Sucampo Pharmaceuticals, Inc. (SCMP) Expected to Post FY2017 Earnings of $1.02 Per Share
Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) – Equities researchers at Leerink Swann dropped their FY2017 earnings estimates for Sucampo Pharmaceuticals in a research note issued on Friday. Leerink Swann analyst J. Schwartz now expects that the biopharmaceutical company will post earnings per share of $1.02 for the year, down from their prior forecast of $1.04. Leerink Swann currently has a “Outperform” rating and a $15.00 price target on the stock. Leerink Swann also issued estimates for Sucampo Pharmaceuticals’ FY2020 earnings at $1.81 EPS and FY2021 earnings at $1.93 EPS.
A number of other equities analysts also recently issued reports on the company. Maxim Group reissued a “buy” rating and set a $23.00 price target on shares of Sucampo Pharmaceuticals in a research report on Thursday. Mizuho reaffirmed a “hold” rating and set a $12.00 price objective on shares of Sucampo Pharmaceuticals in a research report on Wednesday, November 1st. Zacks Investment Research raised Sucampo Pharmaceuticals from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, October 17th. UBS AG dropped their price objective on Sucampo Pharmaceuticals from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Finally, BidaskClub downgraded Sucampo Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.50.
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Sucampo Pharmaceuticals (NASDAQ SCMP) opened at $10.55 on Monday. Sucampo Pharmaceuticals has a 12-month low of $9.30 and a 12-month high of $17.55. The company has a debt-to-equity ratio of 7.37, a quick ratio of 4.42 and a current ratio of 5.11. The stock has a market capitalization of $491.12, a price-to-earnings ratio of 7.23, a PEG ratio of 2.47 and a beta of 1.38.
Sucampo Pharmaceuticals (NASDAQ:SCMP) last posted its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Sucampo Pharmaceuticals had a positive return on equity of 74.58% and a negative net margin of 60.24%. The business had revenue of $61.27 million for the quarter, compared to the consensus estimate of $58.05 million. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue was up 5.9% compared to the same quarter last year.
In other Sucampo Pharmaceuticals news, insider Jason Patrick Meyenburg purchased 4,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $12.13 per share, with a total value of $48,520.00. Following the completion of the acquisition, the insider now owns 30,228 shares in the company, valued at $366,665.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Sachiko Kuno sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $12.00, for a total value of $12,000,000.00. The disclosure for this sale can be found here. 4.13% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SCMP. Louisiana State Employees Retirement System boosted its holdings in Sucampo Pharmaceuticals by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the biopharmaceutical company’s stock worth $107,000 after acquiring an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Sucampo Pharmaceuticals in the second quarter worth about $116,000. JPMorgan Chase & Co. acquired a new stake in Sucampo Pharmaceuticals in the second quarter worth about $117,000. Karp Capital Management Corp acquired a new stake in Sucampo Pharmaceuticals in the first quarter worth about $119,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Sucampo Pharmaceuticals in the second quarter worth about $122,000. 55.54% of the stock is owned by institutional investors and hedge funds.
Sucampo Pharmaceuticals Company Profile
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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