Analysts predict that Arrowhead Pharmaceuticals (NASDAQ:ARWR) will report earnings of ($0.18) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arrowhead Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.21). Arrowhead Pharmaceuticals reported earnings of ($0.08) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 125%. The firm is expected to announce its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Arrowhead Pharmaceuticals will report full-year earnings of ($0.71) per share for the current financial year, with EPS estimates ranging from ($0.85) to ($0.56). For the next financial year, analysts forecast that the company will report earnings of ($0.51) per share, with EPS estimates ranging from ($1.01) to $0.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Arrowhead Pharmaceuticals.
Arrowhead Pharmaceuticals (NASDAQ:ARWR) last announced its earnings results on Friday, February 9th. The biotechnology company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $3.51 million for the quarter, compared to the consensus estimate of $8.71 million. Arrowhead Pharmaceuticals had a negative return on equity of 42.52% and a negative net margin of 116.17%.
Several analysts have recently commented on the company. ValuEngine upgraded Arrowhead Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley raised their price target on Arrowhead Pharmaceuticals from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Chardan Capital reiterated a “buy” rating and issued a $7.00 price target on shares of Arrowhead Pharmaceuticals in a report on Monday, February 19th. BidaskClub cut Arrowhead Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Jefferies Group assumed coverage on Arrowhead Pharmaceuticals in a report on Tuesday, March 27th. They issued a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $6.30.
In other Arrowhead Pharmaceuticals news, CFO Kenneth Allen Myszkowski sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $8.00, for a total transaction of $160,000.00. Following the transaction, the chief financial officer now owns 330,815 shares in the company, valued at $2,646,520. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher Richard Anzalone sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $7.43, for a total value of $743,000.00. Following the transaction, the chief executive officer now owns 2,194,789 shares in the company, valued at approximately $16,307,282.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 440,000 shares of company stock worth $3,266,600. 4.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ARWR. OppenheimerFunds Inc. boosted its holdings in Arrowhead Pharmaceuticals by 110.0% during the fourth quarter. OppenheimerFunds Inc. now owns 6,300,000 shares of the biotechnology company’s stock worth $23,184,000 after buying an additional 3,300,000 shares during the last quarter. First Manhattan Co. bought a new position in Arrowhead Pharmaceuticals during the fourth quarter worth about $11,707,000. Allianz Asset Management GmbH bought a new position in Arrowhead Pharmaceuticals during the third quarter worth about $1,958,000. Goldman Sachs Group Inc. boosted its holdings in Arrowhead Pharmaceuticals by 297.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 173,078 shares of the biotechnology company’s stock worth $637,000 after buying an additional 129,488 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in Arrowhead Pharmaceuticals during the fourth quarter worth about $305,000. Hedge funds and other institutional investors own 26.88% of the company’s stock.
Shares of ARWR stock traded up $0.16 during trading hours on Friday, hitting $7.01. 715,595 shares of the company’s stock were exchanged, compared to its average volume of 1,827,772. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market capitalization of $593.62, a PE ratio of -14.91 and a beta of 2.36. Arrowhead Pharmaceuticals has a 52 week low of $1.42 and a 52 week high of $8.09.
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About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc develops medicines for the treatment of intractable diseases in the United States. Its pre-clinical stage medicines include ARO-HBV to treat chronic hepatitis B virus infection; ARO-AAT for the treatment of liver disease associated with alpha-1 antitrypsin deficiency; ARO-APOC3 and ARO-ANG3 to treat hypertriglyceridemia; ARO-Lung1 for the treatment of an undisclosed pulmonary target; ARO-HIF2 to treat renal cell carcinoma; ARO-F12 for hereditary angioedema and thromboembolic disorders; and ARO-AMG1 for the treatment of an undisclosed genetically validated cardiovascular target.
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