-$0.06 Earnings Per Share Expected for Catalyst Pharmaceuticals, Inc. (CPRX) This Quarter
Equities analysts predict that Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) will announce ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Catalyst Pharmaceuticals’ earnings, with estimates ranging from ($0.06) to ($0.05). Catalyst Pharmaceuticals posted earnings of ($0.05) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The company is scheduled to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Catalyst Pharmaceuticals will report full-year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.22). For the next year, analysts expect that the business will post earnings of ($0.25) per share, with EPS estimates ranging from ($0.30) to ($0.14). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Catalyst Pharmaceuticals.
Catalyst Pharmaceuticals (NASDAQ:CPRX) last released its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01.
A number of brokerages have recently issued reports on CPRX. Piper Jaffray Companies set a $6.00 price target on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a report on Monday, August 7th. SunTrust Banks, Inc. restated a “buy” rating and set a $5.00 price target on shares of Catalyst Pharmaceuticals in a report on Tuesday, September 5th. Roth Capital set a $5.00 price target on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Catalyst Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $4.90.
Catalyst Pharmaceuticals (CPRX) remained flat at $2.44 on Friday. 221,093 shares of the company traded hands. The stock has a 50 day moving average of $2.70 and a 200 day moving average of $2.29. Catalyst Pharmaceuticals has a 12-month low of $0.94 and a 12-month high of $3.20. The company’s market cap is $206.31 million.
In related news, insider Patrick J. Mcenany bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average price of $2.58 per share, for a total transaction of $51,600.00. Following the acquisition, the insider now owns 4,471,026 shares of the company’s stock, valued at $11,535,247.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.79% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors acquired a new stake in Catalyst Pharmaceuticals in the 2nd quarter valued at approximately $111,000. New York State Common Retirement Fund acquired a new stake in Catalyst Pharmaceuticals in the 2nd quarter valued at approximately $114,000. State of Wisconsin Investment Board acquired a new stake in Catalyst Pharmaceuticals in the 2nd quarter valued at approximately $149,000. Oxford Asset Management increased its holdings in Catalyst Pharmaceuticals by 138.1% in the 1st quarter. Oxford Asset Management now owns 58,940 shares of the biopharmaceutical company’s stock valued at $115,000 after purchasing an additional 34,181 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Catalyst Pharmaceuticals by 1,861.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 63,114 shares of the biopharmaceutical company’s stock valued at $175,000 after purchasing an additional 59,896 shares during the last quarter. Hedge funds and other institutional investors own 40.15% of the company’s stock.
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Catalyst Pharmaceuticals Company Profile
Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.
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