Heron Therapeutics (HRTX) Set to Announce Earnings on Monday

Heron Therapeutics (NASDAQ:HRTXGet Rating) is set to post its quarterly earnings results after the market closes on Monday, May 9th. Analysts expect Heron Therapeutics to post earnings of ($0.45) per share for the quarter.

Heron Therapeutics (NASDAQ:HRTXGet Rating) last posted its quarterly earnings data on Monday, February 28th. The biotechnology company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.05. Heron Therapeutics had a negative return on equity of 159.70% and a negative net margin of 255.58%. The firm had revenue of $20.66 million for the quarter, compared to the consensus estimate of $25.77 million. During the same quarter last year, the company earned ($0.68) earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect Heron Therapeutics to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ HRTX traded down $0.20 during trading on Wednesday, hitting $4.55. The company had a trading volume of 21,421 shares, compared to its average volume of 1,751,093. The stock has a 50 day simple moving average of $5.56 and a 200 day simple moving average of $8.11. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.90 and a current ratio of 3.58. Heron Therapeutics has a 12 month low of $4.40 and a 12 month high of $18.80. The firm has a market capitalization of $464.74 million, a P/E ratio of -2.04 and a beta of 1.37.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Zullo Investment Group Inc. bought a new stake in Heron Therapeutics in the 4th quarter worth approximately $30,000. LPL Financial LLC increased its stake in Heron Therapeutics by 8.7% in the 4th quarter. LPL Financial LLC now owns 16,250 shares of the biotechnology company’s stock worth $148,000 after acquiring an additional 1,307 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Heron Therapeutics by 387.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,784 shares of the biotechnology company’s stock worth $179,000 after acquiring an additional 13,339 shares during the last quarter. Virtu Financial LLC bought a new stake in Heron Therapeutics in the 4th quarter worth approximately $167,000. Finally, Royal Bank of Canada increased its stake in Heron Therapeutics by 19.2% in the 3rd quarter. Royal Bank of Canada now owns 27,117 shares of the biotechnology company’s stock worth $290,000 after acquiring an additional 4,370 shares during the last quarter.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Heron Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, February 9th. Cantor Fitzgerald decreased their target price on Heron Therapeutics from $26.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 1st. Cowen decreased their target price on Heron Therapeutics from $31.00 to $13.00 in a research note on Tuesday, March 1st. Needham & Company LLC decreased their target price on Heron Therapeutics from $24.00 to $16.00 in a research note on Tuesday, March 1st. Finally, StockNews.com initiated coverage on Heron Therapeutics in a research note on Thursday, March 31st. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Heron Therapeutics presently has a consensus rating of “Hold” and an average target price of $18.46.

About Heron Therapeutics (Get Rating)

Heron Therapeutics, Inc, a biotechnology company, engages in developing treatments to address unmet patient needs. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration.

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Earnings History for Heron Therapeutics (NASDAQ:HRTX)

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