Esperion Therapeutics, Inc. (NASDAQ:ESPR) Expected to Post Earnings of -$0.95 Per Share

Equities analysts expect that Esperion Therapeutics, Inc. (NASDAQ:ESPRGet Rating) will report earnings of ($0.94) per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Esperion Therapeutics’ earnings, with the lowest EPS estimate coming in at ($0.98) and the highest estimate coming in at ($0.88). Esperion Therapeutics reported earnings per share of ($1.67) during the same quarter last year, which would indicate a positive year-over-year growth rate of 43.7%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Esperion Therapeutics will report full year earnings of ($3.70) per share for the current financial year, with EPS estimates ranging from ($3.94) to ($3.36). For the next fiscal year, analysts anticipate that the company will report earnings of ($2.07) per share, with EPS estimates ranging from ($3.10) to $0.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Esperion Therapeutics.

Esperion Therapeutics (NASDAQ:ESPRGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The biopharmaceutical company reported ($0.93) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.11. The firm had revenue of $18.84 million during the quarter, compared to analyst estimates of $15.41 million. The firm’s revenue for the quarter was up 136.1% on a year-over-year basis. During the same period in the prior year, the company posted ($3.50) earnings per share.

A number of equities analysts recently commented on ESPR shares. Northland Securities reduced their price objective on Esperion Therapeutics from $10.00 to $5.00 in a research report on Wednesday, January 12th. Credit Suisse Group cut their target price on Esperion Therapeutics from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, January 14th. HC Wainwright initiated coverage on Esperion Therapeutics in a research note on Thursday, March 10th. They issued a “buy” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. raised Esperion Therapeutics from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research note on Wednesday. Finally, StockNews.com began coverage on Esperion Therapeutics in a research note on Thursday, March 31st. They set a “sell” rating for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Deep Track Capital LP bought a new stake in Esperion Therapeutics in the fourth quarter valued at about $28,208,000. Deerfield Management Company L.P. Series C bought a new position in shares of Esperion Therapeutics in the fourth quarter valued at $25,000,000. Wasatch Advisors Inc. raised its stake in Esperion Therapeutics by 95.0% during the 4th quarter. Wasatch Advisors Inc. now owns 6,386,263 shares of the biopharmaceutical company’s stock valued at $31,931,000 after purchasing an additional 3,111,903 shares during the period. Altium Capital Management LP acquired a new stake in Esperion Therapeutics during the 4th quarter valued at $12,579,000. Finally, Meditor Group Ltd raised its stake in Esperion Therapeutics by 58.5% during the 4th quarter. Meditor Group Ltd now owns 4,468,835 shares of the biopharmaceutical company’s stock valued at $22,344,000 after purchasing an additional 1,650,000 shares during the period.

ESPR stock traded down $0.61 during mid-day trading on Friday, reaching $5.51. 2,033,702 shares of the company’s stock were exchanged, compared to its average volume of 1,308,733. The company has a market cap of $347.19 million, a price-to-earnings ratio of -0.79 and a beta of 0.43. The stock’s 50 day moving average is $5.15 and its 200 day moving average is $5.63. Esperion Therapeutics has a 12-month low of $3.28 and a 12-month high of $26.77.

Esperion Therapeutics Company Profile (Get Rating)

Esperion Therapeutics, Inc, a pharmaceutical company, develops and commercializes medicines for the treatment of patients with elevated low density lipoprotein cholesterol. Its lead product candidates are NEXLETOL (bempedoic acid) and NEXLIZET (bempedoic acid and ezetimibe) tablets for the treatment of patients with atherosclerotic cardiovascular disease or heterozygous familial hypercholesterolemia.

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Earnings History and Estimates for Esperion Therapeutics (NASDAQ:ESPR)

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