Opiant Pharmaceuticals Inc (NASDAQ:OPNT) – Equities research analysts at Zacks Investment Research dropped their FY2018 earnings estimates for Opiant Pharmaceuticals in a report issued on Tuesday. Zacks Investment Research analyst D. Bautz now anticipates that the technology company will post earnings of ($6.63) per share for the year, down from their previous estimate of ($5.12).
Other analysts also recently issued research reports about the stock. TheStreet raised shares of Opiant Pharmaceuticals from a “c+” rating to a “b” rating in a report on Monday, October 16th. ValuEngine downgraded shares of Opiant Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd.
Opiant Pharmaceuticals (NASDAQ:OPNT) last released its quarterly earnings data on Monday, December 4th. The technology company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.19) by ($1.58). The firm had revenue of $0.02 million for the quarter. Opiant Pharmaceuticals had a net margin of 8.93% and a return on equity of 42.44%.
In other news, major shareholder Geoffrey Wolf sold 34,938 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $22.67, for a total transaction of $792,044.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 63.82% of the company’s stock.
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About Opiant Pharmaceuticals
Opiant Pharmaceuticals, Inc, formerly Lightlake Therapeutics, Inc, is a specialty pharmaceutical company. The Company develops pharmacological treatments for substance use, addictive and eating disorders. The Company has developed NARCAN (naloxone hydrochloride) Nasal Spray, a treatment to reverse opioid overdoses, which was conceived, licensed, developed and approved by the United States Food and Drug Administration (FDA).
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