Enzymotec Ltd. (ENZY) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS
Enzymotec Ltd. (NASDAQ:ENZY) announced its earnings results on Wednesday. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.15, Morningstar.com reports. Enzymotec had a negative net margin of 9.50% and a negative return on equity of 2.06%. The company had revenue of $13 million during the quarter, compared to analyst estimates of $12.78 million. During the same quarter last year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year.
Shares of Enzymotec (NASDAQ:ENZY) traded down 0.6651% during mid-day trading on Wednesday, hitting $10.2315. 6,613 shares of the stock traded hands. Enzymotec has a 12-month low of $5.20 and a 12-month high of $10.55. The firm’s 50 day moving average price is $8.35 and its 200 day moving average price is $8.50. The firm’s market cap is $234.29 million.
Several brokerages have recently issued reports on ENZY. Zacks Investment Research upgraded shares of Enzymotec from a “strong sell” rating to a “hold” rating in a research report on Friday, April 28th. ValuEngine upgraded shares of Enzymotec from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.00.
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Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in Enzymotec during the second quarter worth $2,350,000. Renaissance Technologies LLC boosted its position in Enzymotec by 12.3% in the fourth quarter. Renaissance Technologies LLC now owns 290,000 shares of the biotechnology company’s stock worth $1,900,000 after buying an additional 31,700 shares during the period. Acadian Asset Management LLC boosted its position in Enzymotec by 3.2% in the first quarter. Acadian Asset Management LLC now owns 237,184 shares of the biotechnology company’s stock worth $2,088,000 after buying an additional 7,322 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Enzymotec by 12.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 28,110 shares of the biotechnology company’s stock worth $247,000 after buying an additional 3,113 shares during the period. Finally, State Street Corp boosted its position in Enzymotec by 1.8% in the second quarter. State Street Corp now owns 20,952 shares of the biotechnology company’s stock worth $169,000 after buying an additional 380 shares during the period. 27.91% of the stock is currently owned by institutional investors and hedge funds.
Enzymotec Ltd. is a nutritional ingredients and medical foods company. The Company’s technologies, research expertise and clinical validation process enables it to develop solutions across a range of products. The Company operates in two segments: Nutrition segment and VAYA Pharma segment. Both of the Company’s segments offer a range of products that leverage its lipid-related offerings.
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