Equities analysts forecast that ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) will post ($0.46) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for ACADIA Pharmaceuticals’ earnings, with estimates ranging from ($0.60) to ($0.40). ACADIA Pharmaceuticals posted earnings of ($0.51) per share during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that ACADIA Pharmaceuticals will report full year earnings of ($1.90) per share for the current fiscal year, with EPS estimates ranging from ($1.96) to ($1.83). For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.12) per share, with EPS estimates ranging from ($1.94) to ($0.04). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover ACADIA Pharmaceuticals.
ACADIA Pharmaceuticals (NASDAQ:ACAD) last released its earnings results on Wednesday, May 1st. The biopharmaceutical company reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.05). The firm had revenue of $62.90 million during the quarter, compared to analyst estimates of $60.93 million. ACADIA Pharmaceuticals had a negative net margin of 116.10% and a negative return on equity of 79.74%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the business posted ($0.44) earnings per share.
Several large investors have recently bought and sold shares of the company. Teachers Advisors LLC lifted its stake in ACADIA Pharmaceuticals by 3.0% during the 3rd quarter. Teachers Advisors LLC now owns 250,406 shares of the biopharmaceutical company’s stock valued at $5,198,000 after acquiring an additional 7,358 shares during the period. Bank of Montreal Can lifted its stake in ACADIA Pharmaceuticals by 1,002.4% during the 4th quarter. Bank of Montreal Can now owns 13,603 shares of the biopharmaceutical company’s stock valued at $220,000 after acquiring an additional 12,369 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ACADIA Pharmaceuticals by 39.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,935 shares of the biopharmaceutical company’s stock valued at $128,000 after acquiring an additional 2,242 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in ACADIA Pharmaceuticals during the 4th quarter valued at approximately $96,000. Finally, Xact Kapitalforvaltning AB lifted its stake in ACADIA Pharmaceuticals by 24.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 19,932 shares of the biopharmaceutical company’s stock valued at $322,000 after acquiring an additional 3,900 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.
Shares of NASDAQ ACAD traded down $1.37 during midday trading on Friday, hitting $24.26. The stock had a trading volume of 947,958 shares, compared to its average volume of 807,405. The stock has a market capitalization of $3.50 billion, a P/E ratio of -12.51 and a beta of 2.95. ACADIA Pharmaceuticals has a fifty-two week low of $12.77 and a fifty-two week high of $28.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.29 and a current ratio of 6.35.
ACADIA Pharmaceuticals Company Profile
ACADIA Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders. The company offers NUPLAZID (pimavanserin) for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis.
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