Ritter Pharmaceuticals Inc (NASDAQ:RTTR) Expected to Announce Earnings of -$0.37 Per Share

Wall Street analysts expect Ritter Pharmaceuticals Inc (NASDAQ:RTTR) to report earnings of ($0.37) per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Ritter Pharmaceuticals’ earnings. Ritter Pharmaceuticals reported earnings of ($0.83) per share in the same quarter last year, which suggests a positive year over year growth rate of 55.4%. The business is expected to issue its next quarterly earnings report on Friday, November 8th.

According to Zacks, analysts expect that Ritter Pharmaceuticals will report full-year earnings of ($1.30) per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of ($0.55) per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ritter Pharmaceuticals.

Ritter Pharmaceuticals (NASDAQ:RTTR) last released its earnings results on Wednesday, August 14th. The biotechnology company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.18.

RTTR has been the subject of a number of research reports. ValuEngine raised Ritter Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Ritter Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Ritter Pharmaceuticals stock traded up $0.02 during midday trading on Friday, reaching $0.92. 59,663 shares of the stock traded hands, compared to its average volume of 407,384. The stock’s fifty day moving average is $1.00 and its 200-day moving average is $0.87. Ritter Pharmaceuticals has a 12 month low of $0.47 and a 12 month high of $2.56. The stock has a market cap of $8.65 million, a P/E ratio of -0.25 and a beta of 1.27.

An institutional investor recently bought a new position in Ritter Pharmaceuticals stock. Virtu Financial LLC acquired a new stake in Ritter Pharmaceuticals Inc (NASDAQ:RTTR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 52,426 shares of the biotechnology company’s stock, valued at approximately $46,000. Virtu Financial LLC owned about 0.91% of Ritter Pharmaceuticals at the end of the most recent reporting period. 6.09% of the stock is currently owned by hedge funds and other institutional investors.

Ritter Pharmaceuticals Company Profile

Ritter Pharmaceuticals, Inc develops and sells novel therapeutic products that modulate the human gut microbiome to treat gastrointestinal diseases. Its lead product candidate is RP-G28, a novel microbiome modulator, which has completed Phase 2b clinical trial for the reduction of symptoms associated with lactose intolerance.

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