Wall Street brokerages expect Valeritas Holdings, Inc. (NASDAQ:VLRX) to announce ($1.84) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Valeritas Holdings’ earnings. The lowest EPS estimate is ($1.90) and the highest is ($1.77). Valeritas Holdings posted earnings of ($5.60) per share during the same quarter last year, which indicates a positive year over year growth rate of 67.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that Valeritas Holdings will report full-year earnings of ($8.60) per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of ($5.30) per share, with EPS estimates ranging from ($6.85) to ($3.75). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Valeritas Holdings.
Valeritas Holdings (NASDAQ:VLRX) last announced its earnings results on Friday, August 11th. The company reported ($1.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.87) by $0.04. The company had revenue of $4.79 million during the quarter, compared to analysts’ expectations of $5.11 million.
Several research firms have weighed in on VLRX. ValuEngine downgraded Valeritas Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Wedbush began coverage on Valeritas Holdings in a research note on Monday, July 10th. They issued an “outperform” rating and a $12.00 price target for the company.
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Shares of Valeritas Holdings (NASDAQ VLRX) opened at 2.2604 on Friday. The company has a 50-day moving average of $3.16 and a 200-day moving average of $5.04. The stock’s market capitalization is $15.47 million. Valeritas Holdings has a 52 week low of $2.20 and a 52 week high of $48.00.
An institutional investor recently bought a new position in Valeritas Holdings stock. HighTower Advisors LLC acquired a new position in shares of Valeritas Holdings, Inc. (NASDAQ:VLRX) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,400 shares of the company’s stock, valued at approximately $195,000. HighTower Advisors LLC owned approximately 1.67% of Valeritas Holdings at the end of the most recent reporting period. 6.01% of the stock is owned by hedge funds and other institutional investors.
About Valeritas Holdings
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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