Tetraphase Pharmaceuticals Inc. (TTPH) Expected to Post Quarterly Sales of $1.88 Million

Equities analysts expect Tetraphase Pharmaceuticals Inc. (NASDAQ:TTPH) to announce sales of $1.88 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tetraphase Pharmaceuticals’ earnings, with the lowest sales estimate coming in at $1.10 million and the highest estimate coming in at $2.33 million. Tetraphase Pharmaceuticals reported sales of $1.49 million in the same quarter last year, which indicates a positive year-over-year growth rate of 26.2%. The business is expected to report its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Tetraphase Pharmaceuticals will report full-year sales of $1.88 million for the current fiscal year, with estimates ranging from $5.00 million to $12.31 million. For the next fiscal year, analysts expect that the company will post sales of $19.39 million per share, with estimates ranging from $8.70 million to $46.03 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Tetraphase Pharmaceuticals.

Tetraphase Pharmaceuticals (NASDAQ:TTPH) last issued its quarterly earnings data on Thursday, March 8th. The biopharmaceutical company reported ($0.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.18. The business had revenue of $2.53 million for the quarter, compared to analyst estimates of $2.26 million. Tetraphase Pharmaceuticals had a negative return on equity of 90.75% and a negative net margin of 1,187.17%.



Several research analysts have commented on the company. Gabelli raised Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research downgraded Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 target price on shares of Tetraphase Pharmaceuticals in a report on Tuesday, February 6th. B. Riley assumed coverage on Tetraphase Pharmaceuticals in a report on Monday, February 12th. They set a “buy” rating and a $11.00 target price on the stock. Finally, BMO Capital Markets downgraded Tetraphase Pharmaceuticals from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Tetraphase Pharmaceuticals currently has an average rating of “Hold” and an average target price of $7.22.

Shares of TTPH stock opened at $3.18 on Friday. The firm has a market cap of $157.36, a P/E ratio of -1.21 and a beta of 2.61. Tetraphase Pharmaceuticals has a twelve month low of $2.05 and a twelve month high of $8.75.

In other Tetraphase Pharmaceuticals news, insider Jacques Dumas sold 8,750 shares of Tetraphase Pharmaceuticals stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $6.22, for a total transaction of $54,425.00. Following the transaction, the insider now directly owns 8,750 shares of the company’s stock, valued at approximately $54,425. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the 3rd quarter valued at about $107,000. Cubist Systematic Strategies LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the 3rd quarter valued at about $195,000. Paloma Partners Management Co acquired a new position in shares of Tetraphase Pharmaceuticals in the 4th quarter valued at about $210,000. American International Group Inc. lifted its stake in shares of Tetraphase Pharmaceuticals by 44.1% in the 3rd quarter. American International Group Inc. now owns 33,826 shares of the biopharmaceutical company’s stock valued at $231,000 after purchasing an additional 10,345 shares during the period. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the 4th quarter valued at about $376,000. 58.50% of the stock is currently owned by institutional investors.

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Tetraphase Pharmaceuticals Company Profile

Tetraphase Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops various antibiotics for the treatment of serious and life-threatening multidrug-resistant infections. The company's lead product candidate is eravacycline, a synthetic fluorocycline intravenous and IV antibiotic for use as a first-line empiric monotherapy to treat resistant and multidrug-resistant infections, including multidrug-resistant Gram-negative infections.

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Earnings History and Estimates for Tetraphase Pharmaceuticals (NASDAQ:TTPH)

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