Brokerages Anticipate Aldeyra Therapeutics, Inc. (ALDX) to Post -$0.42 EPS
Wall Street brokerages expect Aldeyra Therapeutics, Inc. (NASDAQ:ALDX) to report earnings per share (EPS) of ($0.42) for the current quarter, according to Zacks. Zero analysts have made estimates for Aldeyra Therapeutics’ earnings, with estimates ranging from ($0.50) to ($0.36). Aldeyra Therapeutics reported earnings of ($0.38) per share during the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The firm is scheduled to announce its next earnings results on Monday, November 13th.
On average, analysts expect that Aldeyra Therapeutics will report full year earnings of ($1.67) per share for the current fiscal year, with EPS estimates ranging from ($2.12) to ($1.43). For the next financial year, analysts expect that the firm will report earnings of ($1.75) per share, with EPS estimates ranging from ($2.49) to ($1.24). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Aldeyra Therapeutics.
Aldeyra Therapeutics (NASDAQ:ALDX) last issued its quarterly earnings data on Tuesday, August 8th. The biotechnology company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.02.
ALDX has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $16.00 target price on shares of Aldeyra Therapeutics in a research note on Wednesday, May 31st. Canaccord Genuity set a $12.00 target price on shares of Aldeyra Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research cut shares of Aldeyra Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Finally, HC Wainwright set a $18.00 target price on shares of Aldeyra Therapeutics and gave the stock a “buy” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $14.15.
In other news, major shareholder Life Sciences Maste Perceptive bought 296,007 shares of Aldeyra Therapeutics stock in a transaction dated Friday, June 30th. The stock was bought at an average price of $4.60 per share, for a total transaction of $1,361,632.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 28.40% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Virtu KCG Holdings LLC bought a new stake in shares of Aldeyra Therapeutics during the second quarter valued at approximately $104,000. Vanguard Group Inc. boosted its stake in shares of Aldeyra Therapeutics by 3.2% in the second quarter. Vanguard Group Inc. now owns 304,633 shares of the biotechnology company’s stock valued at $1,431,000 after buying an additional 9,407 shares during the period. Sphera Funds Management LTD. boosted its stake in shares of Aldeyra Therapeutics by 31.0% in the second quarter. Sphera Funds Management LTD. now owns 875,931 shares of the biotechnology company’s stock valued at $4,117,000 after buying an additional 207,431 shares during the period. Hikari Power Ltd boosted its stake in shares of Aldeyra Therapeutics by 186.4% in the second quarter. Hikari Power Ltd now owns 107,858 shares of the biotechnology company’s stock valued at $507,000 after buying an additional 70,196 shares during the period. Finally, Perceptive Advisors LLC boosted its stake in shares of Aldeyra Therapeutics by 48.7% in the first quarter. Perceptive Advisors LLC now owns 2,885,458 shares of the biotechnology company’s stock valued at $12,897,000 after buying an additional 945,000 shares during the period. Hedge funds and other institutional investors own 49.09% of the company’s stock.
Shares of Aldeyra Therapeutics (NASDAQ ALDX) traded up 1.7446% on Tuesday, hitting $4.2224. 17,258 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $4.50 and its 200 day moving average price is $4.69. Aldeyra Therapeutics has a 12-month low of $3.80 and a 12-month high of $8.19. The stock’s market cap is $26.37 million.
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Aldeyra Therapeutics Company Profile
Aldeyra Therapeutics, Inc, formerly Aldexa Therapeutics, Inc, is a biotechnology company. The Company’s principal activities include raising capital and research and development activities. The Company’s segment is the identification and development of a treatment for diseases related to high levels of aldehydes.
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