Madrigal Pharmaceuticals (NASDAQ:MDGL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Madrigal Pharmaceuticals (NASDAQ:MDGL) posted its quarterly earnings results on Tuesday, March 13th. The biopharmaceutical company reported ($0.67) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.70) by $0.03, Bloomberg Earnings reports.

Shares of Madrigal Pharmaceuticals stock opened at $101.55 on Friday. The company has a market capitalization of $1,596.77, a price-to-earnings ratio of -39.98 and a beta of 1.39. Madrigal Pharmaceuticals has a fifty-two week low of $13.09 and a fifty-two week high of $154.75.

How to Become a New Pot Stock Millionaire

MDGL has been the topic of several analyst reports. ValuEngine upgraded shares of Madrigal Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Goldman Sachs started coverage on shares of Madrigal Pharmaceuticals in a research report on Friday, March 23rd. They issued a “buy” rating and a $191.00 target price on the stock. BidaskClub lowered shares of Madrigal Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 16th. HC Wainwright raised their target price on shares of Madrigal Pharmaceuticals from $105.00 to $156.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Roth Capital raised their target price on shares of Madrigal Pharmaceuticals from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $160.33.

A hedge fund recently bought a new stake in Madrigal Pharmaceuticals stock. California State Teachers Retirement System purchased a new stake in shares of Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,200 shares of the biopharmaceutical company’s stock, valued at approximately $117,000. California State Teachers Retirement System owned about 0.06% of Madrigal Pharmaceuticals as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 35.98% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Madrigal Pharmaceuticals (NASDAQ:MDGL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/madrigal-pharmaceuticals-mdgl-releases-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.

About Madrigal Pharmaceuticals

Madrigal Pharmaceuticals, Inc, formerly Synta Pharmaceuticals Corp., is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular-metabolic diseases and nonalcoholic steatohepatitis (NASH). The Company’s lead product, MGL-3196, is a Phase II-ready once-daily, oral, liver-directed selective thyroid hormone receptor-b (THR-b) agonist for the treatment of NASH, and heterozygous and homozygous familial hypercholesterolemia (FH).

Earnings History for Madrigal Pharmaceuticals (NASDAQ:MDGL)

Receive News & Ratings for Madrigal Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madrigal Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply