Wall Street brokerages forecast that Ra Pharmaceuticals Inc (NASDAQ:RARX) will announce earnings of ($0.52) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Ra Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.54) and the highest estimate coming in at ($0.51). Ra Pharmaceuticals posted earnings per share of ($0.68) in the same quarter last year, which indicates a positive year-over-year growth rate of 23.5%. The business is expected to issue its next earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Ra Pharmaceuticals will report full year earnings of ($2.14) per share for the current year, with EPS estimates ranging from ($2.22) to ($2.07). For the next financial year, analysts expect that the company will report earnings of ($2.11) per share, with EPS estimates ranging from ($2.28) to ($1.95). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Ra Pharmaceuticals.
Ra Pharmaceuticals (NASDAQ:RARX) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.01.
Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its holdings in shares of Ra Pharmaceuticals by 817.8% in the first quarter. Cubist Systematic Strategies LLC now owns 19,999 shares of the company’s stock valued at $106,000 after buying an additional 17,820 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of Ra Pharmaceuticals during the second quarter worth about $120,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ra Pharmaceuticals during the first quarter worth about $128,000. Nisa Investment Advisors LLC acquired a new position in shares of Ra Pharmaceuticals during the second quarter worth about $157,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Ra Pharmaceuticals by 50.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 32,800 shares of the company’s stock worth $175,000 after acquiring an additional 11,000 shares during the period. 72.30% of the stock is owned by institutional investors and hedge funds.
Shares of RARX opened at $16.42 on Friday. Ra Pharmaceuticals has a 1-year low of $4.78 and a 1-year high of $19.43. The firm has a market capitalization of $585.03 million, a P/E ratio of -6.81 and a beta of 1.42.
About Ra Pharmaceuticals
Ra Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops therapeutics for the treatment of diseases caused by excessive or uncontrolled activation of the complement system in the United States. The company's peptide chemistry platform enables the production of synthetic macrocyclic peptides that combine the diversity and specificity of antibodies with the pharmacological properties of small molecules.
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