Q3 2018 Earnings Forecast for ADMA Biologics Inc Issued By Zacks Investment Research (ADMA)

ADMA Biologics Inc (NASDAQ:ADMA) – Zacks Investment Research cut their Q3 2018 earnings per share estimates for shares of ADMA Biologics in a report issued on Monday, October 15th. Zacks Investment Research analyst J. Vandermosten now forecasts that the biotechnology company will post earnings of ($0.31) per share for the quarter, down from their previous forecast of ($0.29). Zacks Investment Research also issued estimates for ADMA Biologics’ Q4 2018 earnings at ($0.30) EPS and FY2018 earnings at ($1.33) EPS.

ADMA Biologics (NASDAQ:ADMA) last issued its earnings results on Friday, August 10th. The biotechnology company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.03). ADMA Biologics had a negative return on equity of 89.78% and a negative net margin of 119.34%. The business had revenue of $4.66 million during the quarter, compared to the consensus estimate of $5.35 million.

ADMA has been the topic of a number of other research reports. Maxim Group reissued a “buy” rating and issued a $12.00 target price on shares of ADMA Biologics in a report on Wednesday, September 5th. BidaskClub raised shares of ADMA Biologics from a “hold” rating to a “buy” rating in a report on Wednesday, September 5th. ValuEngine raised shares of ADMA Biologics from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Chardan Capital began coverage on shares of ADMA Biologics in a report on Monday, July 30th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Oppenheimer set a $13.00 target price on shares of ADMA Biologics and gave the stock a “buy” rating in a report on Wednesday. Seven analysts have rated the stock with a buy rating, ADMA Biologics currently has a consensus rating of “Buy” and an average price target of $10.50.

Shares of NASDAQ ADMA opened at $5.58 on Thursday. The company has a current ratio of 10.65, a quick ratio of 8.88 and a debt-to-equity ratio of 0.79. ADMA Biologics has a 52-week low of $2.01 and a 52-week high of $6.96. The stock has a market capitalization of $287.83 million, a price-to-earnings ratio of -2.86 and a beta of 2.35.

Several large investors have recently made changes to their positions in ADMA. BlackRock Inc. increased its stake in shares of ADMA Biologics by 59.5% in the first quarter. BlackRock Inc. now owns 40,536 shares of the biotechnology company’s stock valued at $186,000 after purchasing an additional 15,115 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of ADMA Biologics in the first quarter valued at approximately $182,000. Element Capital Management LLC acquired a new stake in shares of ADMA Biologics in the first quarter valued at approximately $118,000. Millennium Management LLC increased its stake in shares of ADMA Biologics by 305.2% in the first quarter. Millennium Management LLC now owns 273,621 shares of the biotechnology company’s stock valued at $1,259,000 after purchasing an additional 206,088 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of ADMA Biologics by 188.0% in the second quarter. Bank of New York Mellon Corp now owns 54,828 shares of the biotechnology company’s stock valued at $247,000 after purchasing an additional 35,791 shares during the period. Institutional investors own 55.08% of the company’s stock.

ADMA Biologics Company Profile

ADMA Biologics, Inc, a biopharmaceutical company, develops, manufactures, and markets specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases. Its lead product candidate is RI-002 derived from human plasma, which has completed Phase III clinical trials for the treatment of primary immune deficiency disease.

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Earnings History and Estimates for ADMA Biologics (NASDAQ:ADMA)

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