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

Equities analysts expect that SWK Holdings Co. (NASDAQ:SWKH) will report earnings of $0.33 per share for the current quarter, according to Zacks. Zero analysts have made 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 business is scheduled to report its next 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 fiscal year, analysts anticipate that the firm will report earnings of $2.42 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow SWK.

SWK (NASDAQ:SWKH) last issued its quarterly earnings data on Sunday, August 15th. The company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $1.00. SWK had a net margin of 49.53% and a return on equity of 14.77%. The business had revenue of $22.27 million during the quarter.

Separately, Zacks Investment Research upgraded shares of SWK from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Saturday, August 21st.

A number of large investors have recently added to or reduced their stakes in SWKH. BlackRock Inc. raised its stake in SWK by 6.7% during the 1st quarter. BlackRock Inc. now owns 184,867 shares of the company’s stock valued at $2,688,000 after purchasing an additional 11,540 shares during the last quarter. Geode Capital Management LLC raised its stake in SWK by 3.6% during the 1st 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 last quarter. Barclays PLC raised its stake in SWK by 159.3% during the 1st 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 last quarter. M3F Inc. acquired a new position in SWK during the 1st quarter valued at $424,000. Finally, Cannell Capital LLC raised its stake in shares of SWK by 13.7% in the 1st quarter. Cannell Capital LLC now owns 751,252 shares of the company’s stock valued at $10,923,000 after buying an additional 90,472 shares in the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

Shares of SWK stock traded down $0.27 on Thursday, reaching $19.49. The stock had a trading volume of 84 shares, compared to its average volume of 19,105. The business’s 50-day moving average price is $18.66 and its two-hundred day moving average price is $17.40. SWK has a fifty-two week low of $12.58 and a fifty-two week high of $20.49. The stock has a market cap of $249.43 million, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.81 and a beta of 0.25.

SWK Company Profile

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.

Further Reading: Average Daily Trade Volume Explained

Get a free copy of the Zacks research report on SWK (SWKH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SWK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SWK and related companies with MarketBeat.com's FREE daily email newsletter.