Zacks: Analysts Expect Kadmon Holdings Inc (KDMN) to Post -$0.23 EPS
Analysts expect Kadmon Holdings Inc (NYSE:KDMN) to report earnings of ($0.23) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Kadmon’s earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.24). Kadmon posted earnings per share of ($0.24) in the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The company is scheduled to issue its next earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Kadmon will report full-year earnings of ($0.49) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.46). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.86) to ($0.18). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Kadmon.
Kadmon (NYSE:KDMN) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.50. The firm had revenue of $0.36 million during the quarter, compared to analyst estimates of $0.90 million.
Kadmon stock opened at $2.64 on Wednesday. The company has a market capitalization of $306.50 million, a price-to-earnings ratio of -1.86 and a beta of 3.57. Kadmon has a 12 month low of $1.88 and a 12 month high of $5.86.
Several institutional investors and hedge funds have recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in shares of Kadmon by 3.7% in the 2nd quarter. AE Wealth Management LLC now owns 529,212 shares of the company’s stock worth $2,112,000 after buying an additional 18,750 shares in the last quarter. American International Group Inc. raised its holdings in shares of Kadmon by 46.2% in the 3rd quarter. American International Group Inc. now owns 66,148 shares of the company’s stock worth $221,000 after buying an additional 20,894 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Kadmon in the 1st quarter worth approximately $106,000. Voya Investment Management LLC acquired a new position in shares of Kadmon in the 2nd quarter worth approximately $101,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Kadmon in the 2nd quarter worth approximately $105,000. 69.65% of the stock is owned by institutional investors and hedge funds.
Kadmon Company Profile
Kadmon Holdings, Inc, a biopharmaceutical company, discovers, develops, and commercializes small molecules and biologics primarily for the treatment of inflammatory and fibrotic diseases. The company markets and distributes a portfolio of branded generic ribavirin products for chronic hepatitis C virus infection; and distributes products in various therapeutic areas, including tetrabenazine for the treatment of chorea associated with Huntington's disease.
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