Dermira (DERM) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Dermira (NASDAQ:DERM) issued its quarterly earnings results on Wednesday. The biopharmaceutical company reported ($1.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.63) by $0.05, Morningstar.com reports. The business had revenue of $0.72 million during the quarter, compared to analysts’ expectations of $0.80 million. Dermira had a negative return on equity of 128.21% and a negative net margin of 761.87%.

NASDAQ DERM traded down $0.62 on Thursday, hitting $11.88. 946,506 shares of the company’s stock were exchanged, compared to its average volume of 1,002,837. The company has a debt-to-equity ratio of 2.49, a current ratio of 4.78 and a quick ratio of 4.78. Dermira has a 52 week low of $6.98 and a 52 week high of $31.42. The stock has a market capitalization of $513.14 million, a PE ratio of -2.71 and a beta of 0.96.

In other Dermira news, Director Matthew K. Fust sold 4,000 shares of the company’s stock in a transaction on Friday, October 19th. The stock was sold at an average price of $13.75, for a total transaction of $55,000.00. Following the completion of the sale, the director now directly owns 14,051 shares in the company, valued at $193,201.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DERM. Orbimed Advisors LLC acquired a new position in shares of Dermira during the second quarter worth $9,491,000. C WorldWide Group Holding A S increased its holdings in shares of Dermira by 298.4% during the second quarter. C WorldWide Group Holding A S now owns 481,670 shares of the biopharmaceutical company’s stock worth $4,431,000 after buying an additional 360,767 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dermira by 94.2% during the second quarter. Dimensional Fund Advisors LP now owns 621,928 shares of the biopharmaceutical company’s stock worth $5,722,000 after buying an additional 301,690 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Dermira by 919.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 161,307 shares of the biopharmaceutical company’s stock worth $1,484,000 after buying an additional 145,477 shares in the last quarter. Finally, First Midwest Bank Trust Division increased its holdings in shares of Dermira by 69.0% during the second quarter. First Midwest Bank Trust Division now owns 328,170 shares of the biopharmaceutical company’s stock worth $3,019,000 after buying an additional 134,026 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

DERM has been the subject of several recent analyst reports. ValuEngine upgraded Dermira from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded Dermira from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Mizuho restated a “hold” rating and set a $10.00 target price on shares of Dermira in a research note on Tuesday, October 2nd. Cantor Fitzgerald set a $20.00 target price on Dermira and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, BidaskClub upgraded Dermira from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.86.

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About Dermira

Dermira, Inc, a biopharmaceutical company, identifies, develops, and commercializes therapies to treat dermatologic diseases. The company's product candidates include Glycopyrronium tosylate, a novel form of an anticholinergic agent that has completed Phase III clinical trial for the treatment of primary axillary hyperhidrosis; Olumacostat glasaretil, a novel small molecule designed to target sebum production, which is in Phase III clinical trial for the treatment of acne vulgaris; and lebrikizumab, a novel humanized monoclonal antibody targeting interleukin 13 that is in Phase 2b development for the treatment of moderate-to-severe atopic dermatitis.

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Earnings History for Dermira (NASDAQ:DERM)

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