Brokerages expect MannKind Co. (NASDAQ:MNKD) to announce ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for MannKind’s earnings, with estimates ranging from ($0.07) to ($0.06). MannKind also reported earnings of ($0.06) per share in the same quarter last year. The business is expected to report its next earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that MannKind will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.29) to ($0.24). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.21) per share, with EPS estimates ranging from ($0.28) to ($0.17). Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for MannKind.
MannKind (NASDAQ:MNKD) last posted its quarterly earnings data on Wednesday, November 6th. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The firm had revenue of $14.60 million during the quarter, compared to analyst estimates of $15.03 million. During the same period in the prior year, the company posted ($0.16) earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of MannKind in the 2nd quarter worth $33,000. LPL Financial LLC increased its stake in shares of MannKind by 86.8% in the 2nd quarter. LPL Financial LLC now owns 33,927 shares of the biopharmaceutical company’s stock worth $39,000 after acquiring an additional 15,765 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of MannKind by 28.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 53,503 shares of the biopharmaceutical company’s stock worth $60,000 after acquiring an additional 11,813 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of MannKind in the 2nd quarter worth $68,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of MannKind in the 2nd quarter worth $75,000. 25.95% of the stock is owned by institutional investors and hedge funds.
NASDAQ MNKD opened at $1.54 on Wednesday. The business has a fifty day moving average price of $1.32 and a 200 day moving average price of $1.23. MannKind has a one year low of $1.02 and a one year high of $2.34. The company has a market cap of $317.87 million, a P/E ratio of -2.61 and a beta of 2.30.
MannKind Corporation, a biopharmaceutical company, focuses on the development and commercialization of inhaled therapeutic products for diabetes and pulmonary arterial hypertension patients. It offers Afrezza, a dry powder formulation of human insulin that controls high blood sugar in adults with type 1 and type 2 diabetes in the United States.
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