Zacks: Brokerages Anticipate Recro Pharma Inc (NASDAQ:REPH) Will Announce Quarterly Sales of $19.83 Million

Analysts expect Recro Pharma Inc (NASDAQ:REPH) to announce sales of $19.83 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Recro Pharma’s earnings, with the lowest sales estimate coming in at $18.70 million and the highest estimate coming in at $21.88 million. Recro Pharma reported sales of $18.28 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The business is expected to report its next earnings report on Wednesday, November 6th.

On average, analysts expect that Recro Pharma will report full year sales of $93.82 million for the current financial year, with estimates ranging from $92.50 million to $95.75 million. For the next year, analysts expect that the company will report sales of $102.14 million, with estimates ranging from $96.60 million to $105.32 million. Zacks’ sales averages are an average based on a survey of analysts that follow Recro Pharma.

Recro Pharma (NASDAQ:REPH) last released its earnings results on Thursday, August 8th. The specialty pharmaceutical company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.29. The company had revenue of $31.26 million during the quarter, compared to analysts’ expectations of $24.06 million.

Several equities analysts have recently commented on REPH shares. Oppenheimer set a $20.00 target price on shares of Recro Pharma and gave the stock a “buy” rating in a report on Friday, August 9th. Zacks Investment Research cut shares of Recro Pharma from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Stephens began coverage on shares of Recro Pharma in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $14.00 price target on the stock. ValuEngine cut shares of Recro Pharma from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, BidaskClub upgraded shares of Recro Pharma from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.92.

A number of institutional investors and hedge funds have recently made changes to their positions in REPH. Nuveen Asset Management LLC bought a new position in Recro Pharma during the second quarter valued at $3,455,000. River & Mercantile Asset Management LLP bought a new position in Recro Pharma during the second quarter valued at $2,166,000. BlackRock Inc. increased its position in Recro Pharma by 14.9% during the second quarter. BlackRock Inc. now owns 1,292,173 shares of the specialty pharmaceutical company’s stock valued at $13,142,000 after acquiring an additional 167,346 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Recro Pharma during the second quarter valued at $1,682,000. Finally, Penn Capital Management Co. Inc. bought a new position in Recro Pharma during the second quarter valued at $1,525,000. Institutional investors own 60.56% of the company’s stock.

REPH stock opened at $12.59 on Wednesday. Recro Pharma has a one year low of $5.53 and a one year high of $13.47. The company’s fifty day moving average price is $11.68 and its 200-day moving average price is $10.18. The company has a market capitalization of $293.83 million, a PE ratio of -5.06 and a beta of -0.50.

About Recro Pharma

Recro Pharma, Inc, a specialty pharmaceutical company, develops and commercializes products for hospital and related acute care settings. The company operates in two segments, Acute Care, and Contract Development and Manufacturing. Its lead product candidate includes injectable meloxicam, which completed pivotal phase III clinical trials for the treatment of post-operative pain.

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Earnings History and Estimates for Recro Pharma (NASDAQ:REPH)

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