scPharmaceuticals Inc. (NASDAQ:SCPH) Expected to Announce Earnings of -$0.33 Per Share

Wall Street brokerages expect that scPharmaceuticals Inc. (NASDAQ:SCPHGet Rating) will report earnings per share (EPS) of ($0.33) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for scPharmaceuticals’ earnings. The lowest EPS estimate is ($0.36) and the highest is ($0.29). scPharmaceuticals reported earnings per share of ($0.26) during the same quarter last year, which suggests a negative year over year growth rate of 26.9%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that scPharmaceuticals will report full-year earnings of ($1.51) per share for the current year, with EPS estimates ranging from ($1.62) to ($1.37). For the next year, analysts anticipate that the business will post earnings of ($1.15) per share, with EPS estimates ranging from ($1.50) to ($0.73). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for scPharmaceuticals.

scPharmaceuticals (NASDAQ:SCPHGet Rating) last announced its quarterly earnings results on Monday, May 16th. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08.

A number of analysts have recently weighed in on SCPH shares. SVB Leerink upped their price target on shares of scPharmaceuticals to $6.00 and gave the stock a “market perform” rating in a research note on Tuesday. HC Wainwright reiterated a “buy” rating and issued a $15.00 price objective on shares of scPharmaceuticals in a research note on Tuesday, April 12th.

SCPH opened at $5.02 on Wednesday. The company has a 50-day moving average of $5.23 and a 200-day moving average of $4.99. The company has a market capitalization of $137.40 million, a P/E ratio of -4.78 and a beta of 0.43. scPharmaceuticals has a 1-year low of $3.48 and a 1-year high of $7.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.27 and a current ratio of 4.81.

In other news, major shareholder 5Am Partners Iv, Llc sold 270,000 shares of the stock in a transaction on Monday, April 11th. The shares were sold at an average price of $5.00, for a total transaction of $1,350,000.00. Following the transaction, the insider now owns 120,966 shares in the company, valued at approximately $604,830. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.08% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its stake in shares of scPharmaceuticals by 980.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,857 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of scPharmaceuticals during the 4th quarter worth $53,000. Envestnet Asset Management Inc. boosted its holdings in shares of scPharmaceuticals by 20.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,882 shares of the company’s stock worth $65,000 after buying an additional 2,186 shares during the period. IPG Investment Advisors LLC bought a new stake in shares of scPharmaceuticals during the 4th quarter worth $72,000. Finally, Thomasville National Bank bought a new stake in shares of scPharmaceuticals during the 4th quarter worth $75,000. Institutional investors own 72.84% of the company’s stock.

About scPharmaceuticals (Get Rating)

scPharmaceuticals Inc, a pharmaceutical company, engages in the development and commercialization of various pharmaceutical products. The company's lead product candidate is FUROSCIX that consists of formulation of furosemide, which is delivered through an on-body infusor for treatment of congestion in patients with heart failure.

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