Equities research analysts forecast that Strongbridge Biopharma PLC (NASDAQ:SBBP) will post $1.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Strongbridge Biopharma PLC’s earnings, with estimates ranging from $1.11 million to $2.96 million. The business is scheduled to issue its next earnings results on Friday, December 22nd.
According to Zacks, analysts expect that Strongbridge Biopharma PLC will report full year sales of $1.76 million for the current year, with estimates ranging from $3.18 million to $8.11 million. For the next year, analysts forecast that the company will post sales of $14.29 million per share, with estimates ranging from $9.39 million to $21.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Strongbridge Biopharma PLC.
Strongbridge Biopharma PLC (NASDAQ:SBBP) last posted its earnings results on Monday, August 7th. The biotechnology company reported ($0.34) EPS for the quarter, hitting the consensus estimate of ($0.34). The company had revenue of $1.53 million for the quarter, compared to analyst estimates of $0.84 million.
Several analysts have commented on SBBP shares. Zacks Investment Research downgraded Strongbridge Biopharma PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. HC Wainwright reaffirmed a “buy” rating on shares of Strongbridge Biopharma PLC in a research note on Wednesday, May 17th. ValuEngine raised Strongbridge Biopharma PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Oppenheimer Holdings, Inc. started coverage on Strongbridge Biopharma PLC in a research note on Thursday. They set an “outperform” rating and a $12.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.94.
A number of institutional investors have recently added to or reduced their stakes in SBBP. Broadfin Capital LLC boosted its position in Strongbridge Biopharma PLC by 3.0% in the first quarter. Broadfin Capital LLC now owns 2,981,706 shares of the biotechnology company’s stock valued at $14,163,000 after buying an additional 87,125 shares during the last quarter. Vanguard Group Inc. acquired a new position in Strongbridge Biopharma PLC during the second quarter valued at about $474,000. Northern Trust Corp acquired a new position in Strongbridge Biopharma PLC during the second quarter valued at about $1,462,000. Citigroup Inc. acquired a new position in Strongbridge Biopharma PLC during the second quarter valued at about $338,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Strongbridge Biopharma PLC during the second quarter valued at about $449,000.
Strongbridge Biopharma PLC (SBBP) traded up 6.82% during mid-day trading on Friday, reaching $7.05. The company had a trading volume of 35,393 shares. The company’s market capitalization is $249.11 million. Strongbridge Biopharma PLC has a 12 month low of $2.00 and a 12 month high of $8.85. The firm’s 50 day moving average price is $6.86 and its 200-day moving average price is $4.63.
About Strongbridge Biopharma PLC
Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.
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