Brokerages Expect Tricida Inc (TCDA) to Post -$0.89 Earnings Per Share

Wall Street brokerages expect that Tricida Inc (NASDAQ:TCDA) will report ($0.89) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Tricida’s earnings, with the lowest EPS estimate coming in at ($0.91) and the highest estimate coming in at ($0.87). The business is scheduled to announce its next earnings results on Thursday, February 14th.

On average, analysts expect that Tricida will report full-year earnings of ($2.92) per share for the current financial year, with EPS estimates ranging from ($2.94) to ($2.90). For the next financial year, analysts anticipate that the business will post earnings of ($3.45) per share, with EPS estimates ranging from ($3.50) to ($3.39). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Tricida.

A number of research analysts recently weighed in on TCDA shares. Zacks Investment Research raised shares of Tricida from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, January 10th. Cowen reaffirmed a “buy” rating on shares of Tricida in a research note on Friday, November 9th.

In related news, Director Klaus R. Dr Veitinger sold 9,814 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $24.97, for a total value of $245,055.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Claire Lockey sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $25.06, for a total transaction of $250,600.00. The disclosure for this sale can be found here. Insiders sold a total of 29,135 shares of company stock worth $692,300 over the last ninety days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCDA. Vanguard Group Inc purchased a new position in Tricida in the 3rd quarter worth approximately $33,317,000. Vanguard Group Inc. purchased a new position in Tricida in the 3rd quarter worth approximately $33,317,000. BlackRock Inc. lifted its stake in Tricida by 216.4% in the 3rd quarter. BlackRock Inc. now owns 1,005,103 shares of the company’s stock worth $30,707,000 after purchasing an additional 687,414 shares in the last quarter. VHCP Management III LLC purchased a new position in Tricida in the 3rd quarter worth approximately $19,875,000. Finally, Millennium Management LLC purchased a new position in Tricida in the 2nd quarter worth approximately $8,766,000. 68.44% of the stock is currently owned by institutional investors and hedge funds.

Tricida stock traded up $0.38 during midday trading on Wednesday, reaching $22.56. The company had a trading volume of 49,800 shares, compared to its average volume of 155,223. Tricida has a 12-month low of $19.43 and a 12-month high of $40.10. The company has a quick ratio of 12.68, a current ratio of 12.68 and a debt-to-equity ratio of 0.11.

About Tricida

Tricida, Inc operates as a pharmaceutical company. It focuses on the development and commercialization of TRC101, a non-absorbed orally-administered polymer drug that has completed Phase III clinical trials to treat metabolic acidosis in patients with chronic kidney disease. The company was founded in 2013 and is headquartered in South San Francisco, California.

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