Equities analysts expect RedHill Biopharma Ltd – (NASDAQ:RDHL) to post $1.89 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for RedHill Biopharma’s earnings, with the lowest sales estimate coming in at $1.80 million and the highest estimate coming in at $1.98 million. RedHill Biopharma posted sales of $100,000.00 during the same quarter last year, which suggests a positive year over year growth rate of 1,790%. The firm is scheduled to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that RedHill Biopharma will report full year sales of $1.89 million for the current year, with estimates ranging from $3.81 million to $3.98 million. For the next fiscal year, analysts forecast that the firm will report sales of $45.40 million per share, with estimates ranging from $8.80 million to $113.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow RedHill Biopharma.

RedHill Biopharma (NASDAQ:RDHL) last announced its quarterly earnings results on Monday, November 13th. The biotechnology company reported ($0.90) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.18).

Several brokerages have recently weighed in on RDHL. Zacks Investment Research cut RedHill Biopharma from a “buy” rating to a “hold” rating in a research report on Friday, November 24th. HC Wainwright reiterated a “buy” rating and set a $36.00 price target on shares of RedHill Biopharma in a research report on Tuesday, November 21st. Roth Capital decreased their price target on RedHill Biopharma from $27.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Finally, Seaport Global Securities started coverage on RedHill Biopharma in a research report on Friday, October 6th. They set a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.10.

Shares of RedHill Biopharma (NASDAQ:RDHL) traded up $0.05 on Wednesday, hitting $5.22. The stock had a trading volume of 142,200 shares, compared to its average volume of 138,680. RedHill Biopharma has a 12-month low of $4.30 and a 12-month high of $11.25. The company has a market capitalization of $111.04, a PE ratio of -1.93 and a beta of 1.01.

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of RedHill Biopharma by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 12,005 shares of the biotechnology company’s stock worth $103,000 after purchasing an additional 1,440 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of RedHill Biopharma by 10.8% in the second quarter. Oppenheimer & Co. Inc. now owns 25,569 shares of the biotechnology company’s stock worth $220,000 after purchasing an additional 2,500 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of RedHill Biopharma by 10.0% in the second quarter. D.A. Davidson & CO. now owns 44,000 shares of the biotechnology company’s stock worth $379,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Family Management Corp increased its position in shares of RedHill Biopharma by 51.5% in the second quarter. Family Management Corp now owns 25,750 shares of the biotechnology company’s stock worth $222,000 after purchasing an additional 8,750 shares during the last quarter. Institutional investors own 8.47% of the company’s stock.

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About RedHill Biopharma

Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company. The Company focuses on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. It offers the following gastrointestinal products in the United States: Donnatal, a prescription oral adjunctive drug used in the treatment of Irritable Bowel Syndrome (IBS) and acute enterocolitis, as well as EnteraGam, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools.

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