Antares Pharma Inc (ATRS) Expected to Announce Quarterly Sales of $14.80 Million

Brokerages expect that Antares Pharma Inc (NASDAQ:ATRS) will announce $14.80 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Antares Pharma’s earnings. The highest sales estimate is $17.30 million and the lowest is $12.11 million. Antares Pharma posted sales of $14.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is scheduled to report its next earnings report on Tuesday, March 13th.

On average, analysts expect that Antares Pharma will report full-year sales of $14.80 million for the current fiscal year, with estimates ranging from $52.58 million to $58.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $77.33 million per share, with estimates ranging from $64.00 million to $101.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Antares Pharma.

Antares Pharma (NASDAQ:ATRS) last announced its quarterly earnings data on Tuesday, November 7th. The specialty pharmaceutical company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Antares Pharma had a negative return on equity of 43.05% and a negative net margin of 32.06%. The business had revenue of $15.10 million during the quarter, compared to analysts’ expectations of $14.01 million. Antares Pharma’s revenue for the quarter was up 11.9% on a year-over-year basis.

A number of research analysts have issued reports on ATRS shares. HC Wainwright reissued a “buy” rating and issued a $3.50 target price on shares of Antares Pharma in a research note on Wednesday, November 8th. Piper Jaffray Companies set a $3.00 target price on Antares Pharma and gave the company a “buy” rating in a research note on Monday, October 23rd. BidaskClub raised Antares Pharma from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, ValuEngine cut Antares Pharma from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $3.84.

Antares Pharma (ATRS) traded up $0.10 during trading hours on Tuesday, reaching $2.06. The company’s stock had a trading volume of 1,550,772 shares, compared to its average volume of 987,031. Antares Pharma has a 1 year low of $1.58 and a 1 year high of $4.09. The company has a current ratio of 3.34, a quick ratio of 2.89 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $322.20, a PE ratio of -18.73 and a beta of 0.30.

Large investors have recently bought and sold shares of the business. Capital Advantage Inc. acquired a new position in Antares Pharma in the third quarter valued at about $110,000. Alliancebernstein L.P. acquired a new position in Antares Pharma in the second quarter valued at about $119,000. Legal & General Group Plc acquired a new position in Antares Pharma in the second quarter valued at about $120,000. First Eagle Investment Management LLC grew its stake in Antares Pharma by 150.0% in the third quarter. First Eagle Investment Management LLC now owns 50,000 shares of the specialty pharmaceutical company’s stock valued at $162,000 after acquiring an additional 30,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Antares Pharma in the second quarter valued at about $174,000. 34.88% of the stock is owned by hedge funds and other institutional investors.

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Antares Pharma Company Profile

Antares Pharma, Inc (Antares) is a specialty pharmaceutical company that focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies. The Company develops and manufactures pressure-assisted injector devices, with and without needles, which allow patients to self-inject drugs.

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Earnings History and Estimates for Antares Pharma (NASDAQ:ATRS)

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