-$1.01 EPS Expected for Merrimack Pharmaceuticals Inc (MACK) This Quarter
Equities research analysts expect Merrimack Pharmaceuticals Inc (NASDAQ:MACK) to report earnings of ($1.01) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Merrimack Pharmaceuticals’ earnings. Merrimack Pharmaceuticals posted earnings of ($0.89) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.5%. The firm is expected to issue its next quarterly earnings report on Monday, March 11th.
On average, analysts expect that Merrimack Pharmaceuticals will report full year earnings of ($4.60) per share for the current fiscal year. For the next financial year, analysts anticipate that the company will post earnings of ($2.88) per share, with EPS estimates ranging from ($3.59) to ($2.16). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Merrimack Pharmaceuticals.
Merrimack Pharmaceuticals (NASDAQ:MACK) last issued its quarterly earnings data on Wednesday, November 7th. The biopharmaceutical company reported ($0.92) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.65).
Several hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd raised its position in Merrimack Pharmaceuticals by 122.9% during the second quarter. Dynamic Technology Lab Private Ltd now owns 22,731 shares of the biopharmaceutical company’s stock valued at $112,000 after purchasing an additional 12,534 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Merrimack Pharmaceuticals during the second quarter valued at about $143,000. Stonebridge Capital Management Inc. raised its position in Merrimack Pharmaceuticals by 64.7% during the third quarter. Stonebridge Capital Management Inc. now owns 34,130 shares of the biopharmaceutical company’s stock valued at $182,000 after purchasing an additional 13,405 shares in the last quarter. LMR Partners LLP purchased a new stake in Merrimack Pharmaceuticals during the second quarter valued at about $211,000. Finally, Clearline Capital LP purchased a new stake in Merrimack Pharmaceuticals during the second quarter valued at about $291,000. Institutional investors own 47.33% of the company’s stock.
Shares of MACK stock remained flat at $$4.54 on Wednesday. The company had a trading volume of 25,312 shares, compared to its average volume of 146,899. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.22. Merrimack Pharmaceuticals has a one year low of $3.34 and a one year high of $12.45. The stock has a market capitalization of $60.18 million, a P/E ratio of -0.80 and a beta of 2.56.
Merrimack Pharmaceuticals Company Profile
Merrimack Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on biomarker-defined cancers in the United States. The company's clinical programs include MM-121, which is in Phase II clinical trial for the treatment of patients with heregulin positive non-small cell lung cancer; and MM-141, a human tetravalent bispecific antibody that is in Phase II clinical trial for treating patients with metastatic pancreatic cancer with high serum levels of free insulin-like growth factor 1.
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