Zacks: Analysts Expect Achillion Pharmaceuticals (ACHN) Will Post Earnings of -$0.14 Per Share

Equities research analysts expect that Achillion Pharmaceuticals (NASDAQ:ACHN) will report earnings per share of ($0.14) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Achillion Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.13). Achillion Pharmaceuticals reported earnings of ($0.15) per share in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Achillion Pharmaceuticals will report full year earnings of ($0.55) per share for the current financial year, with EPS estimates ranging from ($0.56) to ($0.55). For the next financial year, analysts expect that the company will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.62) to ($0.51). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Achillion Pharmaceuticals.

Achillion Pharmaceuticals (NASDAQ:ACHN) last announced its earnings results on Thursday, February 22nd. The biopharmaceutical company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). During the same quarter in the previous year, the company posted ($0.03) earnings per share.



A number of analysts have commented on ACHN shares. Zacks Investment Research upgraded Achillion Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. BidaskClub upgraded Achillion Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Finally, B. Riley started coverage on Achillion Pharmaceuticals in a research report on Thursday, February 8th. They issued a “neutral” rating and a $3.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Achillion Pharmaceuticals has an average rating of “Hold” and a consensus price target of $4.86.

Several hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new stake in shares of Achillion Pharmaceuticals in the 4th quarter worth approximately $162,000. TIAA CREF Investment Management LLC raised its holdings in shares of Achillion Pharmaceuticals by 13.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 363,571 shares of the biopharmaceutical company’s stock worth $1,047,000 after buying an additional 42,358 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Achillion Pharmaceuticals by 3.9% in the 4th quarter. Teachers Advisors LLC now owns 1,552,264 shares of the biopharmaceutical company’s stock worth $4,471,000 after buying an additional 57,782 shares in the last quarter. Sarissa Capital Management LP raised its holdings in shares of Achillion Pharmaceuticals by 17.0% in the 4th quarter. Sarissa Capital Management LP now owns 2,500,000 shares of the biopharmaceutical company’s stock worth $7,200,000 after buying an additional 363,200 shares in the last quarter. Finally, Perceptive Advisors LLC acquired a new position in shares of Achillion Pharmaceuticals in the 4th quarter worth approximately $2,880,000. Institutional investors own 82.10% of the company’s stock.

Shares of ACHN stock traded up $0.10 during mid-day trading on Wednesday, reaching $3.68. The stock had a trading volume of 766,675 shares, compared to its average volume of 1,901,607. Achillion Pharmaceuticals has a one year low of $2.58 and a one year high of $5.66. The company has a market capitalization of $502.17, a P/E ratio of -5.94 and a beta of 0.89.

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About Achillion Pharmaceuticals

Achillion Pharmaceuticals, Inc, a biopharmaceutical company, discovers, develops, and commercializes small molecule drug therapies for immune system disorders in the United States. Its lead drug candidate includes ACH-4471, an inhibitor of factor D that is Phase II clinical trials for patients with paroxysmal nocturnal hemoglobinuria and C3 glomerulopathy.

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Earnings History and Estimates for Achillion Pharmaceuticals (NASDAQ:ACHN)

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