-$1.40 Earnings Per Share Expected for Radius Health (RDUS) This Quarter

Brokerages expect Radius Health (NASDAQ:RDUS) to announce earnings of ($1.40) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Radius Health’s earnings, with the lowest EPS estimate coming in at ($1.56) and the highest estimate coming in at ($1.32). Radius Health reported earnings of ($1.32) per share in the same quarter last year, which indicates a negative year over year growth rate of 6.1%. The business is scheduled to issue its next earnings results on Monday, May 7th.

According to Zacks, analysts expect that Radius Health will report full-year earnings of ($5.11) per share for the current financial year, with EPS estimates ranging from ($5.85) to ($3.91). For the next year, analysts forecast that the company will post earnings of ($4.18) per share, with EPS estimates ranging from ($4.63) to ($3.62). Zacks’ EPS averages are an average based on a survey of analysts that cover Radius Health.

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Radius Health (NASDAQ:RDUS) last posted its quarterly earnings data on Thursday, March 1st. The biopharmaceutical company reported ($1.59) EPS for the quarter, missing analysts’ consensus estimates of ($1.43) by ($0.16). The company had revenue of $7.66 million during the quarter, compared to the consensus estimate of $7.37 million. During the same period in the previous year, the business posted ($1.22) EPS. The business’s revenue was up 666.0% compared to the same quarter last year.

Several research firms have issued reports on RDUS. BidaskClub raised Radius Health from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley boosted their price target on Radius Health from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, March 2nd. Zacks Investment Research lowered Radius Health from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald set a $58.00 price target on Radius Health and gave the company a “buy” rating in a report on Thursday, March 22nd. Finally, ValuEngine raised Radius Health from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $52.10.

In other Radius Health news, major shareholder Growth N. V. Biotech acquired 75,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $34.38 per share, with a total value of $2,578,500.00. Following the completion of the purchase, the insider now directly owns 5,773,799 shares in the company, valued at approximately $198,503,209.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Growth N. V. Biotech acquired 80,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $32.52 per share, with a total value of $2,601,600.00. Following the purchase, the insider now owns 5,853,799 shares of the company’s stock, valued at $190,365,543.48. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 205,000 shares of company stock valued at $7,009,100. Corporate insiders own 15.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDUS. Cubist Systematic Strategies LLC bought a new position in shares of Radius Health in the third quarter worth about $110,000. Jane Street Group LLC boosted its stake in Radius Health by 24.7% during the fourth quarter. Jane Street Group LLC now owns 10,043 shares of the biopharmaceutical company’s stock valued at $319,000 after buying an additional 1,988 shares during the last quarter. MANA Advisors LLC bought a new position in Radius Health during the fourth quarter valued at approximately $347,000. Teacher Retirement System of Texas bought a new position in Radius Health during the fourth quarter valued at approximately $353,000. Finally, Raymond James & Associates boosted its stake in Radius Health by 44.5% during the fourth quarter. Raymond James & Associates now owns 15,224 shares of the biopharmaceutical company’s stock valued at $484,000 after buying an additional 4,692 shares during the last quarter.

NASDAQ:RDUS traded down $0.47 during mid-day trading on Friday, hitting $33.27. 921,286 shares of the company traded hands, compared to its average volume of 867,069. Radius Health has a one year low of $24.66 and a one year high of $49.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.96 and a current ratio of 5.04. The firm has a market capitalization of $1,582.64, a PE ratio of -5.97 and a beta of 1.25.

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About Radius Health

Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.

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Earnings History and Estimates for Radius Health (NASDAQ:RDUS)

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