Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) shares dropped 8.2% during mid-day trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $44.52 and last traded at $45.65. Approximately 962,315 shares changed hands during mid-day trading, an increase of 392% from the average daily volume of 195,485 shares. The stock had previously closed at $49.71.
The biotechnology company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.27). The firm had revenue of $75.93 million during the quarter, compared to the consensus estimate of $73.80 million. Enanta Pharmaceuticals had a negative net margin of 51.85% and a negative return on equity of 7.74%. The business’s revenue was up 491.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) earnings per share.
ENTA has been the subject of several recent research reports. Royal Bank Of Canada initiated coverage on Enanta Pharmaceuticals in a report on Thursday, September 14th. They issued an “outperform” rating for the company. JMP Securities boosted their target price on shares of Enanta Pharmaceuticals from $40.00 to $53.00 in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Enanta Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of Enanta Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Robert W. Baird boosted their target price on shares of Enanta Pharmaceuticals from $27.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.25.
TRADEMARK VIOLATION WARNING: “Enanta Pharmaceuticals, Inc. (ENTA) Stock Price Down 8.2% Following Weak Earnings” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2017/11/21/enanta-pharmaceuticals-inc-enta-stock-price-down-8-2-following-weak-earnings.html.
Enanta Pharmaceuticals Company Profile
Enanta Pharmaceuticals, Inc is a research and development-focused biotechnology company. The Company uses chemistry-driven approach and drug discovery solutions to create small molecule drugs for the treatment of viral infections and liver diseases. Its research and development programs are focused on three disease targets: non-alcoholic steatohepatitis (NASH)/ primary biliary cholangitis (PBC), respiratory syncytial virus (RSV) and hepatitis B virus (HBV).
Receive News & Ratings for Enanta Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enanta Pharmaceuticals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.