$7.98 Million in Sales Expected for Heron Therapeutics Inc (HRTX) This Quarter

Brokerages predict that Heron Therapeutics Inc (NASDAQ:HRTX) will post sales of $7.98 million for the current quarter, Zacks reports. Four analysts have provided estimates for Heron Therapeutics’ earnings, with the highest sales estimate coming in at $9.00 million and the lowest estimate coming in at $7.00 million. Heron Therapeutics posted sales of $1.28 million during the same quarter last year, which suggests a positive year over year growth rate of 523.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Heron Therapeutics will report full-year sales of $7.98 million for the current year, with estimates ranging from $27.00 million to $29.60 million. For the next year, analysts forecast that the firm will post sales of $60.65 million per share, with estimates ranging from $46.70 million to $83.90 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Heron Therapeutics.

Heron Therapeutics (NASDAQ:HRTX) last issued its quarterly earnings results on Monday, November 6th. The biotechnology company reported ($0.77) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.87) by $0.10. The firm had revenue of $8.57 million during the quarter, compared to analysts’ expectations of $8.12 million. Heron Therapeutics had a negative return on equity of 385.11% and a negative net margin of 831.89%.

Several analysts have issued reports on the company. Oppenheimer restated a “buy” rating and issued a $27.00 target price on shares of Heron Therapeutics in a report on Friday, November 10th. Northland Securities assumed coverage on Heron Therapeutics in a report on Wednesday, September 27th. They issued an “outperform” rating and a $40.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and issued a $31.00 target price on shares of Heron Therapeutics in a report on Thursday, November 2nd. Mizuho assumed coverage on Heron Therapeutics in a report on Tuesday, September 26th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Noble Financial restated a “buy” rating on shares of Heron Therapeutics in a report on Sunday, November 12th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Heron Therapeutics has an average rating of “Buy” and a consensus price target of $28.73.

Several institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its stake in shares of Heron Therapeutics by 2.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 33,910 shares of the biotechnology company’s stock valued at $470,000 after purchasing an additional 771 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Heron Therapeutics by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 170,555 shares of the biotechnology company’s stock valued at $2,363,000 after purchasing an additional 1,026 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Heron Therapeutics by 11.4% in the 2nd quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock valued at $231,000 after purchasing an additional 1,700 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of Heron Therapeutics by 10.2% in the 2nd quarter. Tudor Investment Corp ET AL now owns 18,618 shares of the biotechnology company’s stock valued at $258,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Heron Therapeutics by 26.6% in the 2nd quarter. Legal & General Group Plc now owns 11,354 shares of the biotechnology company’s stock valued at $157,000 after purchasing an additional 2,383 shares during the last quarter.

Shares of Heron Therapeutics (NASDAQ:HRTX) traded up $0.15 during trading hours on Monday, reaching $15.55. The company’s stock had a trading volume of 1,516,900 shares, compared to its average volume of 843,120. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 2.02. Heron Therapeutics has a 12 month low of $12.21 and a 12 month high of $18.40.

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Heron Therapeutics Company Profile

Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.

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Earnings History and Estimates for Heron Therapeutics (NASDAQ:HRTX)

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