-$0.51 EPS Expected for Scpharmaceuticals Inc (SCPH) This Quarter

Equities research analysts expect that Scpharmaceuticals Inc (NASDAQ:SCPH) will report earnings per share of ($0.51) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Scpharmaceuticals’ earnings. The highest EPS estimate is ($0.50) and the lowest is ($0.51). The business is scheduled to report its next quarterly earnings report on Tuesday, June 19th.

According to Zacks, analysts expect that Scpharmaceuticals will report full year earnings of ($2.78) per share for the current year, with EPS estimates ranging from ($2.90) to ($2.66). For the next financial year, analysts forecast that the company will report earnings of ($2.34) per share, with EPS estimates ranging from ($2.36) to ($2.32). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Scpharmaceuticals.

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Scpharmaceuticals (NASDAQ:SCPH) last released its quarterly earnings data on Tuesday, March 20th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.27).

A number of equities analysts have recently weighed in on SCPH shares. Zacks Investment Research upgraded Scpharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Jefferies Group reiterated a “buy” rating and set a $26.00 target price on shares of Scpharmaceuticals in a research note on Wednesday, March 21st. Leerink Swann started coverage on Scpharmaceuticals in a research note on Tuesday, December 12th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, BMO Capital Markets started coverage on Scpharmaceuticals in a research note on Tuesday, December 12th. They set an “outperform” rating and a $24.00 target price on the stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Monashee Investment Management LLC bought a new position in shares of Scpharmaceuticals during the fourth quarter worth approximately $230,000. Bank of New York Mellon Corp bought a new position in shares of Scpharmaceuticals during the fourth quarter worth approximately $414,000. Millennium Management LLC bought a new position in Scpharmaceuticals during the 4th quarter worth $462,000. Goldman Sachs Group Inc. bought a new position in Scpharmaceuticals during the 4th quarter worth $653,000. Finally, Bain Capital Public Equity Management LLC bought a new position in Scpharmaceuticals during the 4th quarter worth $1,291,000. Institutional investors own 44.22% of the company’s stock.

Shares of NASDAQ SCPH traded down $0.06 during trading hours on Friday, reaching $11.20. 1,758 shares of the stock were exchanged, compared to its average volume of 51,720. The firm has a market cap of $216.49 and a P/E ratio of -1.39. The company has a current ratio of 24.12, a quick ratio of 24.12 and a debt-to-equity ratio of 0.09. Scpharmaceuticals has a 52 week low of $10.72 and a 52 week high of $18.17.

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Scpharmaceuticals Company Profile

scPharmaceuticals Inc, a biopharmaceutical company, engages in the development and commercialization of pharmaceutical products. The company's under development products are for heart failure and infectious diseases that include Furoscix for the treatment of worsening or decompensated heart failure outside of the inpatient setting.

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