Apollo Endosurgery (APEN) to Release Quarterly Earnings on Thursday

Apollo Endosurgery (NASDAQ:APEN) is set to release its earnings data after the market closes on Thursday, November 8th. Analysts expect Apollo Endosurgery to post earnings of ($0.34) per share for the quarter.

Apollo Endosurgery (NASDAQ:APEN) last released its quarterly earnings results on Wednesday, August 8th. The biotechnology company reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.10). Apollo Endosurgery had a negative net margin of 46.55% and a negative return on equity of 58.61%. The firm had revenue of $15.79 million for the quarter, compared to analyst estimates of $16.56 million. On average, analysts expect Apollo Endosurgery to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of APEN stock traded up $0.08 during trading hours on Wednesday, reaching $6.08. 100 shares of the stock traded hands, compared to its average volume of 55,184. Apollo Endosurgery has a 1-year low of $3.75 and a 1-year high of $9.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.87 and a quick ratio of 2.18. The firm has a market capitalization of $124.49 million, a P/E ratio of -3.02 and a beta of 0.34.

A number of research firms have recently issued reports on APEN. ValuEngine upgraded shares of Apollo Endosurgery from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Northland Securities lowered shares of Apollo Endosurgery from an “outperform” rating to a “market perform” rating in a report on Thursday, August 9th. Finally, Roth Capital restated a “neutral” rating and set a $9.50 price target on shares of Apollo Endosurgery in a report on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.83.

In other news, major shareholder Stonepine Capital, L.P. purchased 300,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were acquired at an average price of $5.00 per share, for a total transaction of $1,500,000.00. Following the completion of the acquisition, the insider now directly owns 2,877,996 shares of the company’s stock, valued at $14,389,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 52.80% of the stock is owned by insiders.

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Apollo Endosurgery Company Profile

Apollo Endosurgery, Inc, a medical technology company, focuses on the design, development, and commercialization of medical devices for the treatment of obesity. The company offers endo-bariatric products, such as Orbera intragastric balloon system and Orbera365 Managed Weight Loss System, which are non-surgical alternatives for the treatment of overweight and obese adults; and OverStitch endoscopic suturing system that enables endoscopic procedures by allowing physicians to place full-thickness sutures and secure the approximation of tissue through flexible endoscope.

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Earnings History for Apollo Endosurgery (NASDAQ:APEN)

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