Equities analysts predict that Scholar Rock Holding Co. (NASDAQ:SRRK) will announce $5.34 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Scholar Rock’s earnings. The lowest sales estimate is $4.00 million and the highest is $7.30 million. Scholar Rock posted sales of $3.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 36.9%. The firm is scheduled to report its next quarterly earnings report on Friday, August 6th.
According to Zacks, analysts expect that Scholar Rock will report full year sales of $20.04 million for the current year, with estimates ranging from $14.70 million to $26.60 million. For the next financial year, analysts anticipate that the company will post sales of $18.10 million, with estimates ranging from $7.00 million to $29.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Scholar Rock.
Scholar Rock (NASDAQ:SRRK) last posted its earnings results on Wednesday, May 12th. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.06). The company had revenue of $4.70 million during the quarter, compared to the consensus estimate of $5.25 million. Scholar Rock had a negative return on equity of 60.07% and a negative net margin of 643.75%. Scholar Rock’s quarterly revenue was down 6.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its stake in Scholar Rock by 200.8% in the 4th quarter. Penserra Capital Management LLC now owns 770 shares of the company’s stock valued at $37,000 after acquiring an additional 514 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Scholar Rock by 1,327.1% during the first quarter. Lindbrook Capital LLC now owns 685 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Scholar Rock by 139.1% during the first quarter. Pacer Advisors Inc. now owns 1,138 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Scholar Rock by 13.0% during the first quarter. Arizona State Retirement System now owns 6,855 shares of the company’s stock worth $347,000 after purchasing an additional 791 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Scholar Rock by 2.9% during the first quarter. Alliancebernstein L.P. now owns 28,500 shares of the company’s stock worth $1,444,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 80.08% of the company’s stock.
NASDAQ SRRK traded up $0.60 during trading hours on Friday, reaching $29.36. The company’s stock had a trading volume of 9,050 shares, compared to its average volume of 287,454. The firm has a market capitalization of $1.01 billion, a PE ratio of -9.83 and a beta of 0.10. The company’s fifty day simple moving average is $29.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.55 and a current ratio of 4.55. Scholar Rock has a 52 week low of $10.28 and a 52 week high of $70.00.
Scholar Rock Company Profile
Scholar Rock Holding Corporation, a clinical-stage biopharmaceutical company, focuses on the discovery and development of medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role. The company develops Apitegromab, a novel inhibitor of the activation of latent myostatin that has completed the Phase II clinical trials for the treatment of spinal muscular atrophy; and SRK-181, which is in Phase I clinical trials for the treatment of cancers that are resistant to checkpoint inhibitor therapies, such as anti-PD-1 or anti-PD-L1 antibody therapies.
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