-$0.33 EPS Expected for Aldeyra Therapeutics Inc (ALDX) This Quarter

Analysts expect that Aldeyra Therapeutics Inc (NASDAQ:ALDX) will announce earnings of ($0.33) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Aldeyra Therapeutics’ earnings. The lowest EPS estimate is ($0.35) and the highest is ($0.31). Aldeyra Therapeutics reported earnings per share of ($0.51) during the same quarter last year, which indicates a positive year over year growth rate of 35.3%. The company is expected to report its next quarterly earnings results on Monday, May 8th.

According to Zacks, analysts expect that Aldeyra Therapeutics will report full-year earnings of ($1.63) per share for the current year, with EPS estimates ranging from ($2.22) to ($1.31). For the next fiscal year, analysts anticipate that the company will post earnings of ($1.81) per share, with EPS estimates ranging from ($2.60) to ($1.47). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aldeyra Therapeutics.

Aldeyra Therapeutics (NASDAQ:ALDX) last released its quarterly earnings data on Thursday, March 30th. The biotechnology company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.30.

A number of equities research analysts have issued reports on ALDX shares. Canaccord Genuity set a $15.00 target price on shares of Aldeyra Therapeutics and gave the company a “buy” rating in a report on Sunday, December 25th. Zacks Investment Research raised shares of Aldeyra Therapeutics from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Tuesday, January 3rd. Cowen and Company reissued a “buy” rating and set a $20.00 target price on shares of Aldeyra Therapeutics in a report on Friday, March 31st. Finally, HC Wainwright set a $18.00 target price on shares of Aldeyra Therapeutics and gave the company a “buy” rating in a report on Saturday, April 1st. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $14.30.

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Aldeyra Therapeutics (NASDAQ:ALDX) traded down 16.35% during mid-day trading on Monday, reaching $4.35. The company’s stock had a trading volume of 1,832,901 shares. The firm has a 50 day moving average price of $5.05 and a 200 day moving average price of $5.46. Aldeyra Therapeutics has a 52-week low of $4.10 and a 52-week high of $8.19. The company’s market cap is $27.17 million.

In other Aldeyra Therapeutics news, major shareholder Perceptive Advisors Llc bought 893,025 shares of the stock in a transaction on Tuesday, February 14th. The shares were acquired at an average price of $4.50 per share, with a total value of $4,018,612.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Todd C. Brady bought 22,223 shares of the stock in a transaction on Friday, February 17th. The shares were acquired at an average cost of $4.50 per share, for a total transaction of $100,003.50. Following the acquisition, the insider now directly owns 64,408 shares in the company, valued at $289,836. The disclosure for this purchase can be found here. Insiders have acquired a total of 923,025 shares of company stock worth $4,153,613 in the last three months. Insiders own 28.40% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Baker BROS. Advisors LP acquired a new stake in shares of Aldeyra Therapeutics during the third quarter worth about $1,110,000. Knoll Capital Management LP acquired a new stake in shares of Aldeyra Therapeutics during the third quarter worth about $1,038,000. Finally, Perceptive Advisors LLC acquired a new stake in shares of Aldeyra Therapeutics during the fourth quarter worth about $10,381,000. 48.60% of the stock is currently owned by institutional investors and hedge funds.

About Aldeyra Therapeutics

Aldeyra Therapeutics, Inc, formerly Aldexa Therapeutics, Inc, is a biotechnology company. The Company’s principal activities include raising capital and research and development activities. The Company’s segment is the identification and development of a treatment for diseases related to high levels of aldehydes.

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