$24.84 Million in Sales Expected for Kamada Ltd. (KMDA) This Quarter
Brokerages expect Kamada Ltd. (NASDAQ:KMDA) to post $24.84 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Kamada’s earnings. The highest sales estimate is $25.18 million and the lowest is $24.50 million. Kamada posted sales of $19.37 million in the same quarter last year, which suggests a positive year over year growth rate of 28.2%. The firm is scheduled to report its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Kamada will report full year sales of $24.84 million for the current year. For the next year, analysts anticipate that the business will report sales of $126.66 million per share, with estimates ranging from $120.80 million to $132.51 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Kamada.
KMDA has been the topic of a number of analyst reports. Zacks Investment Research lowered Kamada from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $7.00 price objective (down previously from $9.00) on shares of Kamada in a report on Wednesday, August 2nd. TheStreet lowered Kamada from a “c-” rating to a “d+” rating in a report on Tuesday, August 1st. Finally, ValuEngine lowered Kamada from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.50.
Shares of Kamada (KMDA) traded down $0.05 on Tuesday, reaching $4.65. The company’s stock had a trading volume of 40,074 shares, compared to its average volume of 49,983. Kamada has a 12 month low of $3.75 and a 12 month high of $8.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.95 and a current ratio of 2.85.
A number of hedge funds have recently bought and sold shares of the stock. Paulson & CO. Inc. lifted its stake in Kamada by 8.2% in the 2nd quarter. Paulson & CO. Inc. now owns 790,800 shares of the biotechnology company’s stock valued at $4,745,000 after buying an additional 60,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kamada by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 468,390 shares of the biotechnology company’s stock valued at $2,810,000 after buying an additional 28,382 shares in the last quarter. Nexthera Capital LP purchased a new stake in Kamada in the 2nd quarter valued at approximately $1,805,000. Renaissance Technologies LLC lifted its stake in Kamada by 16.7% in the 1st quarter. Renaissance Technologies LLC now owns 264,800 shares of the biotechnology company’s stock valued at $1,801,000 after buying an additional 37,800 shares in the last quarter. Finally, Worth Venture Partners LLC purchased a new stake in Kamada in the 3rd quarter valued at approximately $246,000. 7.25% of the stock is currently owned by hedge funds and other institutional investors.
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Kamada Ltd. is an Israel-based biopharmaceutical company, which develops, produces and markets therapeutics, based on chromatographic purification technology. It offers bio-therapeutics for human use, such as specialty proteins, specific immunoglobulins, and other prescription medicines. The Company’s product line includes intravenous AAT for chronic replacement therapy in individuals with congenital alpha-1 antitrypsin deficiency; KamRAB for prophylaxis of rabies infection; KamRho-D IM for prophylaxis of Rh hemolytic disease of the newborn; KamRho-D IV for treatment of immune thrombocytopenic purpura; and IVIG, a replacement therapy in primary and secondary immune therapy.
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