Analysts expect that Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) (TSE:AUP) will post earnings per share (EPS) of ($0.14) for the current quarter, according to Zacks. Four analysts have provided estimates for Aurinia Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.19). Aurinia Pharmaceuticals reported earnings of ($0.22) per share during the same quarter last year, which suggests a positive year over year growth rate of 36.4%. The business is expected to report its next quarterly earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Aurinia Pharmaceuticals will report full-year earnings of ($1.08) per share for the current financial year, with EPS estimates ranging from ($1.19) to ($1.02). For the next financial year, analysts expect that the company will post earnings of ($0.70) per share, with EPS estimates ranging from ($0.87) to ($0.52). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Aurinia Pharmaceuticals.
Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSE:AUP) last issued its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The company had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.03 million. Aurinia Pharmaceuticals had a negative net margin of 18,089.02% and a negative return on equity of 25.56%. Aurinia Pharmaceuticals’s revenue for the quarter was up .0% compared to the same quarter last year.
AUPH has been the subject of several recent research reports. Zacks Investment Research raised Aurinia Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. BidaskClub raised Aurinia Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target (up previously from $10.00) on shares of Aurinia Pharmaceuticals in a research note on Monday, October 30th. Cantor Fitzgerald reissued a “buy” rating and issued a $14.00 price target on shares of Aurinia Pharmaceuticals in a research note on Monday, October 23rd. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of Aurinia Pharmaceuticals in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $10.79.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in Aurinia Pharmaceuticals by 8.6% during the second quarter. Royal Bank of Canada now owns 16,968 shares of the biotechnology company’s stock worth $104,000 after purchasing an additional 1,341 shares during the period. Wells Fargo & Company MN grew its stake in Aurinia Pharmaceuticals by 13,197.5% during the third quarter. Wells Fargo & Company MN now owns 26,595 shares of the biotechnology company’s stock worth $166,000 after purchasing an additional 26,395 shares during the period. Cutler Capital Management LLC grew its stake in Aurinia Pharmaceuticals by 33.3% during the third quarter. Cutler Capital Management LLC now owns 40,000 shares of the biotechnology company’s stock worth $251,000 after purchasing an additional 10,000 shares during the period. Investment Centers of America Inc. grew its stake in Aurinia Pharmaceuticals by 100.0% during the third quarter. Investment Centers of America Inc. now owns 60,000 shares of the biotechnology company’s stock worth $376,000 after purchasing an additional 30,000 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Aurinia Pharmaceuticals by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 81,950 shares of the biotechnology company’s stock valued at $502,000 after acquiring an additional 931 shares during the period. 28.08% of the stock is owned by institutional investors and hedge funds.
Shares of Aurinia Pharmaceuticals (NASDAQ AUPH) opened at $5.18 on Friday. The firm has a market capitalization of $445.06, a PE ratio of -4.28 and a beta of 2.34. Aurinia Pharmaceuticals has a one year low of $2.95 and a one year high of $10.54.
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About Aurinia Pharmaceuticals
Aurinia Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company operating in the field of nephrology and autoimmunity. The Company’s primary business is the development of a therapeutic drug to treat autoimmune diseases, in particular lupus nephritis (LN). It is focused on the development of its lead compound voclosporin, a therapeutic immunomodulating drug candidate, which is a second-generation calcineurin inhibitors (CNI) to treat patients afflicted with LN.
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