FY2019 Earnings Forecast for Nabriva Therapeutics PLC – Issued By Gabelli (NBRV)

Nabriva Therapeutics PLC – (NASDAQ:NBRV) – Research analysts at Gabelli dropped their FY2019 earnings per share (EPS) estimates for Nabriva Therapeutics in a report issued on Wednesday, March 27th, according to Zacks Investment Research. Gabelli analyst K. Kedra now anticipates that the biotechnology company will post earnings per share of ($1.20) for the year, down from their previous forecast of ($1.15). Gabelli currently has a “Sell” rating and a $2.56 target price on the stock. Gabelli also issued estimates for Nabriva Therapeutics’ FY2022 earnings at ($0.30) EPS and FY2023 earnings at $0.00 EPS.

Nabriva Therapeutics (NASDAQ:NBRV) last released its quarterly earnings results on Tuesday, March 12th. The biotechnology company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.06). Nabriva Therapeutics had a negative return on equity of 101.03% and a negative net margin of 1,188.69%. The company had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $0.61 million.

NBRV has been the topic of a number of other research reports. Zacks Investment Research raised Nabriva Therapeutics from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Tuesday, February 5th. Northland Securities reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Nabriva Therapeutics in a report on Tuesday, March 12th. BidaskClub raised Nabriva Therapeutics from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Nabriva Therapeutics in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $9.37.

Shares of NASDAQ NBRV traded up $0.06 during midday trading on Friday, reaching $2.72. 644,099 shares of the company were exchanged, compared to its average volume of 1,194,310. The company has a quick ratio of 6.11, a current ratio of 6.11 and a debt-to-equity ratio of 0.35. Nabriva Therapeutics has a 1 year low of $1.12 and a 1 year high of $6.05. The firm has a market cap of $1.90 billion, a P/E ratio of -1.67 and a beta of 2.31.

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Nabriva Therapeutics in the 4th quarter valued at approximately $29,000. HRT Financial LLC acquired a new stake in shares of Nabriva Therapeutics during the 4th quarter valued at approximately $31,000. Two Sigma Advisers LP acquired a new stake in shares of Nabriva Therapeutics during the 4th quarter valued at approximately $37,000. Paloma Partners Management Co acquired a new stake in shares of Nabriva Therapeutics during the 4th quarter valued at approximately $54,000. Finally, Wedbush Securities Inc. lifted its position in shares of Nabriva Therapeutics by 12.5% during the 4th quarter. Wedbush Securities Inc. now owns 103,550 shares of the biotechnology company’s stock valued at $151,000 after acquiring an additional 11,500 shares during the period. 4.62% of the stock is currently owned by institutional investors.

About Nabriva Therapeutics

Nabriva Therapeutics plc, a clinical stage biopharmaceutical company, engages in the research and development of anti-infective agents to treat infections in humans. The company focuses on the pleuromutilin class of antibiotics. Its lead product candidate is lefamulin, which is in Phase III clinical trials in intravenous and oral formulations for the treatment of community-acquired bacterial pneumonia; and has completed Phase II clinical trials for the treatment of acute bacterial skin and skin structure infection.

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Earnings History and Estimates for Nabriva Therapeutics (NASDAQ:NBRV)

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