Analysts Anticipate Vanda Pharmaceuticals Inc. (VNDA) to Post -$0.09 Earnings Per Share

Equities research analysts expect Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) to post ($0.09) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Vanda Pharmaceuticals’ earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.13). Vanda Pharmaceuticals reported earnings of ($0.17) per share in the same quarter last year, which would suggest a positive year over year growth rate of 47.1%. The business is expected to announce its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that Vanda Pharmaceuticals will report full-year earnings of ($0.14) per share for the current financial year, with EPS estimates ranging from ($0.81) to $0.13. For the next financial year, analysts expect that the business will report earnings of $0.68 per share, with EPS estimates ranging from $0.54 to $0.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Vanda Pharmaceuticals.

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Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Wednesday, February 14th. The biopharmaceutical company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.08. Vanda Pharmaceuticals had a negative net margin of 9.43% and a negative return on equity of 11.94%. The company had revenue of $44.28 million for the quarter, compared to the consensus estimate of $44.00 million. During the same period last year, the company earned $0.08 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year.

A number of research firms have recently issued reports on VNDA. Oppenheimer set a $27.00 price objective on shares of Vanda Pharmaceuticals and gave the company a “buy” rating in a report on Monday, March 5th. Seaport Global Securities reiterated a “buy” rating and issued a $21.00 price objective on shares of Vanda Pharmaceuticals in a report on Wednesday, February 28th. BidaskClub upgraded shares of Vanda Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. Jefferies Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Vanda Pharmaceuticals in a report on Tuesday, February 13th. Finally, ValuEngine upgraded shares of Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.57.

Vanda Pharmaceuticals stock traded down $0.10 during midday trading on Thursday, hitting $16.85. 643,546 shares of the stock were exchanged, compared to its average volume of 1,079,367. Vanda Pharmaceuticals has a 12 month low of $11.90 and a 12 month high of $20.40.

In related news, insider Mihael Hristos Polymeropoulos sold 191,760 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total transaction of $2,933,928.00. Following the transaction, the insider now directly owns 1,031,848 shares in the company, valued at $15,787,274.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gunther Birznieks sold 8,568 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $15.26, for a total transaction of $130,747.68. Following the transaction, the senior vice president now owns 118,366 shares in the company, valued at $1,806,265.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,506 shares of company stock worth $4,665,795. 7.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in Vanda Pharmaceuticals during the fourth quarter worth $308,000. Metropolitan Life Insurance Co. NY acquired a new position in Vanda Pharmaceuticals during the fourth quarter worth $221,000. Macquarie Group Ltd. increased its holdings in Vanda Pharmaceuticals by 20.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,268,691 shares of the biopharmaceutical company’s stock worth $34,484,000 after buying an additional 378,606 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Vanda Pharmaceuticals by 5.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 446,482 shares of the biopharmaceutical company’s stock worth $6,787,000 after buying an additional 21,595 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Vanda Pharmaceuticals by 0.8% during the fourth quarter. Teachers Advisors LLC now owns 702,028 shares of the biopharmaceutical company’s stock worth $10,671,000 after buying an additional 5,690 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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Vanda Pharmaceuticals Company Profile

Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).

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Earnings History and Estimates for Vanda Pharmaceuticals (NASDAQ:VNDA)

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