Analysts expect Kindred Biosciences Inc (KIN) to announce the profit of – $ 0.40 per share



Equities analysts predict that Kindred Biosciences Inc. (NASDAQ: KIN) will announce a profit of ($ 0.40) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for the Kindred Biosciences revenue, with the highest EPS estimate coming in ($ 0.38) and the lowest estimate coming in ($ 0.42). Kindred Biosciences reported a profit of ($ 0.29) per share in the same quarter of last year, indicating a negative year-on-year growth of 37.9%. The company is scheduled to publish the results of its quarterly results on Tuesday, November 6.

According to Zacks analysts expect that Kindred Biosciences will report an annual profit of ($ 1.51) per share for the current year, with EPS estimates ranging from ($ 1.56) to ($ 1.44). For the following year, analysts expect the company to report a profit of ($ 1.22) per share, with EPS estimates ranging from ($ 1.37) to ($ 1.04). The EPS calculations by Zacks Investment Research are an average based on a survey of research analysts related to Kindred Biosciences.

Kindred Biosciences (NASDAQ: KIN) published its quarterly results for the last time on Thursday, August 9th. The biopharmaceutical company reported ($ 0.39) Earnings per Share (EPS) for the quarter, with consensus analysts' estimates missing ($ 0.38) with ($ 0.01).

A number of analysts recently issued reports about the stock. HC Wainwright repeated a "buy" rating and set a $ 16.00 price target on Kindred Biosciences shares in a report on Monday, August 13. Zacks Investment Research has upgraded the Kindred Biosciences shares from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit and a target price of $ 15.00 for the company in a study letter on Wednesday, July 25. On Tuesday, August 7, LADENBURG THALM / SH SH downgraded a downgraded stock of Kindred Biosciences from a "buy" rating to a "neutral" rating in a research note. Lake Street Capital started coverage on Kindred Biosciences shares in a study letter on Monday 23 July. They gave a "buy" score for the company. Finally, Cantor Fitzgerald started the coverage on Kindred Biosciences shares in a study letter on Monday 23 July. They gave an "overweight" rating and a target price of $ 20.00 for the company. Three equity research analysts have rated the shares with a hold rating, seven have issued a buy-rating and two have a strong buy-rating for the company's shares. The company has an average rating of & # 39; Buy & # 39; and an average price target of $ 16.75.

In other news: major shareholder Park West Asset Management Llc acquired 845,262 shares in the Kindred Biosciences portfolio in a transaction that took place on Wednesday 20 June. The stock was purchased at an average price of $ 9.50 per share, with a total value of $ 8,029,989.00. The purchase has been disclosed in a legal application to the Securities & Exchange Commission, which is available through this link. Insider Richard Chin also sold 40,000 shares of the company's shares in a transaction that took place on Wednesday, August 1. The shares were sold at an average price of $ 13.51, for a total transaction of $ 540,400.00. After the transaction, the insider now owns 2,106,071 shares of the company's shares, valued at approximately $ 28,453,019.21. The information for this sale can be found here. Insiders sold 132,610 shares of company shares worth $ 1,482,900 in the last quarter. Business mixers own 15.96% of the company's shares.

Large investors have recently changed their positions in the shares. Metropolitan Life Insurance Co. NY bought a new position in Kindred Biosciences in the second quarter with a value of approximately $ 103,000. Tower Research Capital LLC TRC lowered its position in Kindred Biosciences by 764.3% in the second quarter. Tower Research Capital LLC TRC now holds 9,671 shares in the share capital of the biopharmaceutical company worth $ 103,000 after purchasing an additional 8,552 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Kindred Biosciences in the second quarter with a value of approximately $ 119,000. MetLife Investment Advisors LLC acquired a new stake in Kindred Biosciences in the second quarter, with a value of approximately $ 146,000. Finally, Citadel Advisors LLC acquired a new stake in Kindred Biosciences in the second quarter, worth around $ 218,000. 56.85% of the shares are held by institutional investors.

NASDAQ KIN opened on Friday at $ 14.85. Kindred Biosciences has a low of 52 weeks of $ 6.80 and a height of 52 weeks of $ 15.75. The stock has a market capitalization of $ 500.24 million, a P / E ratio of -12.07 and a beta of 0.28.

Kindred Biosciences Company profile

Kindred Biosciences, Inc., a biopharmaceutical company, focuses on the development of therapies for pets. The product pipeline of the company includes small molecules and biological drugs for a range of indications in dogs, cats and horses. The main product candidates are Zimeta, a dipyron injection for the control of pyrexia (fever) in horses; and Mirataz, a mirtazapine transdermal ointment for the management of weight loss in cats.

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