Dova Pharmaceuticals Inc (DOVA) Expected to Announce Earnings of -$0.73 Per Share

Wall Street analysts expect Dova Pharmaceuticals Inc (NASDAQ:DOVA) to report earnings of ($0.73) per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Dova Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.66) and the lowest estimate coming in at ($0.76). Dova Pharmaceuticals reported earnings of ($0.36) per share in the same quarter last year, which indicates a negative year over year growth rate of 102.8%. The business is expected to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Dova Pharmaceuticals will report full year earnings of ($2.76) per share for the current fiscal year, with EPS estimates ranging from ($2.79) to ($2.72). For the next fiscal year, analysts forecast that the company will report earnings of ($1.91) per share, with EPS estimates ranging from ($2.70) to ($1.13). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Dova Pharmaceuticals.

Dova Pharmaceuticals (NASDAQ:DOVA) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.69) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.12. The company had revenue of $2.93 million during the quarter, compared to analysts’ expectations of $2.66 million.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Dova Pharmaceuticals from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 10th. BidaskClub cut Dova Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price target on shares of Dova Pharmaceuticals in a research note on Sunday, July 15th. Raymond James assumed coverage on Dova Pharmaceuticals in a research note on Wednesday, August 29th. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Leerink Swann dropped their price target on Dova Pharmaceuticals from $32.00 to $31.00 and set a “market perform” rating on the stock in a research note on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.20.

In other Dova Pharmaceuticals news, CEO Alex Sapir bought 21,700 shares of the stock in a transaction on Tuesday, August 14th. The shares were bought at an average price of $22.83 per share, with a total value of $495,411.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 55.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DOVA. Schwab Charles Investment Management Inc. grew its stake in Dova Pharmaceuticals by 36.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,500 shares of the company’s stock valued at $367,000 after acquiring an additional 3,600 shares in the last quarter. Northern Trust Corp grew its stake in Dova Pharmaceuticals by 17.5% during the 1st quarter. Northern Trust Corp now owns 64,161 shares of the company’s stock valued at $1,740,000 after acquiring an additional 9,569 shares in the last quarter. BlackRock Inc. grew its stake in Dova Pharmaceuticals by 12.5% during the 1st quarter. BlackRock Inc. now owns 648,614 shares of the company’s stock valued at $17,591,000 after acquiring an additional 71,815 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dova Pharmaceuticals by 148.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,345 shares of the company’s stock valued at $145,000 after acquiring an additional 3,195 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Dova Pharmaceuticals during the 1st quarter valued at about $220,000. 36.64% of the stock is currently owned by institutional investors.

Shares of DOVA opened at $16.89 on Thursday. Dova Pharmaceuticals has a 1-year low of $16.63 and a 1-year high of $37.00. The company has a quick ratio of 13.14, a current ratio of 13.19 and a debt-to-equity ratio of 0.17.

About Dova Pharmaceuticals

Dova Pharmaceuticals, Inc, a pharmaceutical company, focuses on acquiring, developing, and commercializing drug candidates for thrombocytopenia disease. The company's lead drug candidate is avatrombopag that has completed Phase III clinical trials for the treatment of thrombocytopenia in patients with chronic liver disease.

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Earnings History and Estimates for Dova Pharmaceuticals (NASDAQ:DOVA)

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