Analysts Expect Allena Pharmaceuticals Inc (NASDAQ:ALNA) to Post -$0.51 EPS

Analysts expect Allena Pharmaceuticals Inc (NASDAQ:ALNA) to announce earnings per share (EPS) of ($0.51) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Allena Pharmaceuticals’ earnings, with estimates ranging from ($0.57) to ($0.40). Allena Pharmaceuticals posted earnings of ($0.46) per share in the same quarter last year, which would suggest a negative year over year growth rate of 10.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, March 5th.

Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Allena Pharmaceuticals.

Allena Pharmaceuticals (NASDAQ:ALNA) last issued its earnings results on Wednesday, November 13th. The company reported ($0.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.08).

A number of equities research analysts recently commented on the stock. Wedbush reaffirmed a “buy” rating and issued a $26.00 price target on shares of Allena Pharmaceuticals in a report on Thursday, October 17th. Cowen reaffirmed a “buy” rating on shares of Allena Pharmaceuticals in a report on Thursday. Credit Suisse Group lowered shares of Allena Pharmaceuticals from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $4.00 in a research note on Friday, November 8th. Zacks Investment Research upgraded shares of Allena Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, ValuEngine upgraded shares of Allena Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.96.

Shares of ALNA traded up $0.03 during trading hours on Thursday, hitting $1.67. The stock had a trading volume of 540,400 shares, compared to its average volume of 797,266. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.96 and a quick ratio of 6.80. The firm has a market capitalization of $38.48 million, a P/E ratio of -0.97 and a beta of 2.02. The firm has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $4.52. Allena Pharmaceuticals has a 1-year low of $1.55 and a 1-year high of $10.66.

A number of institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. grew its stake in Allena Pharmaceuticals by 17.0% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 41,587 shares of the company’s stock valued at $169,000 after buying an additional 6,030 shares in the last quarter. Wedbush Securities Inc. grew its stake in Allena Pharmaceuticals by 66.6% in the 3rd quarter. Wedbush Securities Inc. now owns 25,650 shares of the company’s stock valued at $101,000 after buying an additional 10,250 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Allena Pharmaceuticals during the 2nd quarter valued at $116,000. Susquehanna International Group LLP purchased a new position in shares of Allena Pharmaceuticals during the 2nd quarter valued at $137,000. Finally, Paloma Partners Management Co purchased a new position in shares of Allena Pharmaceuticals during the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

About Allena Pharmaceuticals

Allena Pharmaceuticals, Inc, a late-stage clinical biopharmaceutical company, engages in the development and commercialization of oral enzyme therapeutics to treat patients with rare and severe metabolic, and kidney disorders in the United States and internationally. The company's lead product candidate is reloxaliase, an oral enzyme therapeutic for the treatment of enteric hyperoxaluria, a metabolic disorder commonly associated with kidney stones in adults.

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Earnings History and Estimates for Allena Pharmaceuticals (NASDAQ:ALNA)

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