Brokerages Expect Menlo Therapeutics Inc (NASDAQ:MNLO) Will Post Quarterly Sales of $2.04 Million
Wall Street analysts expect Menlo Therapeutics Inc (NASDAQ:MNLO) to report $2.04 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Menlo Therapeutics’ earnings. The highest sales estimate is $2.40 million and the lowest is $1.72 million. The business is scheduled to issue its next quarterly earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Menlo Therapeutics will report full year sales of $16.08 million for the current fiscal year, with estimates ranging from $13.60 million to $18.64 million. For the next fiscal year, analysts forecast that the firm will report sales of $80.38 million, with estimates ranging from $77.10 million to $85.84 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Menlo Therapeutics.
Menlo Therapeutics (NASDAQ:MNLO) last issued its earnings results on Monday, May 11th. The company reported ($0.95) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.54) by ($0.41). The business had revenue of $1.75 million for the quarter, compared to analyst estimates of $2.21 million.
Shares of Menlo Therapeutics stock traded down $0.04 on Wednesday, reaching $1.65. The company had a trading volume of 3,349,800 shares, compared to its average volume of 3,070,906. The firm’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $3.32. The firm has a market cap of $283.28 million, a PE ratio of -0.52 and a beta of 1.16. Menlo Therapeutics has a 52-week low of $1.00 and a 52-week high of $7.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.68 and a current ratio of 1.74.
In other Menlo Therapeutics news, major shareholder Perceptive Advisors Llc bought 2,702,702 shares of the stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $1.85 per share, with a total value of $4,999,998.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in MNLO. Nations Financial Group Inc. IA ADV acquired a new position in shares of Menlo Therapeutics during the first quarter worth approximately $27,000. Wetherby Asset Management Inc. bought a new stake in shares of Menlo Therapeutics during the first quarter valued at approximately $29,000. Grace Capital bought a new stake in shares of Menlo Therapeutics during the first quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Menlo Therapeutics during the first quarter valued at approximately $32,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Menlo Therapeutics during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 25.46% of the company’s stock.
Menlo Therapeutics Company Profile
Menlo Therapeutics Inc, a late-stage biopharmaceutical company, focuses on the development and commercialization of serlopitant for the treatment of pruritus associated with dermatologic conditions in the United States. The company has completed Phase II clinical trials in pruritus associated with prurigo nodularis; psoriasis; chronic pruritus; atopic dermatitis; and refractory chronic cough.
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