Agile Therapeutics (AGRX) to Post FY2018 Earnings of ($0.80) Per Share, Zacks Investment Research Forecasts

Agile Therapeutics (NASDAQ:AGRX) – Equities researchers at Zacks Investment Research dropped their FY2018 earnings per share estimates for Agile Therapeutics in a research note issued on Monday, May 14th. Zacks Investment Research analyst D. Bautz now forecasts that the specialty pharmaceutical company will post earnings per share of ($0.80) for the year, down from their previous estimate of ($0.74).

A number of other analysts have also recently issued reports on the stock. HC Wainwright set a $8.00 target price on shares of Agile Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, May 9th. ValuEngine upgraded shares of Agile Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Noble Financial reaffirmed a “buy” rating on shares of Agile Therapeutics in a research report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Agile Therapeutics opened at $2.50 on Wednesday, according to MarketBeat. The stock has a market cap of $91.10 million, a PE ratio of -2.75 and a beta of 2.12. Agile Therapeutics has a 52-week low of $2.66 and a 52-week high of $2.69.

Agile Therapeutics (NASDAQ:AGRX) last posted its earnings results on Monday, March 12th. The specialty pharmaceutical company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.05.

A number of hedge funds have recently added to or reduced their stakes in the business. Perceptive Advisors LLC bought a new position in Agile Therapeutics in the 4th quarter valued at about $9,092,000. Franklin Resources Inc. increased its holdings in Agile Therapeutics by 17.0% in the 1st quarter. Franklin Resources Inc. now owns 3,355,200 shares of the specialty pharmaceutical company’s stock valued at $8,623,000 after buying an additional 487,400 shares during the period. Renaissance Technologies LLC increased its holdings in Agile Therapeutics by 313.7% in the 4th quarter. Renaissance Technologies LLC now owns 366,100 shares of the specialty pharmaceutical company’s stock valued at $985,000 after buying an additional 277,600 shares during the period. Broadfin Capital LLC bought a new position in Agile Therapeutics in the 4th quarter valued at about $964,000. Finally, Dimensional Fund Advisors LP increased its holdings in Agile Therapeutics by 62.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 145,070 shares of the specialty pharmaceutical company’s stock valued at $373,000 after buying an additional 55,937 shares during the period. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

Agile Therapeutics Company Profile

Agile Therapeutics, Inc, a women's healthcare company, focuses on the development and commercialization of prescription contraceptive products for women. Its lead product candidate is Twirla, also known as AG200-15, a once-weekly prescription combination hormonal contraceptive patch, which completed Phase III clinical trials.

Earnings History and Estimates for Agile Therapeutics (NASDAQ:AGRX)

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