Brokerages Expect Oramed Pharmaceuticals, Inc. (ORMP) Will Post Earnings of -$0.24 Per Share

Brokerages expect Oramed Pharmaceuticals, Inc. (NASDAQ:ORMP) to report ($0.24) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Oramed Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.27). Oramed Pharmaceuticals posted earnings per share of ($0.20) during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The firm is expected to announce its next quarterly earnings report on Monday, April 22nd.

According to Zacks, analysts expect that Oramed Pharmaceuticals will report full year earnings of ($0.99) per share for the current fiscal year, with EPS estimates ranging from ($1.05) to ($0.92). For the next fiscal year, analysts forecast that the company will report earnings of ($0.99) per share, with EPS estimates ranging from ($1.00) to ($0.98). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Oramed Pharmaceuticals.

Separately, HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Oramed Pharmaceuticals in a report on Monday.

A hedge fund recently raised its stake in Oramed Pharmaceuticals stock. BlackRock Inc. boosted its holdings in shares of Oramed Pharmaceuticals, Inc. (NASDAQ:ORMP) by 137.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,343 shares of the biotechnology company’s stock after acquiring an additional 40,114 shares during the quarter. BlackRock Inc. owned 0.40% of Oramed Pharmaceuticals worth $208,000 as of its most recent SEC filing. 10.50% of the stock is owned by institutional investors and hedge funds.

Shares of Oramed Pharmaceuticals stock opened at $3.97 on Friday. The company has a market capitalization of $71.78 million, a PE ratio of -4.62 and a beta of 1.17. Oramed Pharmaceuticals has a one year low of $2.78 and a one year high of $8.59.

About Oramed Pharmaceuticals

Oramed Pharmaceuticals Inc engages in the research and development of pharmaceutical solutions for the use of orally ingestible capsules or pills for delivery of polypeptides. Its product portfolio includes ORMD-0801, an oral insulin capsule for the treatment of diabetes; and ORMD-0901, an oral glucagon-like peptide-1 analog capsule for the treatment of type 2 diabetes.

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Earnings History and Estimates for Oramed Pharmaceuticals (NASDAQ:ORMP)

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