Equities analysts expect Advanced Accelerator Application SA (NASDAQ:AAAP) to announce earnings per share (EPS) of ($0.21) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Advanced Accelerator Application’s earnings, with the lowest EPS estimate coming in at ($0.33) and the highest estimate coming in at ($0.09). Advanced Accelerator Application reported earnings of ($0.18) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The firm is scheduled to issue its next earnings report on Thursday, March 22nd.
According to Zacks, analysts expect that Advanced Accelerator Application will report full-year earnings of ($0.79) per share for the current financial year, with EPS estimates ranging from ($0.89) to ($0.68). For the next year, analysts expect that the business will post earnings of ($0.34) per share, with EPS estimates ranging from ($0.84) to $0.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Advanced Accelerator Application.
A number of brokerages recently weighed in on AAAP. BidaskClub lowered Advanced Accelerator Application from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered Advanced Accelerator Application from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. lowered Advanced Accelerator Application from an “overweight” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Monday, November 20th. Finally, JMP Securities lowered Advanced Accelerator Application from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $69.80.
Shares of Advanced Accelerator Application (NASDAQ:AAAP) traded up $0.20 during mid-day trading on Thursday, reaching $81.85. The company had a trading volume of 268,484 shares, compared to its average volume of 393,099. Advanced Accelerator Application has a 52-week low of $27.01 and a 52-week high of $81.86. The firm has a market capitalization of $3,599.44, a price-to-earnings ratio of -62.48 and a beta of 0.96.
A number of institutional investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership lifted its position in shares of Advanced Accelerator Application by 29.2% in the second quarter. Artisan Partners Limited Partnership now owns 547,338 shares of the company’s stock valued at $21,368,000 after acquiring an additional 123,619 shares in the last quarter. PointState Capital LP purchased a new position in shares of Advanced Accelerator Application in the 2nd quarter worth about $5,247,000. Pentwater Capital Management LP purchased a new position in shares of Advanced Accelerator Application in the 3rd quarter worth about $4,192,000. Alps Advisors Inc. raised its holdings in shares of Advanced Accelerator Application by 9.1% in the 3rd quarter. Alps Advisors Inc. now owns 43,308 shares of the company’s stock worth $2,928,000 after purchasing an additional 3,614 shares during the period. Finally, State Street Corp raised its holdings in shares of Advanced Accelerator Application by 1.3% in the 2nd quarter. State Street Corp now owns 25,995 shares of the company’s stock worth $1,014,000 after purchasing an additional 344 shares during the period. 39.11% of the stock is currently owned by institutional investors.
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About Advanced Accelerator Application
Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.
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