Analysts Expect ArQule, Inc. (ARQL) to Announce -$0.09 Earnings Per Share

Equities analysts predict that ArQule, Inc. (NASDAQ:ARQL) will announce earnings of ($0.09) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for ArQule’s earnings. ArQule reported earnings of ($0.10) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The business is scheduled to issue its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that ArQule will report full year earnings of ($0.39) per share for the current year. For the next year, analysts expect that the firm will report earnings of ($0.35) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover ArQule.

ArQule (NASDAQ:ARQL) last issued its earnings results on Thursday, November 9th. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. During the same period in the previous year, the firm earned ($0.08) earnings per share.

Several equities analysts have recently commented on ARQL shares. Zacks Investment Research lowered ArQule from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine lowered ArQule from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.

Shares of ArQule (NASDAQ ARQL) traded down $0.01 during trading hours on Wednesday, reaching $1.29. The company’s stock had a trading volume of 699,400 shares, compared to its average volume of 192,458. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.45 and a quick ratio of 3.45. ArQule has a 12 month low of $0.92 and a 12 month high of $1.68.

Institutional investors have recently made changes to their positions in the company. Curbstone Financial Management Corp lifted its stake in shares of ArQule by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 104,572 shares of the biotechnology company’s stock valued at $116,000 after purchasing an additional 52,286 shares during the last quarter. Northern Trust Corp lifted its stake in ArQule by 0.9% during the 2nd quarter. Northern Trust Corp now owns 154,513 shares of the biotechnology company’s stock worth $192,000 after acquiring an additional 1,385 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in ArQule during the 3rd quarter worth about $2,220,000. Finally, First Eagle Investment Management LLC lifted its stake in ArQule by 5.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 12,438,996 shares of the biotechnology company’s stock worth $13,807,000 after acquiring an additional 591,421 shares in the last quarter. 61.83% of the stock is currently owned by institutional investors and hedge funds.

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ArQule Company Profile

ArQule, Inc is a biopharmaceutical company. The Company is engaged in the research and development of therapeutics to treat cancers and rare diseases. These drugs focuses on the biological pathways implicated in a range of cancers and certain non-oncology indications. Its clinical-stage pipeline consists of over four drug candidates, all of which are in targeted patient populations.

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