Brokerages expect Advanced Accelerator Application SA (NASDAQ:AAAP) to post earnings per share of ($0.21) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Advanced Accelerator Application’s earnings, with estimates ranging from ($0.33) to ($0.09). Advanced Accelerator Application reported earnings of ($0.18) per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The company is scheduled to issue its next earnings results on Thursday, March 22nd.
On average, analysts expect that Advanced Accelerator Application will report full year earnings of ($0.85) per share for the current financial year, with EPS estimates ranging from ($0.97) to ($0.68). For the next year, analysts forecast that the business will post earnings of $0.06 per share, with EPS estimates ranging from ($0.84) to $0.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Advanced Accelerator Application.
Advanced Accelerator Application (NASDAQ:AAAP) last posted its earnings results on Friday, November 17th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.43). Advanced Accelerator Application had a negative net margin of 43.93% and a negative return on equity of 20.59%.
Several research firms recently issued reports on AAAP. BidaskClub cut shares of Advanced Accelerator Application from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. cut shares of Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 target price for the company. in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Advanced Accelerator Application from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Wednesday, November 1st. Finally, JMP Securities reiterated an “outperform” rating and issued a $69.00 target price on shares of Advanced Accelerator Application in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $69.80.
Advanced Accelerator Application (NASDAQ:AAAP) traded up $0.08 on Friday, hitting $81.99. 178,926 shares of the company traded hands, compared to its average volume of 283,015. Advanced Accelerator Application has a 1 year low of $27.90 and a 1 year high of $81.99. The firm has a market cap of $3,605.59, a PE ratio of -62.59 and a beta of 0.96.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its holdings in Advanced Accelerator Application by 123.7% in the 3rd quarter. Advisor Group Inc. now owns 1,528 shares of the company’s stock worth $103,000 after acquiring an additional 845 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Advanced Accelerator Application by 81.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock worth $177,000 after acquiring an additional 2,027 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Advanced Accelerator Application in the 3rd quarter worth $204,000. Empirical Finance LLC purchased a new stake in Advanced Accelerator Application in the 3rd quarter worth $265,000. Finally, Citadel Advisors LLC purchased a new stake in Advanced Accelerator Application in the 3rd quarter worth $388,000. 39.11% of the stock is owned by institutional investors.
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About Advanced Accelerator Application
Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.
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