Concordia International Corp. (CXRX) Announces Earnings Results, Beats Estimates By $0.04 EPS

Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) issued its quarterly earnings results on Friday. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04, Morningstar.com reports. The firm had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $160.92 million. Concordia International Corp. had a negative return on equity of 83.96% and a negative net margin of 185.54%. Concordia International Corp.’s revenue was down 30.6% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS.

Shares of Concordia International Corp. (NASDAQ CXRX) opened at 1.28 on Friday. The firm’s 50-day moving average price is $1.47 and its 200-day moving average price is $1.66. The firm’s market capitalization is $65.39 million. Concordia International Corp. has a 12 month low of $1.09 and a 12 month high of $9.88.

A number of equities analysts recently weighed in on CXRX shares. Zacks Investment Research raised Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Seven research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and a consensus price target of $9.80.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its position in Concordia International Corp. by 1.0% in the first quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock worth $132,000 after buying an additional 782 shares during the last quarter. Virtu KCG Holdings LLC increased its position in Concordia International Corp. by 363.8% in the second quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock worth $123,000 after buying an additional 61,679 shares during the last quarter. FMR LLC purchased a new position in Concordia International Corp. during the first quarter worth about $108,000. Canada Pension Plan Investment Board purchased a new position in Concordia International Corp. during the second quarter worth about $124,000. Finally, JPMorgan Chase & Co. increased its position in Concordia International Corp. by 290.2% in the second quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock worth $223,000 after buying an additional 106,290 shares during the last quarter. Institutional investors and hedge funds own 13.68% of the company’s stock.

Concordia International Corp. Company Profile

Earnings History for Concordia International Corp. (NASDAQ:CXRX)

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