-$0.65 Earnings Per Share Expected for Zynerba Pharmaceuticals Inc (ZYNE) This Quarter

Brokerages expect Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) to post ($0.65) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Zynerba Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.62) and the lowest estimate coming in at ($0.68). Zynerba Pharmaceuticals reported earnings per share of ($0.60) during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The business is expected to announce its next quarterly earnings results on Tuesday, May 8th.

On average, analysts expect that Zynerba Pharmaceuticals will report full-year earnings of ($2.63) per share for the current year, with EPS estimates ranging from ($2.96) to ($2.30). For the next fiscal year, analysts forecast that the firm will post earnings of ($2.38) per share, with EPS estimates ranging from ($2.74) to ($2.18). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Zynerba Pharmaceuticals.

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Zynerba Pharmaceuticals (NASDAQ:ZYNE) last announced its earnings results on Monday, March 12th. The company reported ($0.60) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.60). During the same quarter in the prior year, the business posted ($0.71) EPS.

ZYNE has been the topic of several research reports. HC Wainwright set a $23.00 price objective on shares of Zynerba Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Cantor Fitzgerald initiated coverage on shares of Zynerba Pharmaceuticals in a research note on Monday, March 5th. They set a “buy” rating and a $17.00 price objective on the stock. Canaccord Genuity set a $18.00 price objective on shares of Zynerba Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, Ladenburg Thalmann Financial Services initiated coverage on shares of Zynerba Pharmaceuticals in a research note on Monday, January 29th. They set a “buy” rating and a $25.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $17.86.

Shares of ZYNE stock opened at $8.85 on Friday. The firm has a market cap of $123.95, a PE ratio of -3.58 and a beta of 5.06. Zynerba Pharmaceuticals has a 52 week low of $5.42 and a 52 week high of $25.95.

In other Zynerba Pharmaceuticals news, major shareholder Michael Rapp acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were acquired at an average price of $12.99 per share, with a total value of $194,850.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.91% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ZYNE. New York State Common Retirement Fund bought a new position in shares of Zynerba Pharmaceuticals in the second quarter worth approximately $207,000. Northern Trust Corp lifted its stake in shares of Zynerba Pharmaceuticals by 420.5% in the second quarter. Northern Trust Corp now owns 135,876 shares of the company’s stock worth $2,306,000 after buying an additional 109,770 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Zynerba Pharmaceuticals by 12.4% in the second quarter. Vanguard Group Inc. now owns 478,763 shares of the company’s stock worth $8,125,000 after buying an additional 52,952 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Zynerba Pharmaceuticals in the second quarter worth approximately $223,000. Finally, State Street Corp bought a new position in shares of Zynerba Pharmaceuticals in the second quarter worth approximately $2,698,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

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Zynerba Pharmaceuticals Company Profile

Zynerba Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing transdermal synthetic cannabinoid treatments for patients with high unmet needs. Its development pipeline includes two product candidates: ZYN002 and ZYN001. ZYN002 is a synthetic cannabidiol (CBD), which is a non-psychoactive cannabinoid, formulated as a patent-protected permeation-enhanced gel for transdermal delivery through the skin and into the circulatory system.

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Earnings History and Estimates for Zynerba Pharmaceuticals (NASDAQ:ZYNE)

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