Net earnings for the quarter were posted at $0.27 per share, whereas Wall Street had forecast $0.25 per share.
When it comes to the Analysis of a Stock, Price Target plays a vital role. (NASDAQ:SCMP) earned "Outperform" rating by Northland Capital on Wednesday, September 7. According to the Analysts, the Low Earnings estimate for the current quarter is $0.15, while the High earnings estimate is $0.26.Comparatively, EPS for the same quarter past year was $0.03. The firm had revenue of $61.27 million for the quarter, compared to analysts' expectations of $58.05 million.
The stock decreased 1.63% or $0.3 during the last trading session, reaching $18.1. Analysts expect SCMP to grow earnings at a 3.00% annual rate over the next 5 years.
Several analysts have recently commented on the stock. Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The rating was downgraded by Maxim Group on Tuesday, December 26 to "Hold". Nomura began coverage on Sucampo Pharmaceuticals in a research report on Monday, December 18th. Finally, Zacks Investment Research raised Sucampo Pharmaceuticals from a "sell" rating to a "hold" rating in a research note on Tuesday, October 3rd. They issued a "buy" rating and a $14.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock's average target of $17.50 is -4.89% below today's ($18.4) share price.
Sucampo Pharmaceuticals (NASDAQ:SCMP) traded down $0.35 during trading hours on Wednesday, hitting $18.05.
Missile threat alert for Hawaii a false alarm
Roughly a half hour later, another emergency notification was sent out, this time saying the first was a false alarm. Scores of confused residents tweeted screenshots of the warnings after receiving them shortly after 8am local time.
Lenovo introduces its new Smart Display powered by Google Assistant
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Republicans retiring in record numbers fuel fears of losing House at midterms
A record number of Republicans are leaving the House of Representatives in 2018, either to retire or to seek higher office. "Throughout my service, I worked hard and never lost sight of the people our government is supposed to serve.
The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.70 for SCMP and 2.80 for IONS, which implies that analysts are more bullish on the outlook for IONS. SCMP's financial leverage ratio is 8.79, which indicates that the company's asset base is primarily funded by debt.
In the past 52-week period, shares of Sucampo Pharmaceuticals, Inc. The company has the market capitalization of $842.93 Million. Federated Investors Pa stated it has 424 shares or 0% of all its holdings. Krensavage Asset Management LLC grew its stake in Sucampo Pharmaceuticals by 0.6% in the second quarter. In the most recent quarterly financial report, for the quarter ending Sep. Thomson Horstmann & Bryant Inc sold 19,089 shares as Cra International Inc (CRAI)'s stock declined 10.22%. JPMorgan Chase & Co. purchased a new stake in shares of Sucampo Pharmaceuticals in the second quarter valued at $117,000. Vanguard Group Inc. grew its holdings in shares of Sucampo Pharmaceuticals by 13.0% in the 2nd quarter. Finally, its 100-day average volume is 1,626,718 shares with 100% of long-term indicators pointing to Buy. Smith Asset Management Group LP increased its stake in shares of Sucampo Pharmaceuticals by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,570,172 shares of the biopharmaceutical company's stock valued at $16,487,000 after buying an additional 15,528 shares during the period. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.
In related news, insider Peter A. Kiener sold 50,000 shares of Sucampo Pharmaceuticals stock in a transaction on Thursday, December 7th. The stock exchanged hands with 9,322,450 numbers of shares compared to its average daily volume of 4.83M shares. Following the sale, the insider now owns 52,023 shares of the company's stock, valued at $858,379.50.
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