ArQule, Inc. (ARQL) Expected to Announce Earnings of -$0.06 Per Share

Brokerages forecast that ArQule, Inc. (NASDAQ:ARQL) will report earnings per share of ($0.06) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for ArQule’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.05). ArQule reported earnings of ($0.11) per share during the same quarter last year, which would suggest a positive year over year growth rate of 45.5%. The business is scheduled to report its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that ArQule will report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.32) to ($0.29). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.35) per share, with EPS estimates ranging from ($0.35) to ($0.34). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for ArQule.

How to Become a New Pot Stock Millionaire

ArQule (NASDAQ:ARQL) last posted its quarterly earnings results on Monday, March 5th. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). During the same quarter last year, the business posted ($0.10) earnings per share.

Several research firms have weighed in on ARQL. Zacks Investment Research upgraded shares of ArQule from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research report on Friday. BidaskClub cut shares of ArQule from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Roth Capital began coverage on shares of ArQule in a research report on Thursday, February 22nd. They set a “buy” rating and a $5.00 price objective on the stock. B. Riley set a $3.00 price objective on shares of ArQule and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Needham & Company LLC upgraded shares of ArQule from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. ArQule currently has an average rating of “Buy” and an average price target of $4.08.

In other ArQule news, insider Value Fund L. P. Biotechnology sold 2,301,581 shares of ArQule stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $2.90, for a total transaction of $6,674,584.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in ArQule during the 4th quarter worth approximately $165,000. BVF Inc. IL grew its position in ArQule by 122.1% during the 4th quarter. BVF Inc. IL now owns 16,436,912 shares of the biotechnology company’s stock worth $27,121,000 after purchasing an additional 9,036,784 shares in the last quarter. Deutsche Bank AG purchased a new position in ArQule during the 4th quarter worth approximately $390,000. Renaissance Technologies LLC grew its position in ArQule by 15.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,295,703 shares of the biotechnology company’s stock worth $3,788,000 after purchasing an additional 315,203 shares in the last quarter. Finally, Virtu Financial LLC grew its position in ArQule by 343.8% during the 4th quarter. Virtu Financial LLC now owns 129,038 shares of the biotechnology company’s stock worth $213,000 after purchasing an additional 99,964 shares in the last quarter. Hedge funds and other institutional investors own 67.08% of the company’s stock.

ArQule stock traded down $0.10 during mid-day trading on Monday, hitting $2.85. The company’s stock had a trading volume of 1,367,252 shares, compared to its average volume of 1,396,302. The company has a debt-to-equity ratio of 1.03, a quick ratio of 4.98 and a current ratio of 4.98. The firm has a market cap of $256.98, a price-to-earnings ratio of -7.31 and a beta of 0.83. ArQule has a twelve month low of $0.92 and a twelve month high of $3.35.

ILLEGAL ACTIVITY WARNING: “ArQule, Inc. (ARQL) Expected to Announce Earnings of -$0.06 Per Share” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3338987/arqule-inc-arql-expected-to-announce-earnings-of-0-06-per-share.html.

About ArQule

ArQule, Inc, a biopharmaceutical company, researches and develops therapeutics for the treatment of cancer and rare diseases in the United States. Its lead product candidate is tivantinib (ARQ 197), a small molecule inhibitor of the c-Met receptor tyrosine kinase and its biological pathway, which is in Phase III clinical trial for the treatment of liver cancer.

Get a free copy of the Zacks research report on ArQule (ARQL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ArQule (NASDAQ:ARQL)

Receive News & Ratings for ArQule Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArQule and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Anticipate First Industrial Realty Trust, Inc.  Will Announce Earnings of $0.38 Per Share
Analysts Anticipate First Industrial Realty Trust, Inc. Will Announce Earnings of $0.38 Per Share
TPI Composites  Expected to Announce Earnings of $0.03 Per Share
TPI Composites Expected to Announce Earnings of $0.03 Per Share
Brokerages Expect Kinsale Capital Group  to Announce $0.36 Earnings Per Share
Brokerages Expect Kinsale Capital Group to Announce $0.36 Earnings Per Share
President Trump  Market Capitalization Reaches $0.00
President Trump Market Capitalization Reaches $0.00
EDRCoin  Tops 24 Hour Volume of $2,782.00
EDRCoin Tops 24 Hour Volume of $2,782.00
WCOIN  Price Hits $0.0991 on Exchanges
WCOIN Price Hits $0.0991 on Exchanges


© 2006-2018 Ticker Report. Google+.