Brokerages Expect Kala Pharmaceuticals (KALA) to Announce -$0.45 EPS

Equities analysts expect Kala Pharmaceuticals (NASDAQ:KALA) to post ($0.45) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Kala Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.49) and the highest estimate coming in at ($0.41). The company is scheduled to report its next earnings report on Monday, June 25th.

According to Zacks, analysts expect that Kala Pharmaceuticals will report full-year earnings of ($1.98) per share for the current financial year, with EPS estimates ranging from ($2.20) to ($1.74). For the next financial year, analysts anticipate that the business will post earnings of ($2.57) per share, with EPS estimates ranging from ($3.38) to ($1.93). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Kala Pharmaceuticals.

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Kala Pharmaceuticals (NASDAQ:KALA) last released its earnings results on Monday, March 26th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.09).

Several research firms recently weighed in on KALA. Zacks Investment Research upgraded Kala Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. BidaskClub upgraded Kala Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Wells Fargo reiterated an “outperform” rating and set a $19.00 target price (down from $24.00) on shares of Kala Pharmaceuticals in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, Wedbush reiterated an “outperform” rating and set a $46.00 target price on shares of Kala Pharmaceuticals in a research report on Friday, December 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.80.

In other news, major shareholder Orbimed Advisors Llc purchased 64,637 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $963,737.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 622,397 shares of company stock valued at $9,273,112 over the last 90 days.

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in shares of Kala Pharmaceuticals in the third quarter valued at about $540,000. American International Group Inc. acquired a new stake in shares of Kala Pharmaceuticals in the third quarter valued at about $122,000. JPMorgan Chase & Co. acquired a new stake in shares of Kala Pharmaceuticals in the third quarter valued at about $4,037,000. Wells Fargo & Company MN acquired a new stake in shares of Kala Pharmaceuticals in the third quarter valued at about $3,752,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Kala Pharmaceuticals in the third quarter valued at about $313,000. Institutional investors own 72.30% of the company’s stock.

NASDAQ KALA traded up $0.18 during trading hours on Friday, hitting $16.00. 193,093 shares of the company’s stock were exchanged, compared to its average volume of 327,168. Kala Pharmaceuticals has a 12-month low of $11.81 and a 12-month high of $26.75. The company has a market capitalization of $393.88 and a PE ratio of -2.74. The company has a current ratio of 7.97, a quick ratio of 7.97 and a debt-to-equity ratio of 0.13.

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Kala Pharmaceuticals Company Profile

Kala Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapies using its proprietary nanoparticle-based Mucus Penetrating Particles technology. The company's product candidates include KPI-121 1.0%, which has completed Phase 3 clinical trials for the treatment of inflammation and pain following ocular surgery; and KPI-121 0.25% that is in Phase 3 clinical trials for the temporary relief of the signs and symptoms of dry eye disease.

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