MannKind Corporation (NASDAQ:MNKD) Issues Quarterly Earnings Results

MannKind Corporation (NASDAQ:MNKD) issued its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.10, RTT News reports. The company had revenue of $2.16 million during the quarter, compared to analyst estimates of $2.75 million. MannKind Corporation had a net margin of 71.60% and a negative return on equity of 24.93%. During the same quarter last year, the firm earned $0.08 EPS.

Shares of MannKind Corporation (NASDAQ:MNKD) traded up 4.29% during midday trading on Friday, reaching $1.46. The company’s stock had a trading volume of 2,357,104 shares. MannKind Corporation has a 1-year low of $0.41 and a 1-year high of $2.38. The stock has a 50 day moving average of $1.27 and a 200-day moving average of $1.26. The company has a market capitalization of $152.84 million, a P/E ratio of 1.10 and a beta of 3.30.

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MNKD has been the topic of several recent research reports. Zacks Investment Research cut MannKind Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. S&P Equity Research dropped their price target on MannKind Corporation from $1.04 to $0.83 in a research report on Monday, May 8th. J P Morgan Chase & Co restated an “underweight” rating on shares of MannKind Corporation in a research report on Monday, May 22nd. ValuEngine cut MannKind Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $1.00 price target on MannKind Corporation and gave the company a “sell” rating in a research report on Thursday, May 11th.

About MannKind Corporation

MannKind Corporation is a biopharmaceutical company. The Company is focused on the discovery and development of therapeutic products for diseases, such as diabetes. Its product candidate is AFREZZA, which is an inhaled insulin used to control high blood sugar in adults with type I and type II diabetes and helps in glycemic control.

Earnings History for MannKind Corporation (NASDAQ:MNKD)

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