Analysts Anticipate Pieris Pharmaceuticals Inc (PIRS) to Announce -$0.14 EPS

Equities analysts expect Pieris Pharmaceuticals Inc (NASDAQ:PIRS) to post earnings per share of ($0.14) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pieris Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.15). Pieris Pharmaceuticals posted earnings of ($0.16) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is expected to report its next quarterly earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Pieris Pharmaceuticals will report full year earnings of ($0.72) per share for the current fiscal year, with EPS estimates ranging from ($0.73) to ($0.70). For the next year, analysts expect that the company will report earnings of ($0.63) per share, with EPS estimates ranging from ($0.74) to ($0.51). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Pieris Pharmaceuticals.

Pieris Pharmaceuticals (NASDAQ:PIRS) last released its quarterly earnings data on Wednesday, November 8th. The biotechnology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. Pieris Pharmaceuticals had a negative net margin of 321.83% and a negative return on equity of 221.93%. The firm had revenue of $3.93 million during the quarter, compared to analysts’ expectations of $1.52 million. The firm’s revenue was up 400.3% on a year-over-year basis.

Several brokerages have weighed in on PIRS. HC Wainwright set a $9.00 target price on shares of Pieris Pharmaceuticals and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BidaskClub raised shares of Pieris Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, ValuEngine lowered shares of Pieris Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $9.00.

Pieris Pharmaceuticals (NASDAQ PIRS) opened at $7.46 on Monday. The firm has a market cap of $334.17, a PE ratio of -10.22 and a beta of -76.25. Pieris Pharmaceuticals has a 12 month low of $1.66 and a 12 month high of $7.90.

In related news, major shareholder Orbimed Advisors Llc sold 147,635 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $5.70, for a total value of $841,519.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.05% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC acquired a new stake in Pieris Pharmaceuticals during the second quarter worth approximately $308,000. First Quadrant L P CA acquired a new stake in Pieris Pharmaceuticals during the third quarter worth approximately $473,000. Northern Trust Corp acquired a new position in shares of Pieris Pharmaceuticals in the 2nd quarter valued at $1,625,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Pieris Pharmaceuticals in the 2nd quarter valued at $292,000. Finally, Voya Investment Management LLC acquired a new position in shares of Pieris Pharmaceuticals in the 2nd quarter valued at $100,000. 50.45% of the stock is currently owned by institutional investors.

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About Pieris Pharmaceuticals

Pieris Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, an inhaled Anticalin to treat uncontrolled asthma and a half-life-optimized Anticalin to treat anemia. Its Anticalins proteins are a class of low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins typically found in blood plasma and other bodily fluids.

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