Scpharmaceuticals Inc (NASDAQ:SCPH) Expected to Post Earnings of -$0.48 Per Share

Equities research analysts predict that Scpharmaceuticals Inc (NASDAQ:SCPH) will announce earnings of ($0.48) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Scpharmaceuticals’ earnings. The lowest EPS estimate is ($0.55) and the highest is ($0.36). Scpharmaceuticals reported earnings per share of ($0.27) in the same quarter last year, which suggests a negative year-over-year growth rate of 77.8%. The business is expected to announce its next quarterly earnings report on Thursday, March 19th.

On average, analysts expect that Scpharmaceuticals will report full year earnings of ($1.66) per share for the current year, with EPS estimates ranging from ($1.72) to ($1.55). For the next financial year, analysts anticipate that the firm will post earnings of ($1.70) per share, with EPS estimates ranging from ($2.15) to ($1.02). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Scpharmaceuticals.

Scpharmaceuticals (NASDAQ:SCPH) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.12.

SCPH has been the subject of a number of recent analyst reports. ValuEngine raised shares of Scpharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. HC Wainwright initiated coverage on shares of Scpharmaceuticals in a report on Tuesday, October 15th. They set a “buy” rating and a $13.00 price target for the company. Finally, Zacks Investment Research raised shares of Scpharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $5.25 price target for the company in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Scpharmaceuticals presently has a consensus rating of “Buy” and an average price target of $7.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eversept Partners LP bought a new position in Scpharmaceuticals during the 2nd quarter valued at $556,000. Alambic Investment Management L.P. bought a new position in Scpharmaceuticals during the 2nd quarter valued at $191,000. Jacobs Levy Equity Management Inc. boosted its stake in Scpharmaceuticals by 55.8% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 36,921 shares of the company’s stock valued at $118,000 after acquiring an additional 13,225 shares during the last quarter. Paloma Partners Management Co bought a new position in Scpharmaceuticals during the 2nd quarter valued at $96,000. Finally, Matisse Capital bought a new position in Scpharmaceuticals during the 3rd quarter valued at $86,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

SCPH traded down $0.07 during trading hours on Friday, reaching $4.31. 19,549 shares of the stock traded hands, compared to its average volume of 55,291. The firm’s fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $5.00. The company has a market cap of $80.31 million, a price-to-earnings ratio of -2.71 and a beta of 0.67. Scpharmaceuticals has a fifty-two week low of $2.44 and a fifty-two week high of $7.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 10.48 and a quick ratio of 10.47.

About Scpharmaceuticals

scPharmaceuticals Inc, a pharmaceutical company, engages in the development and commercialization of various pharmaceutical products. The company's lead product candidate is Furoscix that consists of proprietary subcutaneous formulation of furosemide, which is delivered through the SmartDose drug delivery system for treatment of congestion in decompensated heart failure patients outside of the acute care setting.

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Earnings History and Estimates for Scpharmaceuticals (NASDAQ:SCPH)

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