$49.73 Million in Sales Expected for Collegium Pharmaceutical Inc (COLL) This Quarter

Equities research analysts expect Collegium Pharmaceutical Inc (NASDAQ:COLL) to post $49.73 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Collegium Pharmaceutical’s earnings, with the highest sales estimate coming in at $67.67 million and the lowest estimate coming in at $24.50 million. Collegium Pharmaceutical posted sales of $2.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2,191.7%. The business is expected to report its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that Collegium Pharmaceutical will report full-year sales of $49.73 million for the current year, with estimates ranging from $227.20 million to $311.99 million. For the next fiscal year, analysts expect that the firm will post sales of $356.89 million per share, with estimates ranging from $315.73 million to $406.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Collegium Pharmaceutical.

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Collegium Pharmaceutical (NASDAQ:COLL) last announced its quarterly earnings data on Wednesday, March 7th. The specialty pharmaceutical company reported ($0.54) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.56) by $0.02. The firm had revenue of $10.79 million during the quarter, compared to analysts’ expectations of $9.88 million. Collegium Pharmaceutical had a negative return on equity of 73.00% and a negative net margin of 262.91%. Collegium Pharmaceutical’s quarterly revenue was up 728.4% compared to the same quarter last year.

Several brokerages have weighed in on COLL. HC Wainwright lifted their price objective on Collegium Pharmaceutical from $21.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 8th. TheStreet raised Collegium Pharmaceutical from a “d+” rating to a “c” rating in a report on Wednesday, March 7th. Janney Montgomery Scott set a $26.00 price objective on Collegium Pharmaceutical and gave the company a “buy” rating in a report on Tuesday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Collegium Pharmaceutical in a report on Thursday, March 8th. Finally, BidaskClub cut Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.17.

Collegium Pharmaceutical stock opened at $26.54 on Friday. The firm has a market capitalization of $892.48, a price-to-earnings ratio of -10.62 and a beta of 0.81. Collegium Pharmaceutical has a fifty-two week low of $7.37 and a fifty-two week high of $29.90.

In other news, Chairman Michael Thomas Heffernan sold 20,000 shares of Collegium Pharmaceutical stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $25.01, for a total value of $500,200.00. Following the transaction, the chairman now owns 535,395 shares in the company, valued at approximately $13,390,228.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alison B. Fleming sold 6,928 shares of Collegium Pharmaceutical stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $19.07, for a total value of $132,116.96. Following the completion of the transaction, the insider now owns 32,651 shares in the company, valued at approximately $622,654.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,928 shares of company stock worth $1,082,317. Corporate insiders own 25.76% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Collegium Pharmaceutical by 87.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,500 shares of the specialty pharmaceutical company’s stock valued at $138,000 after purchasing an additional 3,500 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Collegium Pharmaceutical during the 4th quarter worth $176,000. Monarch Partners Asset Management LLC bought a new stake in Collegium Pharmaceutical during the 4th quarter worth $264,000. Dimensional Fund Advisors LP bought a new stake in Collegium Pharmaceutical during the 2nd quarter worth $198,000. Finally, JPMorgan Chase & Co. bought a new stake in Collegium Pharmaceutical during the 3rd quarter worth $192,000. Institutional investors own 86.39% of the company’s stock.

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About Collegium Pharmaceutical

Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.

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Earnings History and Estimates for Collegium Pharmaceutical (NASDAQ:COLL)

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