$16.77 Million in Sales Expected for Recro Pharma Inc (REPH) This Quarter

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Equities research analysts expect Recro Pharma Inc (NASDAQ:REPH) to report $16.77 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Recro Pharma’s earnings. The lowest sales estimate is $15.32 million and the highest is $18.00 million. Recro Pharma posted sales of $17.11 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2%. The business is scheduled to issue its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Recro Pharma will report full-year sales of $72.73 million for the current financial year, with estimates ranging from $71.00 million to $73.43 million. For the next year, analysts expect that the company will report sales of $77.80 million, with estimates ranging from $71.00 million to $88.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Recro Pharma.

Recro Pharma (NASDAQ:REPH) last posted its earnings results on Tuesday, August 7th. The specialty pharmaceutical company reported ($0.62) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.34) by $0.72. Recro Pharma had a negative net margin of 75.19% and a negative return on equity of 144.84%. The firm had revenue of $21.74 million during the quarter, compared to analysts’ expectations of $16.81 million.

Several research firms have recently commented on REPH. Janney Montgomery Scott set a $13.00 target price on shares of Recro Pharma and gave the stock a “buy” rating in a research report on Monday, October 1st. ValuEngine upgraded shares of Recro Pharma from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 19th. Finally, Oppenheimer set a $18.00 price target on shares of Recro Pharma and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.96.

Shares of NASDAQ:REPH traded up $0.01 on Wednesday, hitting $7.20. The company had a trading volume of 204,643 shares, compared to its average volume of 265,424. Recro Pharma has a 1 year low of $4.78 and a 1 year high of $13.05. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 2.22. The stock has a market cap of $147.30 million, a price-to-earnings ratio of -3.62 and a beta of -0.82.

Several institutional investors have recently modified their holdings of REPH. Newtyn Management LLC bought a new position in shares of Recro Pharma in the 2nd quarter worth about $4,456,000. Lyon Street Capital LLC increased its stake in shares of Recro Pharma by 182.6% in the 1st quarter. Lyon Street Capital LLC now owns 1,027,271 shares of the specialty pharmaceutical company’s stock worth $11,310,000 after acquiring an additional 663,776 shares in the last quarter. Engine Capital Management LP increased its stake in shares of Recro Pharma by 472.3% in the 2nd quarter. Engine Capital Management LP now owns 391,307 shares of the specialty pharmaceutical company’s stock worth $1,964,000 after acquiring an additional 322,937 shares in the last quarter. Millennium Management LLC bought a new position in shares of Recro Pharma in the 1st quarter worth about $3,060,000. Finally, Sanders Morris Harris LLC bought a new position in shares of Recro Pharma in the 2nd quarter worth about $1,391,000. Institutional investors own 55.86% of the company’s stock.

About Recro Pharma

Recro Pharma, Inc, a specialty pharmaceutical company, engages in developing non-opioid products for the treatment of acute pain primarily in the United States. The company's lead product candidate includes injectable meloxicam, which completed pivotal phase III clinical trials for the treatment of post-operative pain.

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