Zacks: Analysts Anticipate SWK Holdings Co. (NASDAQ:SWKH) to Post $0.33 Earnings Per Share

Brokerages forecast that SWK Holdings Co. (NASDAQ:SWKH) will report earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for SWK’s earnings. SWK reported earnings of $0.31 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The company is expected to report its next earnings results on Monday, August 16th.

On average, analysts expect that SWK will report full year earnings of $1.54 per share for the current year. For the next year, analysts expect that the firm will report earnings of $1.81 per share. Zacks’ EPS calculations are an average based on a survey of analysts that cover SWK.

SWK (NASDAQ:SWKH) last announced its quarterly earnings data on Sunday, May 16th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.11). The company had revenue of $9.37 million during the quarter. SWK had a return on equity of 9.63% and a net margin of 34.13%.

Several analysts have commented on the stock. Maxim Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of SWK in a research report on Tuesday, April 6th. Zacks Investment Research raised shares of SWK from a “strong sell” rating to a “hold” rating in a research report on Wednesday.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of SWK by 70.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,165 shares of the company’s stock valued at $31,000 after purchasing an additional 894 shares during the period. Barclays PLC raised its position in shares of SWK by 159.3% in the first quarter. Barclays PLC now owns 2,966 shares of the company’s stock valued at $44,000 after purchasing an additional 1,822 shares during the period. JPMorgan Chase & Co. raised its position in shares of SWK by 164.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,902 shares of the company’s stock valued at $143,000 after purchasing an additional 6,164 shares during the period. M3F Inc. bought a new stake in shares of SWK in the first quarter valued at approximately $424,000. Finally, Geode Capital Management LLC raised its position in shares of SWK by 3.6% in the first quarter. Geode Capital Management LLC now owns 39,154 shares of the company’s stock valued at $569,000 after purchasing an additional 1,350 shares during the period. 89.28% of the stock is currently owned by institutional investors.

SWKH stock traded up $0.35 during mid-day trading on Thursday, hitting $17.75. The company had a trading volume of 400 shares, compared to its average volume of 40,003. The stock has a market cap of $227.20 million, a price-to-earnings ratio of 17.23, a PEG ratio of 1.14 and a beta of 0.21. SWK has a 12 month low of $12.28 and a 12 month high of $18.00. The firm’s fifty day moving average is $16.98.

SWK Company Profile

SWK Holdings Corporation, a specialty finance company, focuses on the healthcare sector. The company operates in two segments, Finance Receivables and Pharmaceutical Development. It provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors.

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