Aileron Therapeutics (ALRN) Expected to Announce Earnings of -$0.49 Per Share

Wall Street analysts expect Aileron Therapeutics (NASDAQ:ALRN) to announce earnings per share (EPS) of ($0.49) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Aileron Therapeutics’ earnings, with the lowest EPS estimate coming in at ($0.50) and the highest estimate coming in at ($0.48). The business is expected to issue its next quarterly earnings results on Monday, July 2nd.

According to Zacks, analysts expect that Aileron Therapeutics will report full-year earnings of ($2.06) per share for the current fiscal year, with EPS estimates ranging from ($2.24) to ($1.95). For the next fiscal year, analysts forecast that the firm will report earnings of ($2.24) per share, with EPS estimates ranging from ($2.26) to ($2.22). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Aileron Therapeutics.

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Aileron Therapeutics (NASDAQ:ALRN) last announced its quarterly earnings results on Monday, April 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.03).

Separately, Zacks Investment Research raised shares of Aileron Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $19.33.

Shares of ALRN stock traded down $0.36 on Friday, hitting $6.37. The stock had a trading volume of 33,640 shares, compared to its average volume of 30,459. Aileron Therapeutics has a twelve month low of $6.22 and a twelve month high of $15.48. The firm has a market capitalization of $99.16 and a price-to-earnings ratio of -3.60.

In related news, major shareholder Apple Tree Partners Ii Lp sold 150,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $9.80, for a total value of $1,470,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 68.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALRN. California State Teachers Retirement System acquired a new position in Aileron Therapeutics in the 3rd quarter worth $110,000. Vanguard Group Inc. acquired a new position in Aileron Therapeutics in the 2nd quarter worth $111,000. Bank of New York Mellon Corp acquired a new position in Aileron Therapeutics in the 3rd quarter worth $135,000. Schwab Charles Investment Management Inc. acquired a new position in Aileron Therapeutics in the 3rd quarter worth $165,000. Finally, Endurant Capital Management LP boosted its stake in Aileron Therapeutics by 24.0% in the 4th quarter. Endurant Capital Management LP now owns 85,997 shares of the company’s stock worth $906,000 after purchasing an additional 16,647 shares during the period. 7.63% of the stock is owned by hedge funds and other institutional investors.

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About Aileron Therapeutics

Aileron Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing a class of therapeutics called stapled peptides. It is also developing a pipeline of stapled peptide drugs across a range of therapeutic areas, including cancer, endocrine and metabolic diseases and inflammation.

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Earnings History and Estimates for Aileron Therapeutics (NASDAQ:ALRN)

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