Aquestive Therapeutics (AQST) Posts Earnings Results, Misses Expectations By $0.15 EPS

Aquestive Therapeutics (NASDAQ:AQST) posted its quarterly earnings data on Tuesday. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.15), Fidelity Earnings reports. The firm had revenue of $13.27 million for the quarter, compared to the consensus estimate of $14.75 million.

AQST traded up $0.36 during trading on Wednesday, reaching $17.91. 78,712 shares of the stock were exchanged, compared to its average volume of 130,135. Aquestive Therapeutics has a twelve month low of $13.61 and a twelve month high of $20.70.

A number of research firms have recently issued reports on AQST. Royal Bank of Canada set a $24.00 price objective on shares of Aquestive Therapeutics and gave the company a “buy” rating in a report on Wednesday. Wedbush set a $34.00 price objective on shares of Aquestive Therapeutics and gave the company a “buy” rating in a report on Thursday, October 25th. JMP Securities began coverage on shares of Aquestive Therapeutics in a report on Monday, August 20th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, BMO Capital Markets began coverage on shares of Aquestive Therapeutics in a report on Monday, August 20th. They issued an “outperform” rating on the stock.

An institutional investor recently bought a new position in Aquestive Therapeutics stock. Engineers Gate Manager LP bought a new position in shares of Aquestive Therapeutics Inc (NASDAQ:AQST) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,511 shares of the company’s stock, valued at approximately $464,000. Engineers Gate Manager LP owned about 0.11% of Aquestive Therapeutics at the end of the most recent quarter. 1.22% of the stock is currently owned by institutional investors.

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Aquestive Therapeutics Company Profile

Aquestive Therapeutics, Inc, a specialty pharmaceutical company, focuses on identifying, developing, and commercializing various products to address unmet medical needs. Its products are developed using its PharmFilm technology. The company's marketed products include Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; and Zuplenz, an oral soluble film formulation of ondansetron antagonist for the treatment of nausea and vomiting associated with chemotherapy and post-operative recovery.

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