Wall Street brokerages expect PDL BioPharma Inc (NASDAQ:PDLI) to report earnings of $0.03 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for PDL BioPharma’s earnings. PDL BioPharma reported earnings of $0.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 200%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, March 8th.
According to Zacks, analysts expect that PDL BioPharma will report full year earnings of $0.60 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $0.10 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover PDL BioPharma.
Several equities research analysts have commented on the company. BidaskClub cut PDL BioPharma from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 13th. Cowen restated a “hold” rating and issued a $3.00 target price on shares of PDL BioPharma in a research note on Friday, October 27th. Zacks Investment Research cut PDL BioPharma from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, ValuEngine upgraded PDL BioPharma from a “hold” rating to a “buy” rating in a research note on Saturday, November 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. PDL BioPharma presently has an average rating of “Hold” and a consensus price target of $3.33.
Shares of PDL BioPharma (PDLI) opened at $2.47 on Thursday. The company has a market capitalization of $381.22, a P/E ratio of 5.15 and a beta of 0.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.16 and a quick ratio of 3.10. PDL BioPharma has a 12 month low of $1.96 and a 12 month high of $3.55.
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About PDL BioPharma
PDL BioPharma, Inc seeks to provide return for its shareholders by acquiring and managing a portfolio of companies, products, royalty agreements and debt facilities in the biotechnology, pharmaceutical and medical device industries. The Company’s segments include income generating assets and product sales.
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