Zacks: Brokerages Anticipate Heron Therapeutics, Inc. (HRTX) to Post -$0.87 Earnings Per Share
Analysts expect Heron Therapeutics, Inc. (NASDAQ:HRTX) to post earnings per share of ($0.87) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Heron Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.82) and the lowest estimate coming in at ($0.90). Heron Therapeutics posted earnings of ($1.24) per share during the same quarter last year, which would indicate a positive year over year growth rate of 29.8%. The firm is scheduled to announce its next earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Heron Therapeutics will report full-year earnings of ($3.49) per share for the current financial year, with EPS estimates ranging from ($3.57) to ($3.36). For the next financial year, analysts expect that the business will report earnings of ($2.40) per share, with EPS estimates ranging from ($3.52) to ($1.56). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Heron Therapeutics.
Heron Therapeutics (NASDAQ:HRTX) last released its earnings results on Wednesday, August 9th. The biotechnology company reported ($0.80) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.90) by $0.10. The business had revenue of $8.51 million during the quarter, compared to analyst estimates of $4.53 million.
Several equities research analysts recently commented on HRTX shares. ValuEngine upgraded shares of Heron Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Heron Therapeutics in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Heron Therapeutics from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Heron Therapeutics in a research note on Friday, July 14th. Finally, Aegis reissued a “buy” rating and set a $33.00 target price on shares of Heron Therapeutics in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.20.
Several institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Heron Therapeutics by 2.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 33,910 shares of the biotechnology company’s stock valued at $470,000 after acquiring an additional 771 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Heron Therapeutics by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 170,555 shares of the biotechnology company’s stock worth $2,363,000 after acquiring an additional 1,026 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Heron Therapeutics by 13.9% during the first quarter. Legal & General Group Plc now owns 8,971 shares of the biotechnology company’s stock worth $136,000 after acquiring an additional 1,098 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Heron Therapeutics by 11.4% during the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock worth $231,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Heron Therapeutics by 10.2% during the second quarter. Tudor Investment Corp ET AL now owns 18,618 shares of the biotechnology company’s stock worth $258,000 after acquiring an additional 1,724 shares in the last quarter.
Heron Therapeutics (NASDAQ HRTX) traded up 0.59% during trading on Friday, reaching $17.00. The company had a trading volume of 1,356,888 shares. The stock has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.08. The firm’s market capitalization is $920.35 million. Heron Therapeutics has a 12 month low of $12.21 and a 12 month high of $20.85.
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Heron Therapeutics Company Profile
Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.
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