Tetraphase Pharmaceuticals Inc (TTPH) Posts Earnings Results
Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) announced its quarterly earnings results on Wednesday. The biopharmaceutical company reported ($0.63) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.63), Bloomberg Earnings reports. Tetraphase Pharmaceuticals had a negative net margin of 2,005.74% and a negative return on equity of 112.91%. The business had revenue of $4.10 million during the quarter, compared to analysts’ expectations of $1.59 million. During the same period last year, the business earned ($0.58) earnings per share. The business’s revenue for the quarter was up 355.6% on a year-over-year basis.
In related news, insider Jacques Dumas sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $6.00, for a total value of $105,000.00. Following the transaction, the insider now owns 17,500 shares in the company, valued at $105,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.50% of the company’s stock.
A number of brokerages have weighed in on TTPH. Zacks Investment Research cut shares of Tetraphase Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BMO Capital Markets lifted their price target on shares of Tetraphase Pharmaceuticals from $13.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. ValuEngine cut shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Tetraphase Pharmaceuticals in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price target on shares of Tetraphase Pharmaceuticals in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.96.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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