Brokerages Expect Arrowhead Pharmaceuticals Inc (ARWR) Will Post Earnings of -$0.13 Per Share
Equities research analysts predict that Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) will post earnings per share of ($0.13) for the current quarter, Zacks reports. Two analysts have provided estimates for Arrowhead Pharmaceuticals’ earnings, with estimates ranging from ($0.18) to ($0.10). Arrowhead Pharmaceuticals reported earnings per share of ($0.31) in the same quarter last year, which suggests a positive year over year growth rate of 58.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, December 13th.
According to Zacks, analysts expect that Arrowhead Pharmaceuticals will report full year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.50) to ($0.41). For the next year, analysts anticipate that the firm will report earnings of ($0.81) per share, with EPS estimates ranging from ($0.88) to ($0.69). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Arrowhead Pharmaceuticals.
ARWR has been the subject of several research reports. ValuEngine downgraded shares of Arrowhead Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Piper Jaffray Companies raised shares of Arrowhead Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $5.50 price target for the company in a research report on Monday, November 27th. William Blair raised shares of Arrowhead Pharmaceuticals from a “market perform” rating to an “outperform” rating in a research report on Monday, September 18th. Cantor Fitzgerald reissued a “hold” rating and issued a $2.00 price target (up previously from $1.00) on shares of Arrowhead Pharmaceuticals in a research report on Friday, September 15th. Finally, BidaskClub downgraded shares of Arrowhead Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Arrowhead Pharmaceuticals currently has a consensus rating of “Hold” and a consensus target price of $3.17.
Arrowhead Pharmaceuticals (NASDAQ ARWR) traded down $0.08 during midday trading on Monday, reaching $3.49. 1,011,417 shares of the company traded hands, compared to its average volume of 771,375. Arrowhead Pharmaceuticals has a twelve month low of $1.20 and a twelve month high of $4.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.84 and a quick ratio of 3.84.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Arrowhead Pharmaceuticals by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 314,034 shares of the biotechnology company’s stock worth $581,000 after acquiring an additional 11,099 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Arrowhead Pharmaceuticals by 10.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 171,249 shares of the biotechnology company’s stock worth $742,000 after acquiring an additional 16,103 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Arrowhead Pharmaceuticals by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 663,062 shares of the biotechnology company’s stock worth $1,226,000 after acquiring an additional 21,654 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Arrowhead Pharmaceuticals by 252.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 44,358 shares of the biotechnology company’s stock worth $192,000 after acquiring an additional 31,765 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its holdings in Arrowhead Pharmaceuticals by 115.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 99,267 shares of the biotechnology company’s stock worth $161,000 after acquiring an additional 53,215 shares during the last quarter. 20.20% of the stock is currently owned by hedge funds and other institutional investors.
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About Arrowhead Pharmaceuticals
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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