. The specialty pharmaceutical company reported ($0.48) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.06. The company had revenue of $16.93 million for the quarter, compared to the consensus estimate of $14.90 million. Recro Pharma had a negative net margin of 46.75% and a negative return on equity of 56.04%.
REPH has been the subject of a number of recent analyst reports. Janney Montgomery Scott cut shares of Recro Pharma from a “buy” rating to a “fair value” rating and dropped their price target for the company from $21.00 to $6.50 in a research report on Wednesday, June 14th. Zacks Investment Research lowered shares of Recro Pharma from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Piper Jaffray Companies set a $11.00 price objective on shares of Recro Pharma and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, Roth Capital set a $20.00 price objective on shares of Recro Pharma and gave the stock a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.82.
Shares of Recro Pharma (REPH) traded up 2.7528% during trading on Friday, reaching $9.2272. 70,033 shares of the company’s stock were exchanged. The stock’s market cap is $175.86 million. The company has a 50 day moving average of $7.50 and a 200 day moving average of $7.61. Recro Pharma has a 12-month low of $5.81 and a 12-month high of $10.17.
A number of hedge funds and other institutional investors have recently modified their holdings of REPH. Rothschild Investment Corp IL acquired a new stake in Recro Pharma in the 2nd quarter valued at about $141,000. Wells Fargo & Company MN grew its position in shares of Recro Pharma by 3.0% during the first quarter. Wells Fargo & Company MN now owns 17,200 shares of the specialty pharmaceutical company’s stock worth $150,000 after buying an additional 500 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Recro Pharma by 76.9% during the second quarter. Janney Montgomery Scott LLC now owns 22,085 shares of the specialty pharmaceutical company’s stock worth $155,000 after buying an additional 9,600 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Recro Pharma during the first quarter worth about $156,000. Finally, Teachers Advisors LLC acquired a new position in shares of Recro Pharma during the second quarter worth about $162,000. Institutional investors own 65.06% of the company’s stock.
Recro Pharma Company Profile
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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