Kala Pharmaceuticals (NASDAQ:KALA) Announces Quarterly Earnings Results

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Kala Pharmaceuticals (NASDAQ:KALA) released its quarterly earnings data on Thursday. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.01), Fidelity Earnings reports. The business had revenue of $1.45 million during the quarter, compared to analysts’ expectations of $3.56 million.

Shares of Kala Pharmaceuticals stock traded up $0.40 on Friday, hitting $4.11. The stock had a trading volume of 374,000 shares, compared to its average volume of 249,192. Kala Pharmaceuticals has a twelve month low of $3.24 and a twelve month high of $9.25. The stock has a market cap of $126.17 million, a price-to-earnings ratio of -1.66 and a beta of 2.13. The company has a quick ratio of 7.04, a current ratio of 7.50 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $3.84 and its two-hundred day moving average is $5.11.

Several analysts have issued reports on the company. HC Wainwright dropped their price objective on Kala Pharmaceuticals from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer set a $9.00 target price on Kala Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and issued a $51.00 target price on shares of Kala Pharmaceuticals in a research report on Wednesday, August 7th. ValuEngine raised Kala Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised Kala Pharmaceuticals from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Kala Pharmaceuticals currently has a consensus rating of “Buy” and a consensus price target of $17.54.

Kala Pharmaceuticals Company Profile

Kala Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapies using its proprietary nanoparticle-based Mucus Penetrating Particles (MPP) technology for the treatment of eye diseases. The company's lead product candidate is KPI-121 0.25% which has completed two Phase III clinical trials for the treatment of temporary relief of the signs and symptoms of dry eye disease; INVELTYS which has completed two Phase III clinical trials for the treatment of inflammation and pain following ocular surgery; and KPI-285, a MPP receptor tyrosine kinase inhibitor program, which is in preclinical studies for the treatment of retinal diseases.

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Earnings History for Kala Pharmaceuticals (NASDAQ:KALA)

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