Esperion Therapeutics (ESPR) Expected to Post Earnings of -$1.56 Per Share

Analysts expect Esperion Therapeutics (NASDAQ:ESPR) to post ($1.56) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Esperion Therapeutics’ earnings, with estimates ranging from ($1.96) to ($1.29). Esperion Therapeutics posted earnings of ($1.80) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The firm is expected to announce its next earnings results on Thursday, May 3rd.

On average, analysts expect that Esperion Therapeutics will report full year earnings of ($5.61) per share for the current fiscal year, with EPS estimates ranging from ($6.58) to ($4.44). For the next fiscal year, analysts forecast that the firm will report earnings of ($5.50) per share, with EPS estimates ranging from ($6.74) to ($4.54). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Esperion Therapeutics.

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Esperion Therapeutics (NASDAQ:ESPR) last released its quarterly earnings data on Tuesday, February 20th. The biopharmaceutical company reported ($1.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.36. During the same quarter in the prior year, the business earned ($1.29) earnings per share.

ESPR has been the topic of a number of recent research reports. BidaskClub lowered shares of Esperion Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Citigroup lowered shares of Esperion Therapeutics from a “buy” rating to a “neutral” rating and raised their price objective for the company from $77.00 to $96.00 in a research note on Monday, January 22nd. Northland Securities raised their price objective on shares of Esperion Therapeutics from $100.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday. UBS set a $88.00 price objective on shares of Esperion Therapeutics and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Chardan Capital raised their price objective on shares of Esperion Therapeutics from $75.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $96.31.

In related news, Director Nicole Vitullo sold 11,674 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $71.79, for a total transaction of $838,076.46. Following the completion of the sale, the director now owns 3,177 shares in the company, valued at $228,076.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger S. Newton sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $72.37, for a total transaction of $1,809,250.00. Following the sale, the director now owns 639,682 shares of the company’s stock, valued at approximately $46,293,786.34. The disclosure for this sale can be found here. Corporate insiders own 32.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Esperion Therapeutics during the fourth quarter worth about $222,000. BB&T Securities LLC purchased a new stake in Esperion Therapeutics during the fourth quarter worth about $263,000. First Mercantile Trust Co. increased its holdings in Esperion Therapeutics by 56.0% during the fourth quarter. First Mercantile Trust Co. now owns 4,233 shares of the biopharmaceutical company’s stock worth $279,000 after buying an additional 1,519 shares during the last quarter. Creative Planning purchased a new stake in Esperion Therapeutics during the fourth quarter worth about $314,000. Finally, Oakmont Partners LLC purchased a new stake in Esperion Therapeutics during the fourth quarter worth about $323,000. Institutional investors and hedge funds own 91.66% of the company’s stock.

Shares of Esperion Therapeutics stock traded down $0.47 during trading hours on Friday, reaching $73.69. The company’s stock had a trading volume of 293,749 shares, compared to its average volume of 618,476. Esperion Therapeutics has a one year low of $30.95 and a one year high of $82.68. The firm has a market capitalization of $2,005.30, a price-to-earnings ratio of -10.68 and a beta of 2.51.

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About Esperion Therapeutics

Esperion Therapeutics, Inc, a lipid management company, focuses on developing and commercializing oral therapies for the treatment of patients with elevated low density lipoprotein cholesterol (LDL-C). Its lead product candidate is bempedoic acid/ezetimibe combination pill, a non-statin, orally available, LDL-C lowering therapy for patients with hypercholesterolemia and with atherosclerotic cardiovascular disease, and/or heterozygous familial hypercholesterolemia that is in Phase III long-term safety and tolerability study.

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