Zacks: Brokerages Expect Collegium Pharmaceutical, Inc. (COLL) Will Announce Earnings of -$0.55 Per Share
Brokerages expect Collegium Pharmaceutical, Inc. (NASDAQ:COLL) to announce earnings per share (EPS) of ($0.55) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Collegium Pharmaceutical’s earnings. The lowest EPS estimate is ($0.67) and the highest is ($0.34). Collegium Pharmaceutical posted earnings of ($1.02) per share in the same quarter last year, which suggests a positive year over year growth rate of 46.1%. The business is expected to issue its next quarterly earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Collegium Pharmaceutical will report full-year earnings of ($2.56) per share for the current year, with EPS estimates ranging from ($2.89) to ($2.30). For the next fiscal year, analysts forecast that the firm will post earnings of ($1.45) per share, with EPS estimates ranging from ($1.82) to ($0.99). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Collegium Pharmaceutical.
Collegium Pharmaceutical (NASDAQ:COLL) last announced its earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.28. The company had revenue of $11.95 million during the quarter, compared to analysts’ expectations of $5.31 million. Collegium Pharmaceutical had a negative net margin of 447.83% and a negative return on equity of 77.11%. The firm’s quarterly revenue was up 2814.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.13) earnings per share.
A number of equities analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and set a $14.00 target price on shares of Collegium Pharmaceutical in a research report on Friday, September 8th. BidaskClub cut shares of Collegium Pharmaceutical from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Collegium Pharmaceutical from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. HC Wainwright reiterated a “buy” rating and set a $21.00 price target on shares of Collegium Pharmaceutical in a report on Friday, November 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $15.00 price target on shares of Collegium Pharmaceutical in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. Collegium Pharmaceutical currently has an average rating of “Buy” and a consensus price target of $19.33.
Collegium Pharmaceutical (NASDAQ:COLL) opened at $16.30 on Friday. Collegium Pharmaceutical has a 52-week low of $7.37 and a 52-week high of $19.21.
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In other news, CTO Alison B. Fleming sold 4,029 shares of Collegium Pharmaceutical stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $17.00, for a total transaction of $68,493.00. Following the completion of the sale, the chief technology officer now directly owns 28,513 shares in the company, valued at $484,721. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alison B. Fleming sold 4,601 shares of Collegium Pharmaceutical stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $17.25, for a total transaction of $79,367.25. Following the sale, the insider now owns 28,513 shares of the company’s stock, valued at $491,849.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,630 shares of company stock valued at $924,360. Insiders own 25.76% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Collegium Pharmaceutical by 7.8% in the first quarter. Vanguard Group Inc. now owns 806,539 shares of the specialty pharmaceutical company’s stock valued at $8,113,000 after purchasing an additional 58,398 shares during the period. Teton Advisors Inc. purchased a new stake in Collegium Pharmaceutical in the third quarter valued at approximately $283,000. Bank of New York Mellon Corp grew its holdings in Collegium Pharmaceutical by 60.7% in the second quarter. Bank of New York Mellon Corp now owns 104,961 shares of the specialty pharmaceutical company’s stock valued at $1,313,000 after purchasing an additional 39,656 shares during the period. Teachers Advisors LLC grew its holdings in Collegium Pharmaceutical by 98.8% in the second quarter. Teachers Advisors LLC now owns 59,590 shares of the specialty pharmaceutical company’s stock valued at $745,000 after purchasing an additional 29,617 shares during the period. Finally, Pier Capital LLC grew its holdings in Collegium Pharmaceutical by 8.1% in the second quarter. Pier Capital LLC now owns 395,658 shares of the specialty pharmaceutical company’s stock valued at $4,950,000 after purchasing an additional 29,594 shares during the period. Institutional investors and hedge funds own 77.23% of the company’s stock.
Collegium Pharmaceutical Company Profile
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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