Equities analysts expect Lipocine Inc. (NASDAQ:LPCN) to post earnings per share (EPS) of ($0.30) for the current quarter, Zacks reports. Zero analysts have made estimates for Lipocine’s earnings. Lipocine posted earnings per share of ($0.16) in the same quarter last year, which would indicate a negative year over year growth rate of 87.5%. The firm is scheduled to announce its next earnings report on Monday, March 5th.
On average, analysts expect that Lipocine will report full-year earnings of ($1.06) per share for the current year, with EPS estimates ranging from ($1.11) to ($1.01). For the next fiscal year, analysts forecast that the company will report earnings of ($0.36) per share, with EPS estimates ranging from ($0.97) to $0.25. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Lipocine.
A number of research analysts recently commented on the company. Canaccord Genuity set a $11.00 target price on Lipocine and gave the company a “buy” rating in a research note on Monday, August 7th. ValuEngine lowered Lipocine from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Roth Capital set a $38.00 target price on Lipocine and gave the company a “buy” rating in a research note on Thursday, August 10th.
Shares of Lipocine (LPCN) traded down $0.01 during mid-day trading on Thursday, hitting $3.56. The stock had a trading volume of 132,236 shares, compared to its average volume of 134,160. Lipocine has a one year low of $3.25 and a one year high of $5.33.
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Lipocine Inc is a specialty pharmaceutical company. The Company is focused on applying its oral drug delivery technology for the development of pharmaceutical products in the area of men’s and women’s health. Its primary development programs are based on oral delivery solutions for bioavailable drugs.
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