$17.32 Million in Sales Expected for Recro Pharma Inc (REPH) This Quarter

Analysts expect that Recro Pharma Inc (NASDAQ:REPH) will post $17.32 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Recro Pharma’s earnings, with the lowest sales estimate coming in at $17.00 million and the highest estimate coming in at $17.64 million. Recro Pharma reported sales of $18.74 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Recro Pharma will report full-year sales of $17.32 million for the current year, with estimates ranging from $72.00 million to $78.00 million. For the next year, analysts anticipate that the firm will report sales of $113.57 million per share, with estimates ranging from $102.50 million to $122.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Recro Pharma.

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Recro Pharma (NASDAQ:REPH) last posted its earnings results on Tuesday, February 27th. The specialty pharmaceutical company reported ($0.63) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.85) by $0.22. The firm had revenue of $19.04 million during the quarter, compared to analysts’ expectations of $12.88 million. Recro Pharma had a negative net margin of 69.61% and a negative return on equity of 75.97%.

A number of equities analysts have weighed in on REPH shares. CIBC started coverage on shares of Recro Pharma in a research report on Wednesday, February 14th. They issued an “outperform” rating and a $19.00 price target for the company. Zacks Investment Research upgraded shares of Recro Pharma from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Oppenheimer initiated coverage on shares of Recro Pharma in a research report on Tuesday, February 13th. They set an “outperform” rating and a $19.00 price objective on the stock. UBS initiated coverage on shares of Recro Pharma in a report on Tuesday, February 13th. They issued an “outperform” rating on the stock. Finally, ValuEngine upgraded shares of Recro Pharma from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.21.

In other Recro Pharma news, major shareholder Scp Vitalife Partners (Israel) sold 12,964 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $8.88, for a total transaction of $115,120.32. Following the completion of the sale, the insider now directly owns 734,269 shares of the company’s stock, valued at $6,520,308.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Healthcare Master Fun Broadfin sold 200,000 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $10.07, for a total transaction of $2,014,000.00. The disclosure for this sale can be found here. Corporate insiders own 21.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Lyon Street Capital LLC acquired a new position in shares of Recro Pharma in the 4th quarter valued at $3,362,000. Wells Fargo & Company MN lifted its holdings in shares of Recro Pharma by 42.5% in the third quarter. Wells Fargo & Company MN now owns 24,508 shares of the specialty pharmaceutical company’s stock worth $220,000 after buying an additional 7,308 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Recro Pharma by 14.2% in the second quarter. Vanguard Group Inc. now owns 640,208 shares of the specialty pharmaceutical company’s stock worth $4,501,000 after buying an additional 79,520 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Recro Pharma by 428.5% in the second quarter. Northern Trust Corp now owns 178,437 shares of the specialty pharmaceutical company’s stock worth $1,254,000 after buying an additional 144,676 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Recro Pharma by 787.4% in the second quarter. Dimensional Fund Advisors LP now owns 129,560 shares of the specialty pharmaceutical company’s stock worth $911,000 after buying an additional 114,960 shares in the last quarter. 57.85% of the stock is owned by institutional investors and hedge funds.

NASDAQ REPH traded up $0.28 during trading hours on Tuesday, hitting $11.01. 129,273 shares of the company’s stock traded hands, compared to its average volume of 373,035. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.55 and a current ratio of 1.75. Recro Pharma has a 52 week low of $5.81 and a 52 week high of $12.23.

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About Recro Pharma

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

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