Wall Street brokerages forecast that SWK Holdings Co. (NASDAQ:SWKH) will post earnings per share (EPS) of $0.33 for the current quarter, according to Zacks. Zero analysts have provided estimates for SWK’s earnings. SWK posted earnings of $0.53 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 37.7%. The firm is expected to issue its next quarterly earnings results on Friday, November 12th.
On average, analysts expect that SWK will report full-year earnings of $2.38 per share for the current year. For the next financial year, analysts expect that the business will post earnings of $2.42 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for SWK.
SWK (NASDAQ:SWKH) last announced its quarterly earnings results on Sunday, August 15th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $1.00. The business had revenue of $22.27 million for the quarter. SWK had a net margin of 49.53% and a return on equity of 14.77%.
Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its stake in shares of SWK by 159.3% during the 1st quarter. Barclays PLC now owns 2,966 shares of the company’s stock worth $44,000 after acquiring an additional 1,822 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of SWK during the 2nd quarter worth approximately $95,000. Goldman Sachs Group Inc. bought a new position in shares of SWK during the 2nd quarter worth approximately $234,000. Ergoteles LLC bought a new position in shares of SWK during the 2nd quarter worth approximately $270,000. Finally, Millennium Management LLC bought a new position in shares of SWK during the 2nd quarter worth approximately $412,000. 90.36% of the stock is owned by institutional investors.
SWKH stock traded down $0.27 during mid-day trading on Thursday, hitting $19.49. 84 shares of the company were exchanged, compared to its average volume of 19,105. The firm has a market cap of $249.43 million, a P/E ratio of 9.51, a P/E/G ratio of 0.81 and a beta of 0.25. The firm’s 50 day simple moving average is $18.66 and its 200 day simple moving average is $17.40. SWK has a 1-year low of $12.58 and a 1-year high of $20.49.
SWK Holdings Corp. is engaged in the business of financial and asset management in the field of pharmaceutical. The company offers capital and investments in life science companies, institutions and inventors. It engages in royalty purchases and financings, as well as commercialization of products. The firm operates through the following segments: Finance Receivables and Pharmaceutical Development.
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