Q2 2018 EPS Estimates for Opiant Pharmaceuticals Inc (NASDAQ:OPNT) Raised by Analyst

Opiant Pharmaceuticals Inc (NASDAQ:OPNT) – Zacks Investment Research lifted their Q2 2018 earnings per share (EPS) estimates for shares of Opiant Pharmaceuticals in a report issued on Wednesday, according to Zacks Investment Research. Zacks Investment Research analyst D. Bautz now expects that the technology company will post earnings per share of $3.76 for the quarter, up from their previous estimate of ($1.24). Zacks Investment Research also issued estimates for Opiant Pharmaceuticals’ Q3 2018 earnings at ($0.36) EPS, Q4 2018 earnings at ($0.50) EPS, FY2018 earnings at $0.17 EPS, FY2019 earnings at ($1.00) EPS and FY2020 earnings at $3.43 EPS.

A number of other brokerages have also issued reports on OPNT. TheStreet upgraded Opiant Pharmaceuticals from a “c+” rating to a “b” rating in a report on Monday, October 16th. ValuEngine downgraded shares of Opiant Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd.

Opiant Pharmaceuticals (OPNT) opened at $21.50 on Friday. The stock has a market capitalization of $44.46, a P/E ratio of 51.19 and a beta of -0.28. Opiant Pharmaceuticals has a 12-month low of $5.00 and a 12-month high of $51.90.

Opiant Pharmaceuticals (NASDAQ:OPNT) last released its quarterly earnings results on Monday, December 4th. The technology company reported ($2.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.19) by ($1.58). Opiant Pharmaceuticals had a return on equity of 42.44% and a net margin of 8.93%. The company had revenue of $0.02 million during the quarter.

In other news, major shareholder Geoffrey Wolf sold 2,570 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $30.40, for a total transaction of $78,128.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 63.82% of the company’s stock.

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About Opiant Pharmaceuticals

Opiant Pharmaceuticals, Inc, formerly Lightlake Therapeutics, Inc, is a specialty pharmaceutical company. The Company develops pharmacological treatments for substance use, addictive and eating disorders. The Company has developed NARCAN (naloxone hydrochloride) Nasal Spray, a treatment to reverse opioid overdoses, which was conceived, licensed, developed and approved by the United States Food and Drug Administration (FDA).

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