Jefferies Group Weighs in on Vanda Pharmaceuticals Inc.’s Q2 2018 Earnings (VNDA)

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) – Investment analysts at Jefferies Group issued their Q2 2018 earnings estimates for shares of Vanda Pharmaceuticals in a research report issued to clients and investors on Thursday. Jefferies Group analyst M. Andrews expects that the biopharmaceutical company will post earnings of ($0.06) per share for the quarter. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for Vanda Pharmaceuticals’ FY2019 earnings at $0.81 EPS, FY2020 earnings at $0.59 EPS, FY2021 earnings at $0.96 EPS and FY2022 earnings at $1.91 EPS.

Vanda Pharmaceuticals (NASDAQ:VNDA) last issued its quarterly earnings results on Wednesday, February 14th. The biopharmaceutical company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.08. Vanda Pharmaceuticals had a negative net margin of 9.43% and a negative return on equity of 11.97%. The company had revenue of $44.28 million during the quarter, compared to analyst estimates of $44.00 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Vanda Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Oppenheimer set a $26.00 target price on shares of Vanda Pharmaceuticals and gave the stock a “buy” rating in a research note on Sunday, October 29th. BidaskClub raised shares of Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine raised shares of Vanda Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Seaport Global Securities started coverage on shares of Vanda Pharmaceuticals in a research note on Friday, January 19th. They set a “buy” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.43.

Shares of Vanda Pharmaceuticals (NASDAQ VNDA) opened at $17.10 on Friday. Vanda Pharmaceuticals has a one year low of $11.90 and a one year high of $18.99. The stock has a market cap of $767.90, a price-to-earnings ratio of -50.29 and a beta of 1.24.

In other news, SVP Gunther Birznieks sold 8,568 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $15.26, for a total transaction of $130,747.68. Following the transaction, the senior vice president now owns 118,366 shares of the company’s stock, valued at approximately $1,806,265.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James Patrick Kelly sold 9,155 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $15.35, for a total transaction of $140,529.25. Following the transaction, the chief financial officer now directly owns 144,721 shares in the company, valued at approximately $2,221,467.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,483 shares of company stock worth $3,205,205. Corporate insiders own 7.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in VNDA. Teacher Retirement System of Texas acquired a new position in Vanda Pharmaceuticals in the fourth quarter valued at about $209,000. Metropolitan Life Insurance Co. NY acquired a new position in Vanda Pharmaceuticals in the fourth quarter valued at about $221,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Vanda Pharmaceuticals in the third quarter valued at about $277,000. MetLife Investment Advisors LLC acquired a new position in Vanda Pharmaceuticals in the fourth quarter valued at about $308,000. Finally, Voya Investment Management LLC lifted its position in Vanda Pharmaceuticals by 29.7% in the second quarter. Voya Investment Management LLC now owns 20,118 shares of the biopharmaceutical company’s stock valued at $328,000 after buying an additional 4,605 shares during the last quarter. 88.19% of the stock is currently owned by hedge funds and other institutional investors.

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Vanda Pharmaceuticals Company Profile

Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).

Earnings History and Estimates for Vanda Pharmaceuticals (NASDAQ:VNDA)

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