Equities research analysts forecast that Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Concordia International Corp.’s earnings. Concordia International Corp. posted earnings of $0.69 per share during the same quarter last year, which would suggest a negative year over year growth rate of 79.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, November 14th.
According to Zacks, analysts expect that Concordia International Corp. will report full-year earnings of $0.59 per share for the current year. For the next financial year, analysts anticipate that the company will post earnings of ($0.75) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Concordia International Corp..
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last announced its quarterly earnings results on Friday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $160.80 million during the quarter, compared to analyst estimates of $160.92 million. Concordia International Corp. had a negative return on equity of 83.96% and a negative net margin of 269.97%. Concordia International Corp.’s quarterly revenue was down 30.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share.
A number of brokerages recently issued reports on CXRX. ValuEngine upgraded Concordia International Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Concordia International Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 17th. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Sell” and an average price target of $7.00.
Several hedge funds have recently modified their holdings of the company. Morgan Stanley increased its position in shares of Concordia International Corp. by 467.8% during the first quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock worth $1,651,000 after purchasing an additional 834,576 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Concordia International Corp. by 290.2% during the second quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock worth $223,000 after purchasing an additional 106,290 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Concordia International Corp. during the second quarter worth $124,000. Virtu KCG Holdings LLC increased its position in shares of Concordia International Corp. by 363.8% during the second quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock worth $123,000 after purchasing an additional 61,679 shares in the last quarter. Finally, FMR LLC acquired a new position in shares of Concordia International Corp. during the first quarter worth $108,000. 9.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Concordia International Corp. (NASDAQ CXRX) opened at $0.54 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.62 and a debt-to-equity ratio of -2.48.
Concordia International Corp. Company Profile
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