Albireo Pharma (NASDAQ:ALBO) Announces Earnings Results, Beats Expectations By $0.09 EPS

Albireo Pharma (NASDAQ:ALBO) posted its quarterly earnings results on Thursday. The biopharmaceutical company reported ($1.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.44) by $0.09, Morningstar.com reports. The firm had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.11 million. Albireo Pharma had a negative return on equity of 47.03% and a negative net margin of 2,900.81%.

Shares of ALBO stock traded down $1.89 during trading on Friday, reaching $22.86. 60,801 shares of the company’s stock were exchanged, compared to its average volume of 46,349. The stock has a market capitalization of $275.23 million, a PE ratio of -5.80 and a beta of 1.52. Albireo Pharma has a twelve month low of $19.10 and a twelve month high of $38.69. The business has a fifty day moving average price of $28.98.

Several research analysts have weighed in on the company. William Blair reaffirmed a “buy” rating on shares of Albireo Pharma in a research report on Monday, July 15th. Cowen reaffirmed a “buy” rating on shares of Albireo Pharma in a research report on Wednesday, April 17th. HC Wainwright reaffirmed a “buy” rating and set a $62.00 price target on shares of Albireo Pharma in a research report on Wednesday, July 10th. BidaskClub lowered Albireo Pharma from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, ValuEngine raised Albireo Pharma from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $60.33.

Several hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Albireo Pharma by 15.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,576 shares of the biopharmaceutical company’s stock worth $761,000 after acquiring an additional 3,136 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Albireo Pharma by 8.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 39,356 shares of the biopharmaceutical company’s stock valued at $1,269,000 after purchasing an additional 2,908 shares during the period. JPMorgan Chase & Co. boosted its stake in Albireo Pharma by 27.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,836 shares of the biopharmaceutical company’s stock valued at $90,000 after purchasing an additional 614 shares during the period. Wells Fargo & Company MN boosted its stake in Albireo Pharma by 40.0% in the 2nd quarter. Wells Fargo & Company MN now owns 18,160 shares of the biopharmaceutical company’s stock valued at $585,000 after purchasing an additional 5,192 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Albireo Pharma by 796.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,026 shares of the biopharmaceutical company’s stock valued at $65,000 after purchasing an additional 1,800 shares during the period. 70.52% of the stock is currently owned by institutional investors and hedge funds.

About Albireo Pharma

Albireo Pharma, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel bile acid modulators to treat orphan pediatric liver diseases and gastrointestinal (GI) disorders in the United States. Its lead product candidate is A4250, an orally administered ileal sodium dependent bile acid transporter (IBAT) inhibitor that is in phase III clinical trial for treating progressive familial intrahepatic cholestasis and phase II clinical trial for treating biliary atresia, alagille syndrome, and other cholestatic liver diseases.

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Earnings History for Albireo Pharma (NASDAQ:ALBO)

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