Analysts predict that Recro Pharma Inc (NASDAQ:REPH) will post $13.32 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Recro Pharma’s earnings, with estimates ranging from $13.30 million to $13.35 million. Recro Pharma posted sales of $17.36 million during the same quarter last year, which suggests a negative year over year growth rate of 23.3%. The company is expected to report its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Recro Pharma will report full-year sales of $13.32 million for the current year, with estimates ranging from $62.50 million to $66.14 million. For the next financial year, analysts expect that the firm will post sales of $66.09 million per share, with estimates ranging from $63.60 million to $70.93 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Recro Pharma.

Recro Pharma (NASDAQ:REPH) last issued its quarterly earnings data on Thursday, November 9th. The specialty pharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.27. Recro Pharma had a negative net margin of 51.88% and a negative return on equity of 60.01%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Recro Pharma from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies restated a “buy” rating and set a $11.00 price objective on shares of Recro Pharma in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Recro Pharma currently has an average rating of “Hold” and a consensus target price of $11.65.

In other news, major shareholder Healthcare Master Fun Broadfin sold 102,440 shares of Recro Pharma stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $9.50, for a total value of $973,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Scp Vitalife Partners (Israel) sold 12,964 shares of Recro Pharma stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $8.88, for a total transaction of $115,120.32. Following the completion of the sale, the insider now owns 734,269 shares of the company’s stock, valued at $6,520,308.72. The disclosure for this sale can be found here. Insiders have sold 860,414 shares of company stock valued at $8,289,916 over the last 90 days. Company insiders own 21.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Recro Pharma by 183.4% in the third quarter. JPMorgan Chase & Co. now owns 21,784 shares of the specialty pharmaceutical company’s stock valued at $197,000 after buying an additional 14,098 shares in the last quarter. Teachers Advisors LLC acquired a new stake in shares of Recro Pharma in the second quarter valued at approximately $162,000. California State Teachers Retirement System acquired a new stake in shares of Recro Pharma in the second quarter valued at approximately $169,000. Wells Fargo & Company MN raised its position in shares of Recro Pharma by 42.5% in the third quarter. Wells Fargo & Company MN now owns 24,508 shares of the specialty pharmaceutical company’s stock valued at $220,000 after buying an additional 7,308 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Recro Pharma in the second quarter valued at approximately $215,000. Institutional investors own 61.55% of the company’s stock.

Shares of Recro Pharma (NASDAQ REPH) traded up $0.04 during mid-day trading on Thursday, reaching $8.93. 163,894 shares of the company’s stock traded hands, compared to its average volume of 87,771. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.59 and a quick ratio of 1.35. The firm has a market capitalization of $170.80, a P/E ratio of -4.08 and a beta of -0.50. Recro Pharma has a 1 year low of $5.81 and a 1 year high of $10.59.

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Recro Pharma Company Profile

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

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