Brokerages expect Ultragenyx Pharmaceutical (NASDAQ:RARE) to report ($0.76) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Ultragenyx Pharmaceutical’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at ($2.20). Ultragenyx Pharmaceutical posted earnings per share of ($1.63) during the same quarter last year, which would indicate a positive year-over-year growth rate of 53.4%. The firm is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Ultragenyx Pharmaceutical will report full year earnings of ($6.14) per share for the current fiscal year, with EPS estimates ranging from ($8.73) to ($2.54). For the next fiscal year, analysts forecast that the company will report earnings of ($6.69) per share, with EPS estimates ranging from ($8.74) to ($5.20). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Ultragenyx Pharmaceutical.
Ultragenyx Pharmaceutical (NASDAQ:RARE) last posted its quarterly earnings results on Tuesday, February 20th. The biopharmaceutical company reported ($2.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.00) by ($0.27). The business had revenue of $2.41 million during the quarter, compared to the consensus estimate of $0.75 million. During the same quarter in the previous year, the company posted ($1.75) EPS.
Several institutional investors and hedge funds have recently bought and sold shares of RARE. First Trust Advisors LP increased its position in shares of Ultragenyx Pharmaceutical by 49.4% during the fourth quarter. First Trust Advisors LP now owns 785,694 shares of the biopharmaceutical company’s stock worth $36,440,000 after purchasing an additional 259,816 shares in the last quarter. Pier Capital LLC purchased a new position in shares of Ultragenyx Pharmaceutical during the fourth quarter worth about $5,831,000. Hudson Bay Capital Management LP purchased a new position in shares of Ultragenyx Pharmaceutical during the fourth quarter worth about $4,638,000. Opaleye Management Inc. purchased a new position in shares of Ultragenyx Pharmaceutical during the fourth quarter worth about $4,174,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Ultragenyx Pharmaceutical by 8.7% during the fourth quarter. Alliancebernstein L.P. now owns 700,406 shares of the biopharmaceutical company’s stock worth $32,485,000 after buying an additional 56,106 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.
Ultragenyx Pharmaceutical stock traded up $0.97 during midday trading on Thursday, reaching $54.79. The company’s stock had a trading volume of 829,243 shares, compared to its average volume of 553,407. Ultragenyx Pharmaceutical has a fifty-two week low of $41.67 and a fifty-two week high of $71.99. The stock has a market cap of $2,635.06, a PE ratio of -7.31 and a beta of 1.82.
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Ultragenyx Pharmaceutical Company Profile
Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of various products for the treatment of rare and ultra-rare genetic diseases in the United States. Its biologics product candidate includes Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII.
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