Jefferies Group Weighs in on Esperion Therapeutics, Inc.’s Q3 2017 Earnings (ESPR)
Esperion Therapeutics, Inc. (NASDAQ:ESPR) – Analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for Esperion Therapeutics in a report released on Tuesday. Jefferies Group analyst M. Yee now anticipates that the biopharmaceutical company will post earnings per share of ($2.02) for the quarter, down from their prior estimate of ($1.40). Jefferies Group currently has a “Buy” rating and a $55.00 target price on the stock. Jefferies Group also issued estimates for Esperion Therapeutics’ Q4 2017 earnings at ($2.22) EPS, FY2017 earnings at ($7.96) EPS and FY2018 earnings at ($8.72) EPS.
Other equities analysts have also recently issued reports about the stock. UBS AG reiterated a “buy” rating and set a $57.00 target price (up from $52.00) on shares of Esperion Therapeutics in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Esperion Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 target price (up from $60.00) on shares of Esperion Therapeutics in a research note on Thursday. Needham & Company LLC upped their target price on shares of Esperion Therapeutics from $58.00 to $72.00 and gave the company a “positive” rating in a research note on Tuesday. Finally, BidaskClub upgraded shares of Esperion Therapeutics from a “hold” rating to a “buy” rating in a research note on Sunday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.16.
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Esperion Therapeutics (ESPR) opened at 48.14 on Friday. The firm’s market capitalization is $1.09 billion. Esperion Therapeutics has a one year low of $9.40 and a one year high of $57.38. The firm’s 50-day moving average is $46.88 and its 200 day moving average is $34.99.
Esperion Therapeutics (NASDAQ:ESPR) last announced its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($1.92) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.25. During the same period in the prior year, the business earned ($0.62) EPS.
Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Esperion Therapeutics during the first quarter valued at about $158,000. C WorldWide Group Holding A S acquired a new stake in shares of Esperion Therapeutics during the first quarter valued at about $162,000. Princeton Alpha Management LP acquired a new stake in shares of Esperion Therapeutics during the first quarter valued at about $205,000. Bank of Montreal Can raised its stake in shares of Esperion Therapeutics by 1,006.7% in the first quarter. Bank of Montreal Can now owns 6,596 shares of the biopharmaceutical company’s stock valued at $233,000 after buying an additional 6,000 shares during the period. Finally, Aperio Group LLC acquired a new stake in shares of Esperion Therapeutics during the second quarter valued at about $249,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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