Omeros (OMER) Announces Earnings Results
Omeros (NASDAQ:OMER) announced its quarterly earnings results on Friday. The biopharmaceutical company reported ($0.81) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.04), Fidelity Earnings reports. The business had revenue of $4.61 million for the quarter, compared to analyst estimates of $3.07 million. During the same period in the previous year, the business earned ($0.16) EPS.
Shares of NASDAQ OMER traded down $3.00 during trading on Friday, hitting $13.02. The stock had a trading volume of 5,656,225 shares, compared to its average volume of 613,109. Omeros has a 12 month low of $8.36 and a 12 month high of $27.00. The firm has a market cap of $793.47 million, a price-to-earnings ratio of -16.48 and a beta of 3.79.
A number of analysts have commented on OMER shares. BidaskClub upgraded shares of Omeros from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 1st. HC Wainwright set a $34.00 price target on shares of Omeros and gave the company a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Omeros from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. ValuEngine upgraded shares of Omeros from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 24th. Finally, Maxim Group reiterated a “buy” rating and issued a $32.00 target price on shares of Omeros in a research note on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.56.
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Omeros Corporation, a biopharmaceutical company, discovers, develops, and commercializes small-molecule and protein therapeutics, and orphan indications targeting inflammation, coagulopathies, and disorders of the central nervous system. The company markets OMIDRIA for use in cataract surgery or intraocular lens replacement in the United States.
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