Analysts Expect Ritter Pharmaceuticals Inc (NASDAQ:RTTR) Will Post Earnings of -$0.37 Per Share

Brokerages predict that Ritter Pharmaceuticals Inc (NASDAQ:RTTR) will post earnings of ($0.37) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Ritter Pharmaceuticals’ earnings. Ritter Pharmaceuticals posted earnings of ($0.83) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 55.4%. The business is expected to issue its next quarterly earnings report on Friday, November 8th.

According to Zacks, analysts expect that Ritter Pharmaceuticals will report full-year earnings of ($1.30) per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of ($0.55) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Ritter Pharmaceuticals.

Ritter Pharmaceuticals (NASDAQ:RTTR) last announced its quarterly earnings results on Wednesday, August 14th. The biotechnology company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.18.

A number of research analysts have recently issued reports on RTTR shares. Zacks Investment Research downgraded Ritter Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. ValuEngine raised Ritter Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

A hedge fund recently bought a new stake in Ritter Pharmaceuticals stock. Virtu Financial LLC bought a new stake in Ritter Pharmaceuticals Inc (NASDAQ:RTTR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,426 shares of the biotechnology company’s stock, valued at approximately $46,000. Virtu Financial LLC owned 0.91% of Ritter Pharmaceuticals as of its most recent filing with the Securities & Exchange Commission. 6.09% of the stock is owned by institutional investors.

Shares of NASDAQ:RTTR traded up $0.02 during midday trading on Friday, reaching $0.92. 59,663 shares of the company’s stock traded hands, compared to its average volume of 407,384. The company has a market cap of $8.65 million, a price-to-earnings ratio of -0.25 and a beta of 1.27. Ritter Pharmaceuticals has a one year low of $0.47 and a one year high of $2.56. The stock has a 50 day moving average of $1.00 and a 200 day moving average of $0.87.

About Ritter Pharmaceuticals

Ritter Pharmaceuticals, Inc develops and sells novel therapeutic products that modulate the human gut microbiome to treat gastrointestinal diseases. Its lead product candidate is RP-G28, a novel microbiome modulator, which has completed Phase 2b clinical trial for the reduction of symptoms associated with lactose intolerance.

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