Sol-Gel Technologies Ltd. (NASDAQ: SLGL) Expected to Post Earnings of $ 0.43 per Share

Wall Street analysts expect Sol-Gel Technologies Ltd. (NASDAQ: SLGL) posts earnings of $ 0.43 per share for the current quarter, according to Zack. Three analysts estimated the earnings of Sol-Gel Technologies, with estimates ranging from $ 0.08 to $ 0.65. Sol-Gel Technologies posted earnings per share of ($ 0.36) for the same quarter of last year, suggesting a positive year-over-year growth rate of 219.4%. The company is expected to release its next quarterly results on Thursday, March 3.

According to Zacks, analysts expect Sol-Gel Technologies to report annual profit of ($ 0.03) per share for the current year, with EPS estimates ranging from ($ 0.37) to 0 , $ 18. For the next fiscal year, analysts expect the company to report earnings of ($ 0.75) per share, with EPS estimates ranging from $ 1.15 to ($ 0.30). Zacks Investment Research earnings per share averages are an average based on a survey of selling analysts who cover Sol-Gel Technologies.

Sol-Gel Technologies (NASDAQ: SLGL) last released its quarterly earnings data on Thursday, November 11. The company reported EPS of $ 0.05 for the quarter, beating Thomson Reuters consensus estimate ($ 0.08) by $ 0.13. The company posted revenue of $ 8.84 million in the quarter, compared to a consensus estimate of $ 9.53 million.

A number of research companies have recently commented on SLGL. Raymond James lowered his price target on Sol-Gel Technologies from $ 23.00 to $ 21.00 and set a “strong buy” rating for the company in a research report released on Friday, November 12. Zacks investment research downgraded Sol-Gel Technologies from a “keep” rating to a “sell” rating in a research report published on Thursday, October 7. Finally, HC Wainwright reiterated a “buy” note and set a target price of $ 20.00 for shares of Sol-Gel Technologies in a research report released on Thursday, December 23.

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A hedge fund recently increased its stake in the Sol-Gel Technologies share. Raymond James Financial Services Advisors Inc. increased its stake in the shares of Sol-Gel Technologies Ltd. (NASDAQ: SLGL) 6.2% in the third quarter, according to the company in its latest Form 13F filed with the SECOND Securities and Exchange Commission). The institutional investor held 129,011 shares of the company after purchasing an additional 7,544 shares during the quarter. Raymond James Financial Services Advisors Inc. held approximately 0.63% of Sol-Gel Technologies for a value of $ 1,288,000 when it was last filed with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors hold 28.75% of the company’s shares.

Shares of SLGL opened at $ 7.75 on Wednesday. Sol-Gel Technologies has a 12 month low of $ 6.12 and a 12 month high of $ 16.69. The company’s 50-day moving average is $ 7.96 and its 200-day moving average is $ 9.59. The company has a market cap of $ 158.02 million, a PE ratio of -9.23 and a beta of 1.22.

Sol-Gel Technologies Company Profile

Sol-Gel Technologies Ltd. is a clinical-stage dermatology company engaged in the identification, development and commercialization of topical dermatological pharmaceuticals for the treatment of skin diseases. Its products include VERED, TWIN and SIRS-T. The company was founded by David Avnir and Alon Seri-Levy on October 28, 1997 and is headquartered in Ness Ziona, Israel.

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