Equities research analysts predict that Ocular Therapeutix, Inc. (NASDAQ:OCUL) will report $14.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Ocular Therapeutix’s earnings. The highest sales estimate is $15.30 million and the lowest is $13.47 million. Ocular Therapeutix posted sales of $7.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 92.9%. The firm is expected to announce its next earnings report on Thursday, March 10th.
On average, analysts expect that Ocular Therapeutix will report full year sales of $45.40 million for the current fiscal year, with estimates ranging from $44.68 million to $46.51 million. For the next year, analysts forecast that the business will report sales of $85.07 million, with estimates ranging from $71.89 million to $115.06 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ocular Therapeutix.
Ocular Therapeutix (NASDAQ:OCUL) last issued its quarterly earnings data on Monday, November 8th. The biopharmaceutical company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. The company had revenue of $12.15 million for the quarter, compared to analyst estimates of $12.13 million. Ocular Therapeutix had a negative net margin of 229.02% and a negative return on equity of 22.95%. During the same period last year, the company posted ($0.17) earnings per share.
Several research firms have issued reports on OCUL. Raymond James lifted their price target on shares of Ocular Therapeutix from $25.00 to $29.00 and gave the stock a “strong-buy” rating in a report on Monday, October 18th. JMP Securities lifted their price objective on shares of Ocular Therapeutix from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 9th. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Ocular Therapeutix in a research note on Tuesday, December 7th. Zacks Investment Research upgraded shares of Ocular Therapeutix from a “sell” rating to a “hold” rating in a research note on Friday, November 12th. Finally, Piper Sandler lowered their price objective on shares of Ocular Therapeutix from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Sunday, October 24th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $22.00.
This could be the most profitable event in crypto history. And it only happens once. If you miss it, there are no second chances.
NASDAQ OCUL opened at $6.53 on Friday. The firm’s fifty day simple moving average is $7.70 and its two-hundred day simple moving average is $10.45. The company has a current ratio of 8.11, a quick ratio of 8.06 and a debt-to-equity ratio of 0.58. Ocular Therapeutix has a 12-month low of $6.02 and a 12-month high of $23.68. The firm has a market capitalization of $500.26 million, a P/E ratio of -3.38 and a beta of 1.74.
In related news, major shareholder Summer Road Llc acquired 5,300 shares of the firm’s stock in a transaction dated Wednesday, December 8th. The shares were purchased at an average cost of $6.75 per share, for a total transaction of $35,775.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 116,410 shares of company stock worth $737,718 over the last quarter. 3.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in Ocular Therapeutix by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 85,117 shares of the biopharmaceutical company’s stock worth $1,207,000 after buying an additional 1,591 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ocular Therapeutix by 5.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,660 shares of the biopharmaceutical company’s stock worth $491,000 after buying an additional 1,759 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Ocular Therapeutix in the 3rd quarter valued at approximately $212,000. Swiss National Bank increased its position in shares of Ocular Therapeutix by 1.6% in the 3rd quarter. Swiss National Bank now owns 143,300 shares of the biopharmaceutical company’s stock valued at $1,433,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Credit Suisse AG grew its position in shares of Ocular Therapeutix by 6.0% in the 3rd quarter. Credit Suisse AG now owns 39,510 shares of the biopharmaceutical company’s stock valued at $396,000 after buying an additional 2,233 shares during the last quarter. Institutional investors own 62.89% of the company’s stock.
Ocular Therapeutix Company Profile
Ocular Therapeutix, Inc is a biopharmaceutical company, which engages in the development and commercialization of therapies for diseases and conditions of the eye. Its product pipeline includes Dextenza, OTX-TP, and OTX-TIC. The company was founded by Amarpreet S. Sawhney and Farhad Khosravi on September 12, 2006 and is headquartered in Bedford, MA.
Featured Article: Marijuana Stocks
Get a free copy of the Zacks research report on Ocular Therapeutix (OCUL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Ocular Therapeutix right now?
Before you consider Ocular Therapeutix, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ocular Therapeutix wasn’t on the list.
While Ocular Therapeutix currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Â
Be the first to comment