-$0.69 EPS Expected for Collegium Pharmaceutical (COLL) This Quarter

Equities analysts expect Collegium Pharmaceutical (NASDAQ:COLL) to announce earnings of ($0.69) per share for the current quarter, Zacks reports. Four analysts have provided estimates for Collegium Pharmaceutical’s earnings. The highest EPS estimate is ($0.23) and the lowest is ($1.01). Collegium Pharmaceutical posted earnings of ($0.79) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that Collegium Pharmaceutical will report full-year earnings of ($0.76) per share for the current fiscal year, with EPS estimates ranging from ($1.39) to ($0.40). For the next fiscal year, analysts forecast that the business will report earnings of $1.00 per share, with EPS estimates ranging from ($0.16) to $1.98. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Collegium Pharmaceutical.

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Collegium Pharmaceutical (NASDAQ:COLL) last announced its quarterly earnings results on Wednesday, March 7th. The specialty pharmaceutical company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.02. The business had revenue of $10.79 million for the quarter, compared to analyst estimates of $9.88 million. Collegium Pharmaceutical had a negative net margin of 262.91% and a negative return on equity of 73.00%. The company’s revenue for the quarter was up 728.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. ValuEngine raised shares of Collegium Pharmaceutical from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. William Blair reaffirmed an “outperform” rating on shares of Collegium Pharmaceutical in a research note on Thursday, March 8th. Piper Jaffray set a $33.00 target price on shares of Collegium Pharmaceutical and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Needham & Company LLC lifted their target price on shares of Collegium Pharmaceutical from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.17.

Shares of COLL traded down $0.02 during trading hours on Monday, reaching $21.79. 564,862 shares of the company traded hands, compared to its average volume of 610,344. The firm has a market capitalization of $719.60, a price-to-earnings ratio of -8.82 and a beta of 0.76. Collegium Pharmaceutical has a 12 month low of $7.37 and a 12 month high of $29.90.

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

A number of hedge funds and other institutional investors have recently modified their holdings of COLL. Benjamin F. Edwards & Company Inc. lifted its position in Collegium Pharmaceutical by 87.5% during 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 acquiring an additional 3,500 shares during the period. Acadian Asset Management LLC purchased a new position in Collegium Pharmaceutical in the fourth quarter worth about $176,000. JPMorgan Chase & Co. purchased a new position in Collegium Pharmaceutical in the third quarter worth about $192,000. Monarch Partners Asset Management LLC purchased a new position in Collegium Pharmaceutical in the fourth quarter worth about $264,000. Finally, Manchester Capital Management LLC purchased a new position in Collegium Pharmaceutical in the fourth quarter worth about $348,000. 86.39% of the stock is owned by institutional investors.

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About Collegium Pharmaceutical

Collegium Pharmaceutical, Inc, a specialty pharmaceutical company, develops and commercializes various products for patients suffering from pain. It provides DETERx platform technology that is designed to maintain the extended-release and safety profiles of highly abused drugs in the face of various methods of abuse and tampering, including chewing, crushing, and/or dissolving.

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

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