Wall Street analysts predict that MannKind Co. (NASDAQ:MNKD) will post earnings of ($0.08) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for MannKind’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.06). MannKind posted earnings of ($0.16) per share during the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is expected to report its next quarterly earnings results on Thursday, August 1st.
According to Zacks, analysts expect that MannKind will report full year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.31) to ($0.28). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.22) to ($0.06). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for MannKind.
MannKind (NASDAQ:MNKD) last announced its earnings results on Tuesday, May 7th. The biopharmaceutical company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $18.03 million. During the same quarter last year, the business posted ($0.25) earnings per share.
Several hedge funds have recently made changes to their positions in MNKD. CVI Holdings LLC purchased a new position in shares of MannKind in the 4th quarter valued at approximately $11,359,000. Raging Capital Management LLC boosted its stake in shares of MannKind by 7,166.3% in the fourth quarter. Raging Capital Management LLC now owns 3,444,971 shares of the biopharmaceutical company’s stock valued at $3,652,000 after buying an additional 3,397,561 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of MannKind in the fourth quarter valued at approximately $2,649,000. Vanguard Group Inc boosted its stake in shares of MannKind by 4.7% in the third quarter. Vanguard Group Inc now owns 6,627,801 shares of the biopharmaceutical company’s stock valued at $12,128,000 after buying an additional 299,794 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of MannKind by 4.7% in the third quarter. Vanguard Group Inc. now owns 6,627,801 shares of the biopharmaceutical company’s stock valued at $12,128,000 after buying an additional 299,794 shares in the last quarter. Institutional investors own 26.96% of the company’s stock.
Shares of MNKD stock opened at $1.12 on Friday. The company has a 50 day moving average of $1.21. MannKind has a twelve month low of $0.94 and a twelve month high of $3.04. The stock has a market cap of $210.32 million, a P/E ratio of -1.90 and a beta of 2.53.
MannKind Corporation, a biopharmaceutical company, focuses on the development and commercialization of inhaled therapeutic products for diabetes and pulmonary arterial hypertension patients. It offers Afrezza, a dry powder formulation of human insulin that controls high blood sugar in adults with type 1 and type 2 diabetes in the United States.
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