PhaseBio Pharmaceuticals (PHAS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
PhaseBio Pharmaceuticals (NASDAQ:PHAS) announced its quarterly earnings results on Tuesday. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.03, Morningstar.com reports. The business had revenue of $0.26 million during the quarter.
PHAS opened at $8.42 on Thursday. PhaseBio Pharmaceuticals has a 12-month low of $2.55 and a 12-month high of $9.17. The stock has a market cap of $206.29 million and a P/E ratio of -1.88.
Separately, ValuEngine lowered PhaseBio Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. PhaseBio Pharmaceuticals has an average rating of “Buy” and an average price target of $16.67.
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PhaseBio Pharmaceuticals Company Profile
PhaseBio Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapies to treat orphan diseases with an initial focus on cardiopulmonary indications. Its lead product candidate, PB2452, is a reversal agent for the antiplatelet drug ticagrelor that has completed a Phase 1 clinical trial and is been developed for the treatment of patients on ticagrelor who are experiencing a major bleeding event or those who require urgent surgery.
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